ENGLISH FOR ACCOUNTING

Lecturer: Rosdiana Mata, S.S, M.Pd

By :

Group 2

Leader : RayMeasonFonteinBalukh
Member :AfridusKur
Angel E. P. H. KoreNguru
Angel TamariskaTalan
NelaFauzia
NeliAtciSabuin
Class : II-A
CHAPTER 19Derivatives
Page 89-92

Page90-91
 Listening : Derivatives
1. Peter Sinclair, who we have already heard in other units, was formerly director of the Centre for
Central Banking Studies at the Bank of England. Steve Harrison works in the compliance
department of a large bank in London - you will hear him talking about regulation in Unit 23.
Listen first to Peter Sinclair and then to Steve Harrison talking about derivatives.
Who suggests that financial institutions need to take risks Sinclair or Harrison?
2. Now listen again and answer the questions below.
1. What do Sinclair and Harrison say about how long derivatives have existed?
2. What does Sinclair mean when he says derivatives ‘change the structure of risks and returns'?
3. In what situation does Sinclair say a company would want to get US dollar assets ahead of time?
4. What, according to Sinclair, is the danger with derivatives?
5. What do you think Harrison means when he says derivatives 'have had a very bad press'?
6. Harrison says derivatives can be used to protect positions, but ‘they can also give you exposure
to areas that the bank decides that it wants to have exposure to'. What does this mean?
7. What does Harrison mean when he says ‘Financial institutions are in the risk and reward
business'? Do you agree?

Answers :
1. Harrison says that they need to take risks.
2.
1. Sinclair says they are not entirely new which suggests that they are quite new, while Harrison
says they ‘have been around for a very long time, in various formats’.
2. He means that they allow you to earn higher returns, but ‘at the cost of big increase in risk'.
3. If they have a bill coming up in the future that will have to be paid in US dollars
4. They are complicated, and banks and companies might not fully understand them.
5. He means that they have a bad reputation and that a lot of bad things have been written about
them in newspapers.
6. "Give exposure' means to be in a potentially risky situation, e.g. if a price moves in an
unexpected direction.
7. He means that it is the nature of their business to take risks and (if they are successful) to be
rewarded for them. Yes, Agree.
Terjemahan :
 Mendengarkan: Derivatif
1. Peter Sinclair, yang telah kami dengar di unit lain,
sebelumnyaadalahdirekturPusatStudiPerbankanPusat di Bank of England. Steve Harrison bekerja
di departemenkepatuhansebuah bank besar di London -
Andaakanmendengardiaberbicaratentangregulasi di Unit 23. Dengarkandulu Peter Sinclair, lalu
Steve Harrison yang berbicaratentangderivatif.
Siapa yang menyarankanbahwalembagakeuanganperlumengambilrisiko Sinclair atauHarrison?
2. Sekarangdengarkanlagidanjawabpertanyaan di bawahini
1. Apa yang dikatakan Sinclair dan Harrison tentangberapa lama turunantelahada?
2. Apa yang dimaksud Sinclair ketikadiamengatakanderivatif
‘mengubahstrukturrisikodanpengembalian '?
3. Dalamsituasiapa Sinclair mengatakansebuahperusahaaninginmendapatkanasetdolar AS
lebihawal?
4. Apa, menurut Sinclair, bahayadenganderivatif?
5. MenurutAndaapa yang dimaksud Harrison ketikadiamengatakanderivatif 'memilikipers yang
sangatburuk'?
6. Harrison mengatakanderivatifdapatdigunakanuntukmelindungiposisi, tetapi
‘merekajugadapatmemberiAndaeksposurke area-area yang diputuskanoleh bank
bahwaiainginmemilikieksposur '. Apaartinyaini?
7. Apa yang dimaksud Harrison ketikadiamengatakanlembagakeuanganberadadalam
bisnisrisikodanhadiah '? Apakamusetuju?

Jawaban :
1. Harrison mengatakanbahwamerekaperlumengambilrisiko.
2.
1. Sinclair mengatakanmerekatidaksepenuhnyabaru yang menunjukkanbahwamerekacukupbaru,
sementara Harrison mengatakanmerekasudahadasejak lama, dalamberbagai format.
2. MaksudnyamerekamemungkinkanAndauntukmendapatkanpengembalian yang lebihtinggi,
tetapidenganrisikopeningkatanrisiko yang besar.
3. Jikamerekamemilikitagihan yang akandatang di masadepan yang harusdibayardalamdolar AS
4. Merekarumit, dan bank danperusahaanmungkintidaksepenuhnyamemahaminya.
5. Maksudnyamerekamemilikireputasiburukdanbanyakhalburuktelahditulistentangmereka di
suratkabar.
6. "Beripaparan 'berartiberadadalamsituasi yang berpotensiberisiko, mis. Jikahargabergerakkearah
yang tidakterduga.
7. Maksudnyaadalahsifatbisnismerekauntukmengambilrisikodan (jikamerekaberhasil)
untukdihargaibagimereka. Ya, setuju.
VOCABULARY

N ENGLISH INDONESIA
O
1 Additional invesment Investasi tambahan
2 Classifying Pengelompokan
3 Debt Debet
4 Debtor Debitur
5 Equities Hak atas kekayaan
6 Gross profit Laba kotor
7 Interest rast Suku bunga
8 Maturity Jatuh tempo
9 Rent expense Beban sewa
10 Tax expense Beban pajak

1.

1. Additional invesment: Investasi tambahan

2. Classifying : Pengelompokan
3. Debt : Debet
4. Debtor : Debitur
5. Equities : Hak atas kekayaan
6. Gross profit : Laba kotor
7. Interest rast : Suku bunga
8. Maturity : Jatuh tempo
9. Rent expense : Beban Sewa
10. Tax expense : Beban Pajak