Unit 7 finance

Reading

Listen and read this email from the Director of Finance to a CEO. Then, choose the correct answers. Summarise the email. Tell the class.

 1 Which of the following statements is NOT true?

A The takings are higher than last year

B Most of the profit came in the second quarter

C The company received a grant in the third quarter

D The company bought delivery vehicles in the first quarter

2 The company's assets decreased in because

A this year's profits were low.

B the company suffered net loss.

C the delivery trucks were expensive

D the computers decreased in value.

3 What is the company likely to do next year?

A buy a new computer system

Breceive $3,000 in debts

C receive a grant

D reduce spending

Speaking

With a partner, act out the roles below, based on the dialogue from task 6. Then switch roles.

A: Have you completed the financial report for this quarter?

B: Yes, here it is, income is here on the left, and expenditure is on the right. A: How do our earnings compare to last quarter?

B: Well, theyre up from the last quarter, but we actually suffered a net loss over the three months.

A: A loss? Why is that?

B: We updated the computer systems. It was pretty expensive.

A: Oh yes, of course.

B: Bu expect us to make a profit in the next quarter. We'll finally collect the revenue from the Hilton project.

A: And with any luck we'll get that small business grant too.

B: It could be a very good quarter for us.

A: Could you come up with an estimate for the upcoming quarter? Id like to show that to the board

B: No problem. But there's no guarantee that we'll have a profit.