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Lesson 3. Task 1. a)The word “FISCAL” finds its application in various fields of business activities:
Task 1. a) The word “FISCAL” finds its application in various fields of business activities:
Task 2. Study the etymology of the word “FISCAL”.
Task 3. a) Make the difference between the following words.
b) Translate into Ukrainian paying special attention to the words in italics.
1. Tokyo and New York are major financial centres. 2. The fiscal deficit is running at 7 per cent of GDP. 3. The firm has financial assets of $18,4 billion. 4. The government must impose fiscal discipline and reduce spending. 5. They offer independent financial advice on all types of mortgages. 6. More and more companies are facing a fiscal crisis. 7. It is clear that on every financial indicator the country is doing well. 8. Orders in the company’s fiscal third quarter dropped by 12%. 9. Fiscal policy is a tool of economic management by which government attempts to maintain a stable economy through its taxing. 10. Auditors have a critical role in the financial reporting process.
Task 4. a) Match the Ukrainian terms in column A with their English equivalents (column B).
b) Look through Task 3 a) and say: 1. Which Ukrainian terms can be translated into English as “fiscal”? 2. Which equivalents does Ukrainian “фіскальний” have in English?
Task 5. Consider some meanings of “FISCAL”.
Task 6. In the text below (Task 8) the word “YEAR” is used in different collocations. Can you explain the meaning of some of them given below?
Task 7. Practice reading the following words.
Task 8. Read and translate the text.
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