Translate the sentences into Russian paying special attention to the expression type

Answer the questions.

1. What does the term "financial control" mean?

2. What are the main advantages of budgeting the busi­ness?

3. What factors are to be taken into account while choos­ing the method of finance?

4. What are the main stages of budget preparation?

5. Why is the interdepartmental consultation necessary at all stages of budgetary process?

6. Why is the process of budgeting considered central to the financial management?

7. What is common to all budgets?

8. In what cases can the realistic performance objectives be set?

9. What problems do small businesses face?

10. Why is it necessary to prepare more than one set of forecasts concerning the business's expected per­formance?

11. Why some sources of finance are not available to all business?

12. What is the major reason preventing the growth and development of small businesses?

1. Financial control means the directing and monitoring of the financial resources within the business.

2. The reason a business requires finance is often the most important factor in determining how the finance will be obtained - the source of funds..

3. The provision of advice concerning the best method of financing is one of the key responsibilities of the Finance Department.

4. Common to all budgets is that they relate to the future and that they are therefore based upon forecasts rather than facts.

5. If the funds are needed immediately, then the choice is likely to be restricted to a small number of sources.

13* Read the text below, pick out words and expressions in bold type and match them with synonymous words and expressions from the box.

  administrative, in that way, reveals, office-workers, benefits, corporate image, consequently, on top of that, purposes, lastly, goals, contact The Importance of Budgeting to the Business  

1. The process of budgeting is central to financial man­agement and the efficient operation of the business. The main advantages to the business can be summa­rized as follows:

2. Budgeting requires the business to consider its objec­tives and it therefore clarifies its aims and polices.

3. Each department or sub-department is required to plan expenditure. This identifies the different areas of man­agement responsibility within the business.

4. It gives the people, who work in the business targets to aim for, which improves incentives and motivates employees.

5. Budgeting requires cooperation and communication between the various departments within the business. Thus it helps to develop a corporate identity and reduces departmentalization.

6. In addition budgeting improves the central control of the business by senior management.

7. Finally; budgeting identifies strengths and weaknesses with­in the business and therefore helps to improve efficiency.

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