- Миний курсууд - - - Эхний хуудас Өдөр / Eng329 - Санхүү, Эдийн Засгийн Англи Хэл Online Seminar 1 Reading Skill Quiz (ONLINE/SEM 1)

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 1 - Reading Skill Quiz (ONLINE/SEM 1)
Эхлүүлсэн Thursday, 15 September 2022, 10:03 PM

Нөхцөл Дуусгасан
Дууссан Thursday, 15 September 2022, 10:26 PM
Цаг авах 22 минут 43 secs
тэмдэгvvд 11.00/11.00
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Сэтгэгдэл
1 асуулт
Correct 1.00-с 1.00 оноо авлаа
Read the article and choose true or false answer.

Click here to read the article.
1. Most accountants work for accountancy firms.
Нэгийг сонгох:
True
False 
Зөв хариулт бол 'Үгүй'
2 асуулт
2. There are a number of different specialist areas in accounting.

True 
False
Зөв хариулт бол 'Тийм'
3 асуулт
3. Accountancy firms only operate in their domestic market.

True
False 
4 асуулт


4. Accountancy training is mainly organised locally.
True 
False
5 асуулт
5. With a recognized accountancy qualification, you are sufficiently trained for the rest of your working career.
True
False 
6 асуулт
6. IFAC does not expect accountants to get any further training once they have obtained their initial accountancy
qualification.
True
False 
7 асуулт
7. Giving its accountants business-skills training can have a serious impact on a firms' success
True 
False
8 асуулт
Match these words and phrases with their meanings.

an accountant working in this area acts for a person or company that is no longer able to pay their debts or a company whose liabilities exceed its assets
 insolvency

checking an organisation's activities or performance or examining a person's or organisation's accounts to make sure that they are true and honest
auditing

forensic when a company's financial records are officially checked because illegal activity is suspected
accounting

tax preparing a person's or company's financial information in order to calculate the proportion of their profit which they must pay to their government
accounting

Your answer is correct.

Зөв хариулт нь: insolvency → an accountant working in this area acts for a person or company that is no longer able to pay their debts or a company whose
liabilities exceed its assets, auditing → checking an organisation's activities or performance or examining a person's or organisation's accounts to make sure
that they are true and honest, forensic accounting → when a company's financial records are officially checked because illegal activity is suspected, tax
accounting → preparing a person's or company's financial information in order to calculate the proportion of their profit which they must pay to their
government
Хянаж дуусгах
 Watch the video lesson to imp… Үсрэх ... Writing Skill (Paraphrasing) 
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First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online Seminar 1 - Writing Skill Quiz. (ONLINE/SEM 1)
Started Thursday, September 15, 2022, 10:18 PM

Conditions Completed
Finished Thursday, September 15, 2022, 10:18 PM
Take time 37 secs
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Comment
1 question
Correct Scored 3.00 out of 3.00
Rewrite bold phrase in the sentence using the structure based on the noun form with There .
It agrees that the South Koreans are concerned by Australia's hard-sell techniques.
Answer: There is an agreement that the South Koreans are concerned by Australia’s har 
The correct answer is: There is an agreement that the South Koreans are concerned by Australia's hard-sell techniques.
2 questions
Write the synonyms for each bold word in the gaps. The first letter of each word has been given.
1. Loss of confidence in corporate governance can reduce d ecrease  a company's share value quite
quickly.
2. A fine p enalty  was imposed on all three companies found guilty of polluting the river.
3. The company has shown a genuine r eal  interest in non-profit-making c haritable 
activities.
4. The proposed design for the factory were wholeheartedly e nthusiastically  welcomed by the board.
3 асуулт
In the paraphrased sentences, write the most appropriate form of each bold word in the gaps.
1. Companies need to distribute their products in the most cost-effective way.
The cost-effective distribution  of their products is vital to companies.
2. Consultants advised the company to extend the range of their products.
Consultants advised the company to make the range of their products more extensive  .


 Writing Skill (Paraphrasing) Үсрэх ... Listening Skill Quiz. (ONLINE/SE… 

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Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 1 - Listening Skill Quiz. (ONLINE/SEM 1)
Эхлүүлсэн Wednesday, 21 September 2022, 8:38 PM

Дууссан Wednesday, 21 September 2022, 8:46 PM
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Сэтгэгдэл
1 асуулт
Listen to the conversation about investment and complete the sentences with correct words and phrases
related to the theme.
Frank Smith: Good morning Mr Gibbs, you wanted to see me.
Mr Gibbs: Yes, come in and take a seat. I would like to diversify  my investments and I'd like you to give me
your opinion on some possible options.
Frank: Of course, what kind of investments are you thinking of?

Mr Gibbs: Well, ideally I want something with a high yield  and a low risk.
Frank: That may be asking a bit much, but there are a few possibilities you may want to consider.
Mr Gibbs: Ok, so what do you suggest.
Frank: You could invest in a tracker, or index fund  where your investment is split between a certain number
of
FTSE 100 companies. Your holding  would be directly linked to the stock exchange, so growth on the stock
market would mean a return for you.
Mr Gibbs: And what kind of return could I expect?

Frank: Based on previous years, I would expect something along the lines of 5 to 8%.
Mr Gibbs: I was hoping for a higher return than that.
Frank: Ok, but anything above that will carry a lot of risk.
Mr Gibbs: How much risk?
Frank: It is almost impossible to accurately forecast the market at the moment, so investing in one company,
even a blue-chip  is not a good idea as the share price could unexpectedly plummet  .
Mr Gibbs: But, that means it could also rocket  , yes?
Frank: In theory yes, but it is 50/50 - so I wouldn't recommend it.
Mr Gibbs: Ok so, what other options do I have?
Frank: You could invest in a property fund  , these have proved resistant  to the financial crisis and
from long-term perspective, could offer a good return.
Mr Gibbs: I though the property market was in a slump  ?
Frank: That's why I said from a long-term perspective. There is bound to be a boom  in the market again,
we just don't know when.
Mr Gibbs: Right that is something to think about but any ideas for short term gains
Mr Gibbs: Right, that is something to think about but any ideas for short-term gains.

Frank: The most popular option is bonds with a one or two year maturity  .
Mr Gibbs: Ok, and they are safe.
Frank: In general, bonds are less volatile  than other investments such as shares. However, losses can still
happen as a company or government may default  on their obligations to bond holders.
Mr Gibbs: So they are not guaranteed?

Frank: No, unfortunately there is no such thing as a guaranteed investment. However, commodities  have
generally offered a good return on an investment.
Mr Gibbs: You mean like gold and such like.
Frank: Yes, but not only. Any type of raw materials from gold to rice can be traded. I don't really have too much
information on it, but if you are interested I will contact a broker  .
Mr Gibbs: That sounds good.
Frank: There is another option- it is a little more risky but potentially offers higher returns.
Mr Gibbs: Tell me more.
Frank: Well, it's a new option - peer loans.

Mr Gibbs: What are they?
Frank: Ok, so you act as a backer for a startup  company, a new play or in fact anything which requires
backing. At the time of agreeing to fund this, you set your conditions including repayment terms and interest
rate.
Mr Gibbs: You mean like that program 'Shark Tank'?
Frank: Exactly, but it doesn't have to be on such a large scale. You can invest a few hundred in several
companies of tens of thousands in one.
Mr Gibbs: I like that idea.
Frank: I don't have the details on me, but when I get back to my desk I will send you some information on peer-
funding and the risks involved.
Mr Gibbs: Great. Now coming back to the property fund you mentioned earlier.
Frank: Yes.
Mr Gibbs: What is the advantage of the fund over just buying property?
Frank: Well, firstly it is a little safer as the risk is spread over the portfolio  instead of in one building. But the
main advantage is that you do not need to invest so much money as if you bought property on your own.
Mr Gibbs: So, in my position the only benefit is that it may be a bit safer.
Frank: Yes.
Mr Gibbs: I think given the choice I'd prefer to invest in my own property rather than a fund. What about buying
up the property near the factory? Eventually we will move production and surely then the nearby houses will be
worth a lot more money?
Frank: Yes, that is a great idea.
 Writing Skill Quiz.(ONLINE/SEM … Үсрэх ... Vocabulary Quiz. (ONLINE/SEM… 

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Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 1 - Vocabulary Quiz. (ONLINE/SEM 1)
Эхлүүлсэн Thursday, 15 September 2022, 9:56 PM

Дууссан Thursday, 15 September 2022, 10:02 PM
Дvн 2.00 (87%)-с 1.73
Сэтгэгдэл
1 асуулт
Match the meanings with the correct words or phrases.
when two formerly separate companies agree to join together merger 
when a company offers to buy the shares of another company to gain control of it takeover bid 
a company offering financial services financial institutions 
the ending of some rules and restrictions deregulation 
a company formed by the merger or takeover of several other companies conglomerate 
the money a company uses, raised by way of shares and bonds capital 

Зөв хариулт нь: when two formerly separate companies agree to join together
→ merger, when a company offers to buy the shares of another company to gain control of it
→ takeover bid, a company offering financial services
→ financial institutions, the ending of some rules and restrictions
→ deregulation, a company formed by the merger or takeover of several other companies
→ conglomerate, the money a company uses, raised by way of shares and bonds
→ capital
2 асуулт
Read the information, find the words with the following meanings, and write them in the gaps.

1. what can you earn when you leave your money in the bank interest 
2. an amount of money borrowed from a bank for a certain length of time, usually for a specific purpose
loan 
3. something that acts as a security or a guarantee for a debt collateral 
4. an arrangement to withdraw more money from a bank account than you have placed in it overdraft
5. a long-term loan to buy somewhere to live mortgage 
6. an arrangement for saving money to give you an income when you stop working private pension plan 
7. to take back property that has not been completely paid for repossess 
3 асуулт
Бүрэн зөв биш 8.00-с 4.00 оноо авлаа
These types of business were done by which type of financial institutions? Drag and drop in the correct
places. Look at the information below.
1. investment/merchant banks
organizing takeover bids 
arranging mergers 
issuing shares and bonds 
giving financial advice to companies 
2. insurance companies offering life insurance 

providing pensions 
3. building societies/savings and loans associations

providing mortgages 
4. commercial/retail/High Street banks receiving deposits and making loans to individuals and small companies



Your answer is partially correct.

Зөв хариултын тоо 4.
The correct answer is:
These types of business were done by which type of financial institutions? Drag and drop in the correct places. Look at the information below.
1. investment/merchant banks [arranging

mergers] [issuing shares and bonds] [giving financial advice to companies] [organizing takeover bids]
2. insurance companies [offering life insurance] [providing pensions]
3. building societies/savings and loans associations [providing mortgages]
4. commercial/retail/High Street banks [receiving deposits and making loans to individuals and small companies]
4 асуулт
Complete the advertisement with the given words. Drag and drop in the correct places. The following

information will help you.
ABC bank now offers 1% interest on current accounts and 2.5% on savings accounts . We will give you a
chequebook and plastic: a free debit card  for use in cash dispensers, and the possibility to apply for a
credit card  . You can pay fixed monthly bills by standing order  , and other bills by direct debit .
There are no account charges as long as you remain in credit, and we send you free monthly statements
 . We can also sell you foreign currency  for your next holiday, or traveller's cheques
 for greater security.
What are you waiting for? Call us today.

Complete the advertisement with the given words. Drag and drop in the correct places. The following information will help you.
ABC bank now offers 1% interest on [current accounts] and 2.5% on [savings accounts]. We will give you a chequebook and plastic: a free [debit card] for
use in cash dispensers, and the possibility to apply for a [credit card]. You can pay fixed monthly bills by [standing order], and other bills by [direct
debit]. There are no account charges as long as you remain in credit, and we send you free monthly [statements]. We can also sell you [foreign
currency] for your next holiday, or [traveller's cheques] for greater security. What are you waiting for? Call us today.
 Listening Skill Quiz. (ONLINE/SE… Үсрэх ... How to write professional ema… 
 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 3 - Vocabulary Quiz 1. (ONLINE/SEM 3)
Эхлүүлсэн Thursday, 13 October 2022, 8:09 PM

Дууссан Thursday, 13 October 2022, 8:12 PM
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1 асуулт
What do the following abbreviations mean? Write it.
GAAP
Answer: Generally Accepted Accounting Principles 
Зөв хариулт нь: Generally Accepted Accounting Principles
2 асуулт
IFRS
Answer: International Financial Reporting Standards 
Зөв хариулт нь: International Financial Reporting Standards
3 асуулт

IAS
Answer: International Accounting Standards 
Зөв хариулт нь: International Accounting Standards
4 асуулт

IASC

Answer: International Accounting Standards Committee 
Зөв хариулт нь: International Accounting Standards Committee
5 асуулт
Match words to make words partnerships. Definitions are given.
1. A firm that sells its shares to anyone who wants to buy them.
2. For example, Australia, the U.K., and the U.S.A.
3. The way that most people do something.
4. The rules and regulations which state how accountants operate in a particular place.
5. People or groups who are not involved with the company.
accepted practice 
outside parties 
local accounting standards 
publicly-traded company 
English-speaking countries 

Зөв хариулт нь: accepted → practice, outside → parties, local accounting → standards, publicly-traded → company, English-speaking → countries
6 асуулт
Here are four basic principles of accounting. Match the given definitions to them.
When preparing accounts, one must assume that the enterprise will still be viable in the years to come.
going concern principle
Practically all accounting items are affected by this assumption, such as the carrying value of fixed assets and
inventories, and the ability to repay debts and other obligations. 
This principle is concerned with the timing of the recognition of transactions in the accounts. Items are recorded matching principle
when the income or expense arises, and are not dependent on the movement of cash.

What value should be given to the numbers in the accounts? It is normal to act pessimistically, so that profits prudence principle
and assets are not overstated, and expenses and liabilities realistically valued.

Accounts should be produced using the same principles from one year to the next. Deviations from this consistency principle
principle must be noted, and the effects on the accounts shown.


Зөв хариулт нь: When preparing accounts, one must assume that the enterprise will still be viable in the years to come. Practically all accounting items
are affected by this assumption, such as the carrying value of fixed assets and inventories, and the ability to repay debts and other obligations. → going
concern principle, This principle is concerned with the timing of the recognition of transactions in the accounts. Items are recorded when the income or
expense arises, and are not dependent on the movement of cash. → matching principle, What value should be given to the numbers in the accounts? It
is normal to act pessimistically, so that profits and assets are not overstated, and expenses and liabilities realistically valued. → prudence principle,
Accounts should be produced using the same principles from one year to the next. Deviations from this principle must be noted, and the effects on the
accounts shown. → consistency principle

7 асуулт
Match these words with their meanings.
debt money that is owed 
contract an agreement between two or more parties, often written 
liabilities the opposite of assets 
shareholder someone who owns parts of a company 
lease an agreement where the owner of something allows someone else to use it for a specific time for a sum of money 
transaction buying or selling something 
gearing the proportion of own capital to borrowed funds when buying an asset or financing a company 

Зөв хариулт нь: debt → money that is owed, contract → an agreement between two or more parties, often written, liabilities → the opposite of assets,
shareholder → someone who owns parts of a company, lease → an agreement where the owner of something allows someone else to use it for a
specific time for a sum of money, transaction → buying or selling something, gearing → the proportion of own capital to borrowed funds when buying an
asset or financing a company
8 асуулт
Use and write liability, liabilities, debt, or debts to complete the sentences below.
1. He'll have paid his debts  off by next year.
2. Look at the assets and liabilities  on the balance sheet if you want to know how the company's doing.
3. Many developing countries are burdened by heavy debt  .
4. We need to look at the long-term liabilities  before we think about any major new purchases.
5. The partnership has limited liability  status.
6. Current liabilities  are those which are paid off within a year.
7. The company's in debt  to the tune of 10 million.
 Learn more about financial st… Үсрэх ... Vocabulary Quiz 2. (ONLINE/SE… 
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Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 3 - Vocabulary Quiz 2. (ONLINE/SEM 3)
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Match the words with their partners.

common stock 
intangible assets 
accumulated gains 
retained earnings 
consolidated affiliates 
current receivables 
total liabilities 

Зөв хариулт нь: common → stock, intangible → assets, accumulated → gains, retained → earnings, consolidated → affiliates, current → receivables,
total → liabilities
2 асуулт
Now match the word partners to their definitions
The amounts affecting common stockholders, but not from movements in the stock of the company (e.g. accumulated gains
currency transaction adjustment)

The ordinary shares held by the owners, who therefore are the last to receive their money back in the event of common stock
liquidation

Profit which is not paid out to shareholders in the form of dividends, but instead is kept by the company to retained earnings
reinvest or pay off debts.

intangible assets
An asset which does not have a physical nature (such as a trademark or a patent)

total liabilities
The total legal obligations of a company to pay other parties.

current receivables
Amounts that will be collected in the normal course of business within one year.

consolidated affiliates
The holding company owns a minority interest (less than 50%) but the accounts are nevertheless consolidated
The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated.
 

Зөв хариулт нь: The amounts affecting common stockholders, but not from movements in the stock of the company (e.g. currency transaction
adjustment) → accumulated gains, The ordinary shares held by the owners, who therefore are the last to receive their money back in the event of
liquidation → common stock, Profit which is not paid out to shareholders in the form of dividends, but instead is kept by the company to reinvest or pay
off debts. → retained earnings, An asset which does not have a physical nature (such as a trademark or a patent) → intangible assets, The total legal
obligations of a company to pay other parties. → total liabilities, Amounts that will be collected in the normal course of business within one year. →
current receivables, The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated. → consolidated
affiliates
 Vocabulary Quiz 1. (ONLINE/SE… Үсрэх ... Reading Skill Quiz 1. (ONLINE/S… 

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 3 - Reading Skill Quiz 1. (ONLINE/SEM 3)

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1 асуулт
Incorrect 1.00-с 0.00 оноо авлаа
Click here to read PDF article
Read the article and choose whether true (T) or false (F).
1. The European changeover to International Financial Reporting Standards went as expected.
True 
False
2 асуулт
2. CEOs need to fully understand how these accounting and reporting changes could affect the way their financial results
look to outsiders.
True 
False
3 асуулт
3. The changeover to IFRS only involved changing a few numbers in the accounts of the companies concerned.
True
False 
4 асуулт


4. Once companies had understood which accounting policies they had to change, the major problems were over.
True 
False
5 асуулт
5. The changeover experience was the same for each of the companies involved.
True 
False
6 асуулт
6. Many European countries' old reporting standards had been designed mainly with their respective tax authorities
in mind.
True 
False
7 асуулт
Find words or phrases in the article which fit these meanings and write in the spaces.
1. people who make an official record of all the money paid into and paid out of businesses (paragraph B)
.......................
Answer: bookkeepers 
Зөв хариулт нь: bookkeeper
8 асуулт


2. person who is in charge of the way a company reports its accounts to the outside world (paragraph D)
...........................
Answer: Director of External 
Зөв хариулт нь: Director of External Reporting
9 асуулт
3. a synonym for profitability (paragraph B) .............................
Answer: Financial performance 
Зөв хариулт нь: financial performance
10 асуулт
4. the documents that are produced for investors at the end of the accounting process (paragraph C)
.......................
Answer: report 
Зөв хариулт нь: reported accounts/final financial statements
11 асуулт
5. a synonym for the 'main methods of accounting' (paragraph C) ................
Answer: avoid anomalies 
Зөв хариулт нь: key accounting policies
12 асуулт
Not answered Бүтэн оноо 1.00
6. things which do not 'fit' in a company's accounts (paragraph C) ................
Answer: 
Зөв хариулт нь: anomalies


13 асуулт
7. rules which force companies to publish a specific piece of information in their accounts (paragraph D)
.......................
Answer: accounting policies 
Зөв хариулт нь: disclosure requirements
14 асуулт
8. the title of the manager with the greatest authority in the normal everyday management of a company
(paragraph B) ......................
Answer: CEO 
Зөв хариулт нь: Chief Executive Officer
15 асуулт
Complete the sentences with words or phrases in the article and write in the spaces.
1. Companies had to assess how they would have to ........ their accounting and reporting processes.
Answer: 
Зөв хариулт нь: alter
16 асуулт
2. They had to start by adjusting their ........ ........ ........ .
Answer: 
Зөв хариулт нь: key accounting policies

 17 асуулт
3. The ........ of ......... .......... has responsibility for how the company presents its accounts to the public.
Answer: 
Зөв хариулт нь: Director of External Reporting
18 асуулт
4. The public will use the .......... ........... to get a picture of the company's financial performance.
Answer: 
Зөв хариулт нь: reported accounts
19 асуулт
5. Companies need to fulfil all of the ........... ........... in their reported accounts in order to comply with IFRS.
Answer: potentiallu 
Зөв хариулт нь: disclosure requirements
20 асуулт
6. They must be careful not to publish any ........ in their accounts.
Answer: 
Зөв хариулт нь: anomalies
 Vocabulary Quiz 2 (ONLINE/SE Үсрэх ... Reading Skill Quiz 2 (ONLINE/S 

 Vocabulary Quiz 2. (ONLINE/SE… Үсрэх ... Reading Skill Quiz 2. (ONLINE/S… 
 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 3 - Reading Skill Quiz 2. (ONLINE/SEM 3)

Цаг авах 35 secs
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Read the email on

creative accounting. Decide if the statements below are true or false.
1. Accountants agree that creative accounting is a good thing.
True
False 
2 асуулт
2. Off-balance-sheet accounting is one way of creative accounting - there are others.

True 
False


3 асуулт
3. Creative accounting is sometimes used to try and attract more investors.

True 
False
4 асуулт
4. Accountants are allowed some flexibility in the way they present accounts.
True 
False
5 асуулт
5. Leasing is actually illegal.

True
False 
6 асуулт
6. Big profits mean paying less tax.

True
False 

7 асуулт

7. When a company leases an asset, the accountant doesn't have to include it in the accounts.
True
False 
 Reading Skill Quiz 1. (ONLINE/S… Үсрэх ... Listening Skill Quiz 1. (ONLINE/S… 
 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online Seminar 3 - Listening Skill Quiz 1. (ONLINE/SEM 3)
Started Thursday, October 13, 2022, 8:15 PM

Finished Thursday, October 13, 2022, 8:16 PM
Take time 22 secs
symbols 6.00/6.00
Dvn 2.00 ( 100 %) to 2.00
Comment
1 question
Listen to the conversation between the Managing Director (Charles) and the Financial Director (Sally).
Choose the correct answer according to the conversation.
1. Do Charles and Sally agree that their company has a debt problem?
Choose one:
a. No
b. Yes 

The correct answer is: Yes
2 questions
2. What are the consequences of the debt problem?

Choose one:
a. It is getting harder to attract new staff.
b. It is getting easier to attract new investment
c. It is getting harder to attract new investment 

The correct answer is: It is getting harder to attract new investment
3 асуулт
3. Why do they need a solution to the problem soon?

a. They are investing in a new factory in Germany. 

b. They are investing in a new factory in Greenland.

c. They are investing in a new factory in Georgia.

Зөв хариулт нь: They are investing in a new factory in Germany.
4 асуулт
4. How does Charles suggest they deal with it?

a. Lease the offices
b. Lease the assets 
c. Lease the equipment

Зөв хариулт нь: Lease the assets
5 асуулт
5. Has Charles made a final decision about what to do?

a. No 
b. Yes

Зөв хариулт нь: No
6 асуулт
6. Do we know whether Sally agrees with Charles's suggestion?

a. No 
b. Yes

Зөв хариулт нь: No
 Reading Skill Quiz 2 (ONLINE/S Үсрэх ... Listening Skill Quiz 2 (ONLINE/ 
 Reading Skill Quiz 2. (ONLINE/S… Үсрэх ... Listening Skill Quiz 2. (ONLINE/… 
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
Цаг авах 15 минут
Дvн 2.00 (92%)-с 1.84
1 асуулт
Listen to what these people say about financial statements and fill the gaps in the exercise.
Accountant: The financial statement of a company are the most important documents that a company
produces. Investors, c reditors  , banks, customers - everyone reads the statement. The accounts show
what a company does with its money, how p rofitable  it is, and how risk-worthy it is. And you can see
warning signs for the future. Out s tock  e xchange  depend on property prepared accounts.
Trader: I agree that the accounts of the company have a lot of information, but it's very hard to understand it all.
In my job, I need to know the f inancial  s ituation  of a company. People interested in the stock
exchanges r ely  o ources  [n] experts like me. But there are also many other s tuff 
[ources] of information. As for the accounting rules, they don't interest me me, or anyone else, at all. That's s
tuff  for the accountants.
Investor: All those numbers, and I haven't g ot  a c lue  what they all mean. Pages and
pages of them, and apparently they are often only 'estimates', or they can be i nterpreted  in one of many
ways. What's the p oint  when accountants t hemselves  can't agree on how to show the
numbers? Most of us need a lot more information and knowledge about a company than what we get in the
accounts.
Layman: Is it all ready that hard? Can't we just look at the profit or loss of the company to f ind  o
ut  how it's doing? I don't see all the f uss  . Accountants are there to tell us about the
numbers, and I thought that's what they do. They are t rained  to report these numbers, and it can;t be
that hard to c ount  up  everything that's happened.
Managing Director: This is e xactly  the problem. There are many ways to change the numbers to give a
better p icture  . Some of my peers have been guilty of doing just that. The accountants and auditors
have to t ake  r esponsibility  for the way that numbers are reported. Accountants and their work
are extremely important, they just need to make it all a little easier to understand.
 Listening Skill Quiz 1. (ONLINE/S… Үсрэх ... Writing/Speaking Skill Quiz. (O… 
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 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online Seminar 3 - Writing/Speaking Skill Quiz. (ONLINE/SEM 3)
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1 асуулт
Use verbs or nouns to complete the sentences.
I think there are some mistakes in the .................... calculation 
We need to make sure that our customers ................... us on time. pay 
The fund ....................... much better last year. This year has been very disappointing performed 
The problems in the Middle East have made it really difficult to ............... next year's turnover predict 
The ....................... into Eastern Europe looks good expansion 
The figures are little different to what we were .................. calculation 

Зөв хариултын тоо 5.
Зөв хариулт нь: I think there are some mistakes in the .................... → calculation, We need to make sure that our customers ................... us on time. → pay, The
fund ....................... much better last year. This year has been very disappointing → performed, The problems in the Middle East have made it really difficult
to ............... next year's turnover → predict, The ....................... into Eastern Europe looks good → expansion, The figures are little different to what we were
.................. → expecting
2 асуулт
Can you fill in the missing words?
questions just that got over ask

1. Norma has asked me to go over  some of the ratios I used in the report.
2. Everyone got  it?
3. Before you ask  ...
4. Is that  clear?
5. I was just  coming to that.
6. OK, is there are no questions  , I'd like to ......
 Listening Skill Quiz 2. (ONLINE/… Үсрэх ... Reading Comprehension 1. (O… 


 
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Эхлүүлсэн Tuesday, 25 October 2022, 12:46 PM

Дууссан Tuesday, 25 October 2022, 12:50 PM
Дvн 2.00 (96%)-с 1.92
1 асуулт
Click here to read the article Read the article and choose the best option to complete each statement. 1. The
problem for most entrepreneurs is that they do not have enough
a. money 
b. ideas
c. time

Зөв хариулт нь: money
2 асуулт
The riskiest type of company is

a. an established company 
b. a management buyout of part of a large existing company.
c. a start up

Зөв хариулт нь: an established company
3 асуулт
The main thing that an investor looks for is a startup company which
a. has an interesting product or service
b. will survive and make a healthy profit. 
c. will pay them back within the first year

Зөв хариулт нь: will survive and make a healthy profit.
 4 асуулт
The IRR (internet rate of return)

a. shows how profitable the investment is expected to be 
b. indicates how risky the investment could be
c. shows how popular the product or service will be

Зөв хариулт нь: shows how profitable the investment is expected to be
5 асуулт
Banks tend to prefer to lend money to low-risk companies.

True 
False
lines 7-14
6 асуулт
It is easier for potential investors to make investment decisions about a business which is already running.
True 
False
lines 15-17
7 асуулт
Innovation companies which have actually built a product or service are considered to be low-risk
investments.
True
False 
lines 30-32

8 асуулт
Investors in startup companies will not invest in risky ventures, however profitable they might potentially be.
True
False 
lines 42-46
9 асуулт
The IRR shows the rate of return on the investment for the first year.
True
False 
lines 48-51
10 асуулт
Start-up investors expect all their investments to succeed.

True
False 
lines 60-63
11 асуулт
market technical capital people company entrepreneur
Complete these word partnerships with words from the article. Use the definitions to help you.
1. start -up company  -Type of enterprise that finds it more difficult to find outside financiers.
2. start -up entrepreneur  - Person who sets up a new company 3. start -up capital  - Finance for a newly
set-up company 4. people  risk -If the managers running the company do not have the right experience or
ideas 5. technical  risk- If there is a fault with a new product or it does not do what it says it will do 6. market

 risk - If the product does not sell because either it is not in demand or there are too many other competing
products already on sale.
12 асуулт
Find phrases in the article which complete these sentences. Each word starts from second letter and no
CAPITAL LETTERS are used. EXAMPLE: p(roject).
1. Projects which promise a high rate of return are often also h igh  r isk  projects, likely to fail in the early
stages. (Paragraph A) 2. When the managers of a company decide to break away from that company and buy
part of it in order to run it separately, it is known as a m anagement  b uyout  . (Paragraph A). When the sales
of start-up companies start to rise quickly, this is known as hitting a f ast  g rowth  curve. (Paragraph B).
4. A company which develops a new product or service is known as an i nnovation  c ompanies  #ompany# .
(Paragraph B). 5. The i nternet  r ate  of r return  #eturn# is the figure most commonly used by
investors to judge whether a potential investment is a good idea or not. (Paragraph C). 6. Potential investors
need to study and have confidence in a start -up company`s b usiness  p lan  before thay will take the
risk of investing in it. (Paragraph D). 7. When investors invest in a range of companies, they are said to have a p
ortfolio  of i nvestments  . (Paragraph D). 8. Investors are only prepared to take the high risks associated
with investing in start -ups if they are likely to generate a h igh  r eturn  . (Paragraph D).
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1 асуулт
Click here to read the article
Read the article and say whether the statements are true or false
The luxury car market was doing well.

True
False 
Lines 1-3
2 асуулт
Porsche`s financial trading strategies were not at all risky.

True
False 
Line 11
3 асуулт
The gradual takeover of Volkswagen by Porsche had helped to make Porsche a lot of money.
True 
False
line 20-23
4 асуулт
Porsche was making more money from financial operations than it was from selling cars.
True 

False
lines 27-31
5 асуулт
Porsche would have no difficulty buying up the rest of the VW shares.

True
False 
6 асуулт
There was a clear risk that VW`s share price could fall in the future.
True 
False
Line 58-65
7 асуулт
HSBC agreed with Porsche`s valuation of its VW shares.

True
False 
Lines 66-71
8 асуулт
Use words and phrases to complete theses sentences. Each word starts from second letter and no CAPITAL LETTERS are
used. EXAMPLE: p(roject).
1. Porsche had been making a larger profit out of d erivatives  trading than it has out of selling cars. 2. Little by little, it had
bought up a large percentage of VW share o ptions  . 3. The outcome of Porsche`s European commission challenge to
the State of Lower Saxony`s b locking  m inority  of 20 percent would decide whether they continued to do this. 4. Up
to now, the demand for VW shares had been higher than supply. This s hare  s hortage  or short squeeze had kept their
prize very high. 5. However, if Porsche did not win its European court case, it would probably decide not to take its stake to
75%, and would c lose  its options p ositions  on the remaining VW shares. If it did not continue buying the shares,

their f ree  f loat  would increase significantly. 6. If this happened, the share prize would go down and Porsche would
have to w rite  them d own  . 7. In this case, Porsche might wish that it had focused only on its core skills and had not
entered into the world of f inancial  e ngineering  .
9 асуулт
Match these words and phrases with their meanings
options or futures belong to this group of instruments which often offer investors an easy way to make bets in markets that would otherwise be difficult to get access to
derivatives

the right to buy shares at a specific price in the future because you think that the market price will rise above that price
call option

the right to buy or sell shares, bonds, currencies or commodities at a particular price within a particular period of time or on a particular date in the future.
option

option the buying or selling of an option.
trade

to close
sell an option back at the current market price, or let it expire in order to reverse the original transaction or to exit the trade.
and option
position 
the right to sell shares at a specific price in the future, which you buy because you think prices will fall below that price.
put option


Зөв хариулт нь: derivatives → options or futures belong to this group of instruments which often offer investors an easy way to make bets in markets that would otherwise
be difficult to get access to, call option → the right to buy shares at a specific price in the future because you think that the market price will rise above that price, option
→ the right to buy or sell shares, bonds, currencies or commodities at a particular price within a particular period of time or on a particular date in the future., option
trade → the buying or selling of an option., to close and option position → sell an option back at the current market price, or let it expire in order to reverse the original
transaction or to exit the trade., put option → the right to sell shares at a specific price in the future, which you buy because you think prices will fall below that price.
 Reading Comprehension 1. (O… Үсрэх ... Listening Comprehension 1. (O… 

 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 4. - Listening Comprehension 1. (ONLINE/SEM 4)
Started Thursday, October 27, 2022, 2:55 PM

Finished Thursday, 27 October 2022, 3:02 PM
Take time 7 minutes and 3 seconds
symbols 12.00/15.00
Dvn 2.00 ( 80 %) to 1.60
1 question
Select the best definition of the word or phrase

'additional'
Choose one:
a. in addition to, extra 
b. carefully worked out, detailed or thorough
c. existing as an idea or as an approximate amount

The correct answer is: in addition to, extra
2 questions
Incorrect Scored 0.00 out of 1.00
' variance '

Choose one:
a. the ongoing administrative expenses of a business which cannot be matched to any specific business activity 
b. the difference between two figures
c. the process of creating set financial targets which should be met
Your answer is incorrect.

Зөв хариулт нь: the difference between two figures
3 асуулт
'management accounting'
a. the possibility of suffering harm or loss
b. the process of preparing management reports and accounts that provide accurate financial and statistical information 
c. the difference between two figures

Зөв хариулт нь: the process of preparing management reports and accounts that provide accurate financial and statistical information

4 асуулт
'benchmarks'
a. a person, partnership, organization, or business that has a legal and separately identifiable existence 
b. the transfer of control of a firm from one group of shareholders to another group of shareholders
c. a standard by which something can be measured or assessed

Зөв хариулт нь: a standard by which something can be measured or assessed
5 асуулт
'period'
a. the process of creating set financial targets which should be met
b. a standard by which something can be measured or assessed
c. an interval of time characterized by the occurrence of a certain condition, or event 

Зөв хариулт нь: an interval of time characterized by the occurrence of a certain condition, or event
6 асуулт
'forecast'
a. show, be a sign of
b. prepare a written version of
c. estimate or calculate in advance 

Зөв хариулт нь: estimate or calculate in advance
7 асуулт
'in-depth'
a. carefully worked out, detailed or thorough 
b. available to be used by somebody

c. in addition to, extra


Зөв хариулт нь: carefully worked out, detailed or thorough
8 асуулт
'indicate'
a. estimate or calculate in advance
b. prepare a written version of
c. show, be a sign of 

Зөв хариулт нь: show, be a sign of
9 асуулт
'takeover'
a. the transfer of control of a firm from one group of shareholders to another group of shareholders 
b. the possibility of suffering harm or loss
c. the ongoing administrative expenses of a business which cannot be matched to any specific business activity

Зөв хариулт нь: the transfer of control of a firm from one group of shareholders to another group of shareholders
10 асуулт
'draft'
a. estimate or calculate in advance
b. help, or make easier
c. prepare a written version of 

Зөв хариулт нь: prepare a written version of
11 асуулт

'assist'

a. show, be a sign of
b. help, or make easier 
c. estimate or calculate in advance

Зөв хариулт нь: help, or make easier
12 асуулт
'budgeting'
a. the process of creating set financial targets which should be met 
b. the difference between two figures
c. the transfer of control of a firm from one group of shareholders to another group of shareholders

Зөв хариулт нь: the process of creating set financial targets which should be met
13 асуулт
'entity'
a. the process of creating set financial targets which should be met
b. a standard by which something can be measured or assessed
c. a person, partnership, organization, or business that has a legal and separately identifiable existence 

Зөв хариулт нь: a person, partnership, organization, or business that has a legal and separately identifiable existence
14 асуулт
'overheads'
a. the process of preparing management reports and accounts that provide accurate financial and statistical information
b. a standard by which something can be measured or assessed 
c. the ongoing administrative expenses of a business which cannot be matched to any specific business activity

Зөв хариулт нь: the ongoing administrative expenses of a business which cannot be matched to any specific business activity

15 асуулт
'risk'
a. the ongoing administrative expenses of a business which cannot be matched to any specific business activity
b. the possibility of suffering harm or loss 
c. the process of creating set financial targets which should be met

Зөв хариулт нь: the possibility of suffering harm or loss
 Reading Comprehension 2. (O… Үсрэх ... Listening Comprehension 2. (… 

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Дvн 2.00 (83%)-с 1.67
1 асуулт
Listen to the audio recording and complete the gaps with correct words and phrases. No CAPITAL LETTERS are
used. EXAMPLE: project
Professional Relationships
Relationships are important in every aspect of your life, and this is equally true for those working in the
accounting profession. The accounting department is a key point of contact for both a company's customers
and suppliers  and as such the staff employed in the department must know how to deal with people in a
variety of situations. In this article we will examine how these staff should behave in certain situations, and why
very often they don't. Imagine you work as a purchase ledger clerk, you are in the middle of preparing a report
for your supervisor and you receive a phone call from one of your suppliers. The supplier wants to know why
their invoice hasn't been paid. What do you do?. When dealing with this kind of situation it is important to try to
satisfy the creditor  so that if the company uses them again there will be a good working relationship. Of
course, prompt payment of the outstanding  invoice is the best way to achieve this but it may not always be
possible so it is vital  that you are polite and explain the reasons for the late-payment of the invoice
honestly. If you are waiting for payment authorization  you should assure your supplier that you will try to
speed up the process. If you are holding  #withholding# payment for any reason, you must clarify why
this is happening and what is needed for payment to be made. Remember that a contented supplier is more
likely to agree to discounts, faster delivery terms  or any other requests which are made of them. Much of
the same can be true working as a sales ledger clerk. Imagine the situation where you are reconciling the sales
ledger and you notice that one of your customers has exceeded  their credit terms. You need to contact your
debtor and chase payment but again you have to remember that they are a customer so it is important that
they are treated well if you want them to use the company again. The first thing to do is to check the customers
record to see if this is a one-time event or if they have a history overseas  #arrears# . If this is the first time,
then the chances are it is either an oversight on the part of their accounts payable department or there is a
valid reason such as a discrepancy in the invoice - in either case a quick phone call to their accounts
department can sort it out. There is, however, the chance that the breach of payment terms is a result of
something more serious such as a dispute over the invoice  or goods received, or that the customer is
having cash-flow problems and is unable to pay the invoice. In this case, a phone call may not help and you
may be forced to refer the issue to your supervisor to resolve. It is not only external  relationships which are
important to the success of the accounting department, internal ones can be just as crucial and just as difficult
to maintain.
Take the case of the payroll clerk in a sales based company.
It is their duty to process the salaries, commissions and incentives  for all members of staff. This means
having good working relationships with all department managers responsible for providing information on the
amount of commissions and incentives to be paid to each staff member. These relationships are necessary to
ensure that all information can be processed in a timely manner, staff paid on time and tax remitted by the
correct deadline.
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 Listening Comprehension 1. (O… Үсрэх ... Vocabulary 1. (ONLINE/SEM 4) 

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Эхлүүлсэн Tuesday, 25 October 2022, 11:52 AM

Дvн 2.00 (100%)-с 2.00
1 асуулт
Match the following terms with the correct definitions.
a tax that governments impose on income generated by businesses and individuals within their jurisdiction.
income tax

corporate a levy placed on a firm's profit by the government.

tax

a legislated tax on specific goods or services at purchase such as fuel, tobacco, and alcohol.
excise tax

a consumption tax imposed by the government on the sale of goods and services.
sales tax

inheritance a tax imposed by certain states on those who inherit assets from the estate of a deceased person.
tax

value- a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.
added tax

property the annual amount paid by a land owner to the local government or the municipal corporation of his area. The property includes all tangible real estate property, his house, office building and the property he h
tax


Зөв хариулт нь: income tax → a tax that governments impose on income generated by businesses and individuals within their jurisdiction., corporate tax → a levy placed on a firm's profit by the government.,
excise tax → a legislated tax on specific goods or services at purchase such as fuel, tobacco, and alcohol., sales tax → a consumption tax imposed by the government on the sale of goods and services.,
inheritance tax → a tax imposed by certain states on those who inherit assets from the estate of a deceased person., value-added tax → a consumption tax placed on a product whenever value is added at
each stage of the supply chain, from production to the point of sale., property tax → the annual amount paid by a land owner to the local government or the municipal corporation of his area. The property
includes all tangible real estate property, his house, office building and the property he has rented to others.
2 асуулт
Read the following text about tax accounting and GAAP. Fill in gaps with the most appropriate words and phrases. Drag and drop in the text.
In the 21st century many laws and regulations have been standardized but there are still some standards which are specific to each country.
If you work in accounting in the US you will have heard of and understand tax accounting  , but your European
counterpart will have no idea what it is. Unlike a lot of countries where the generally accepted accounting principles (GAAP)
 is the only method for
calculating tax, accountants in America have two options; tax accounting and GAAP.
So to clear up the question: ‘What is the difference between GAAP and tax accounting?’
The primary difference between the methods is that under GAAP, all financial transactions must be recorded and accounted for whereas tax
accounting focuses on the transactions which have an impact on the tax situation of the company, with other transactions being omitted.
The Generally Accepted Accounting Principles is the compulsory method of accounting for a public company  . Tax
accounting can be similar, but with far more options available.
Knowing the differences between these two methods of accounting will help you determine the best method to use for your clients and your
business.
GAAP exists to provide accounting principles, standards and practices, which as a result of being standardised provides financial statements
capable of being compared amongst each other. The Internal Revenue Service (IRS) developed a tax accounting system to
levy  taxes against net earnings  or taxable income 
. Taxable income differs from revenue as defined by GAAP.
Depreciation  , the allocation of cost over the estimated useful life of an asset, also varies between the two methods.
Common depreciation methods under U.S. GAAP include straight line and reducing balance depreciation  . Tax accounting commonly
uses the Modified Accelerated Cost Recovery System, or MACRS, which uses declining percentages defined by the IRS. In addition, the IRS allows
taxpayers to expense a fixed asset  in the year of the purchase.
The accounting basis used in the production of financial statements determines how to report transactions and what information appears on the
finished financial statements. Under GAAP the only option is accrual basis accounting  . But the tax accounting system allows for
the use of cash, accrual or modified basis accounting. Developing and using the GAAP accounting system can be too expensive for small business,
so the IRS lets smaller companies account for their business transactions using alternative methods.
Using GAAP, unpaid due expenses accrue on the balance sheet. This results in an expense accrual, which is a liability to be paid at a later date. Tax
accounting does not need an accrual basis unless you report your company tax return as an accrual basis taxpayer.

The IRS imposes limits for both cash and modified basis accounting, which includes income and expense reporting limits as well as
revenue  limits.
Having highlighted the differences between the two systems, it is clear that the two are not equal and depending on your business one may be
better suited for your needs.
There are several reasons why so many small and medium sized enterprises (SME) use the tax accounting system over GAAP.
Tax accounting is significantly  simpler than GAAP, as instead of having to record every single transaction, only those
which impact on the tax situation are taken into consideration. This makes tax accounting the preferred method for the majority of CPA’s and SME’s.
Many firms use professional accountants to prepare the tax returns and financial statements. When the basis of the taxes differs from the financial
statements, more time is spent on the process, resulting in higher fees. Businesses often change to tax accounting basis when changes required by
GAAP are too expensive.
Most business owners have a degree of knowledge on income taxes because they usually check their returns and sign them. This knowledge should
be consistent with  tax accounting principles. Tax regulations use everyday language and easily understandable examples
as they are not just meant for experienced accountants but also business owners. GAAP rules are more technical and are designed for professionals
with wide financial knowledge who can fully understand and apply them.

If you work in accounting in the US you will have heard of and understand [tax accounting], but your European counterpart will have no idea what it is. Unlike a lot of countries where the [generally accepted
accounting principles (GAAP)] is the only method for calculating tax, accountants in America have two options; tax accounting and GAAP.
The primary difference between the methods is that under GAAP, all financial transactions must be recorded and accounted for whereas tax accounting focuses on the transactions which have an impact
on the tax situation of the company, with other transactions being omitted.
The Generally Accepted Accounting Principles is the compulsory method of accounting for a [public company]. Tax accounting can be similar, but with far more options available.
Knowing the differences between these two methods of accounting will help you determine the best method to use for your clients and your business.
GAAP exists to provide accounting principles, standards and practices, which as a result of being standardised provides financial statements capable of being compared amongst each other. The Internal
Revenue Service (IRS) developed a tax accounting system to [levy] taxes against [net earnings] or [taxable income]. Taxable income differs from revenue as defined by GAAP.
[Depreciation], the allocation of cost over the estimated useful life of an asset, also varies between the two methods. Common depreciation methods under U.S. GAAP include straight line and [reducing
balance depreciation]. Tax accounting commonly uses the Modified Accelerated Cost Recovery System, or MACRS, which uses declining percentages defined by the IRS. In addition, the IRS allows taxpayers
to [expense a fixed asset] in the year of the purchase.
The accounting basis used in the production of financial statements determines how to report transactions and what information appears on the finished financial statements. Under GAAP the only option is
[accrual basis accounting]. But the tax accounting system allows for the use of cash, accrual or modified basis accounting. Developing and using the GAAP accounting system can be too expensive for
small business, so the IRS lets smaller companies account for their business transactions using alternative methods.
Using GAAP, unpaid due expenses accrue on the balance sheet. This results in an expense accrual, which is a liability to be paid at a later date. Tax accounting does not need an accrual basis unless you
report your company tax return as an accrual basis taxpayer.
The IRS imposes limits for both cash and modified basis accounting, which includes income and expense reporting limits as well as [revenue] limits.
Having highlighted the differences between the two systems, it is clear that the two are not equal and depending on your business one may be better suited for your needs.
Tax accounting is [significantly] simpler than GAAP, as instead of having to record every single transaction, only those which impact on the tax situation are taken into consideration. This makes tax
accounting the preferred method for the majority of CPA’s and SME’s.
Many firms use professional accountants to prepare the tax returns and financial statements. When the basis of the taxes differs from the financial statements, more time is spent on the process, resulting in
higher fees. Businesses often change to tax accounting basis when changes required by GAAP are too expensive.
Most business owners have a degree of knowledge on income taxes because they usually check their returns and sign them. This knowledge should [be consistent with] tax accounting principles. Tax
regulations use everyday language and easily understandable examples as they are not just meant for experienced accountants but also business owners. GAAP rules are more technical and are designed
for professionals with wide financial knowledge who can fully understand and apply them.
 Listening Comprehension 2. (… Үсрэх ... Vocabulary 2. (ONLINE/SEM 4) 

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 4. - Vocabulary 2. (ONLINE/SEM 4)

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1 асуулт

Match the word or phrase with their definitions.
k t hi h i ' t k t d d t k h 
a market on which companies stocks are traded stock exchange 

the first sale of a company's stocks to the public flotation 
to guarantee to buy newly issued shares if no one else does to underwrite 
insolvent, unable to pay debts bankrupt 
the sale of the assets of a failed company liquidation 
shares that pay a guaranteed dividend preference shares 
the most common form of shares ordinary shares 
changing from a private company to a public one, quoted on a stock exchange going public 
a document describing a company and offering stocks for sale prospectus 
buyers of stocks investors 

Зөв хариулт нь: a market on which companies' stocks are traded
→ stock exchange, the first sale of a company's stocks to the public
→ flotation, to guarantee to buy newly issued shares if no one else does
→ to underwrite, insolvent, unable to pay debts
→ bankrupt, the sale of the assets of a failed company
→ liquidation, shares that pay a guaranteed dividend
→ preference shares, the most common form of shares
→ ordinary shares, changing from a private company to a public one, quoted on a stock exchange
→ going public, a document describing a company and offering stocks for sale
→ prospectus, buyers of stocks
→ investors
2 асуулт
Use the correct forms of the word complete the sentences below.
After three very profitable years, the company is planning to go  public  and we're offering
 100,000 shares  for sale. We've produced  a very attractive prospectus  , and although a leading
investment bank is underwriting the issue  , we don't think they'll have to buy any of the shares.

Use the correct forms of the word complete the sentences below.
After three very profitable years, the company is planning to [go] [public] and we're [offering] 100,000 [shares] for sale. We've [produced] a very
attractive [prospectus] , and although a leading investment bank is [underwriting] the [issue], we don't think they'll have to buy any of the shares.
 Vocabulary 1. (ONLINE/SEM 4) Үсрэх ... Writing. (ONLINE/SEM 4) 

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 4. - Writing. (ONLINE/SEM 4)
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1 асуулт
Study Figure 1 and the
summary at the bottom. Complete the summary with words are given.
Figure 1, which represents  the period  1955 to 1988, shows the relationship  between central
bank independence
 and inflation. Inflation figures  were averaged over the 33 years then correlated
 to an index of central bank independence. Bank independence was rated  on a scale of 1 to 4. The
least independent central bank was rated 1 whereas the most independent was rated 4.
If you look at the red line, you will see that the USA, Switzerland and Germany are clustered  around 4 on
the independence scale. They all have around  4% inflation. When you look at New Zealand, you will see
that it has 8% inflation, as well as being the least independent. Although Spain has just over 8% inflation, it
scores about 1.5 on the central bank independence scale. What the data  indicates is that there is a
positive correlation, for the period represented on the chart  , between central bank independence
and low inflation. However, for countries whose central banks subsequently  adopted inflation targeting ,
the data shown has changed significantly  .

Study Figure 1 and the
summary at the bottom. Complete the summary with words are given.
Figure 1, which [represents] the [period] 1955 to 1988, shows the [relationship] between central bank [independence] and inflation. Inflation [figures]
were averaged over the 33 years then [correlated] to an index of central bank independence. Bank independence was [rated] on a scale of 1 to 4. The
least independent central bank was rated 1 whereas the most independent was rated 4.
If you look at the red line, you will see that the USA, Switzerland and Germany are [clustered] around 4 on the independence scale. They all have
[around] 4% inflation. When you look at New Zealand, you will see that it has 8% inflation, as well as being the least independent. Although Spain has just
over 8% inflation, it scores about 1.5 on the central bank independence scale. What the [data] indicates is that there is a positive correlation, for the
period represented on the [chart], between central bank independence and low inflation. However, for countries whose central banks [subsequently]
adopted inflation [targeting], the data shown has changed [significantly].
 Vocabulary 2. (ONLINE/SEM 4) Үсрэх ... Reading skill - (ONL.SEM 5) 

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 5 - Reading skill - (ONL.SEM 5)
Эхлүүлсэн Thursday, 10 November 2022, 7:29 PM

Дууссан Thursday, 10 November 2022, 7:41 PM
Дvн 2.00 (27%)-с 0.53
1 асуулт
Click here to read PDF article
Read the article on the opposite page and answer these questions. Identify the part of the article that gives this information.
1 How are some of the UK accounting bodies helping to develop the accountancy profession overseas with local institutes?
By developing partnerships with local institutes and an internationa 
2 What does ACCA think about the fact that some of the accounting organisations it is supporting will most probably become its
competitors in the future? It doesn't matter 
3 As well as accountancy, which other area of training has CIMA identified as being essential to overseas accountants?
Language training 
4 Robert Jelly mentions that there is a growing need for a common set of accounting qualifications around the world. What reasons does
he give for this? Finance processes are being outsourced to a variety of countries 
5 Which set of accounting standards is in the process of being adopted by over a hundred countries?
International Financial Reporting Standards 
6 What benefit would a well-established accounting profession bring to developing economies?
To help build economic system 
7 In spite of UK help, what is the most important factor in the development of a strong accounting profession in developing countries,
according to Neil Wallace? Local control 
D
The answers of students can be different in words, but must have same meaning
2 асуулт
Find words or phrases in the article which fit these meanings.
1 An area of work that needs advanced education and specific training (paragraph A)
accountancy p ...........
Answer: profession 
Зөв хариулт нь: profession

3 асуулт

2 Official organisations which represent people of a particular profession (paragraph B) a) accountancy b........
b) accountancy i ... .... .
Answer: building institute 
Зөв хариулт нь: bodies institutes
4 асуулт
3 The set of new accounting rules that over 100 countries have adopted or are in the process of adopting
(paragraph F) I. . . . .. .. F........ R. ....... s ....... .
Answer: International Financial Reporting Standarts. 
Зөв хариулт нь: International Financial Reporting Standards
5 асуулт
4 A person or organisation chosen by the government to ensure that an industry or system operates legally or
fairly (paragraph F)
r. . . . . . . .
Answer: regulators 
Зөв хариулт нь: regulator
6 асуулт
5 Someone who has a responsible position in a government organisation (paragraph F) 9. .. . . . .. 0 ....... .
Answer: government officials 
Зөв хариулт нь: government official
7 асуулт
6 Official body of auditors who check that a company's financial report is true and honest (paragraph I)
6 Official body of auditors, who check that a company s financial report is true and honest (paragraph I)

c ........ of auditors
Answer: chamber of auditors 
Зөв хариулт нь: chamber
8 асуулт
Find different forms of the word develop in the article and use them to complete these sentences.
1 ICAS is working in Armenia and Kazakhstan to help ........ the profession.
Answer: develop 
Зөв хариулт нь: develop
9 асуулт
2 Several institutes have been doing .. ...... work in Eastern Europe.
Answer: development 
Зөв хариулт нь: development
10 асуулт
3 ........ nations need a strong accountancy profession.
Answer: Developing 
Зөв хариулт нь: Developing
11 асуулт
4 Accountancy is a fast-........ profession.
Answer: developing 
Зөв хариулт нь: developing


12 асуулт
5 There is much talk of ........ an international reputation for the qualifications that overseas institutes offer.
Answer: developing 
Зөв хариулт нь: developing
13 асуулт
3 'Finance processes are being outsourced .. .' (lines 43-44)

a. b) carried out by another country
b. a) carried out by another company 

Зөв хариулт нь: a) carried out by another company
14 асуулт
4 'These are the accounting rules now accepted or in the process of being adopted by more than 100 countries.'
(lines 53-56)
a. a) used for the first time 
b. b) changed

Зөв хариулт нь: a) used for the first time
15 асуулт
Find different forms of the word develop in the article and use them to complete these sentences.
1 ICAS is working in Armenia and Kazakhstan to help ........ the profession.
Answer: develop 
Зөв хариулт нь: develop
16 асуулт

Match the sentence halves to make sentences.
CIMA is establishing joint ventures with a number of overseas institutes. 
The demands and pressures on the global profession are increasing. 
Finance processes are being outsourced overseas to a variety of countries. 
ICAEW is developing its members and the firms they work in. 
ClMA is studying the accounting profession of Bangladesh. 
International audit standards are proving challenging in developing nations. 
ICAS is bringing Russian speakers together to discuss IFRS. 

Зөв хариулт нь: CIMA is establishing → joint ventures with a number of overseas institutes., The demands and pressures on the global profession → are
increasing., Finance processes are → being outsourced overseas to a variety of countries., ICAEW is developing → its members and the firms they work
in., ClMA is studying → the accounting profession of Bangladesh., International audit standards are proving challenging → in developing nations., ICAS is
bringing Russian speakers together → to discuss IFRS.
17 асуулт
Choose the best explanation for each phrase from the article.
1 'The main part of our growth strategy is employer-led.' (lines 40-41)

a. heavily influenced by employers 
b. followed by employers b) heavily influenced by employers

Зөв хариулт нь: heavily influenced by employers
18 асуулт
2 'There has been a huge shift in the finance function.' (lines 42-43)
a. a long working period b) a big move
b. b) a big move 

Зөв хариулт нь: b) a big move
Save the state of the flags
 Writing. (ONLINE/SEM 4) Үсрэх ... Quiz for Tax Accounting. (ONL.… 
 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 5 - Quiz for Tax Accounting. (ONL.SEM 5)

Дvн 2.00 (100%)-с 2.00
1 асуулт
Match the following terms with the correct definitions.
a tax that governments impose on income generated by businesses and individuals within their jurisdiction.
income tax

inheritance a tax imposed by certain states on those who inherit assets from the estate of a deceased person.
tax

property the annual amount paid by a land owner to the local government or the municipal corporation of his area. The property includes all tangible real estate property, his house, office building and the property he h
tax

a consumption tax imposed by the government on the sale of goods and services.
sales tax

value- a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.
added tax

a legislated tax on specific goods or services at purchase such as fuel, tobacco, and alcohol.
excise tax

corporate a levy placed on a firm's profit by the government.

tax


Зөв хариулт нь: income tax → a tax that governments impose on income generated by businesses and individuals within their jurisdiction., inheritance tax → a tax imposed by certain states on those who
inherit assets from the estate of a deceased person., property tax → the annual amount paid by a land owner to the local government or the municipal corporation of his area. The property includes all
tangible real estate property, his house, office building and the property he has rented to others., sales tax → a consumption tax imposed by the government on the sale of goods and services., value-added
tax → a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale., excise tax → a legislated tax on specific goods or services at
purchase such as fuel, tobacco, and alcohol., corporate tax → a levy placed on a firm's profit by the government.
2 асуулт
If you work in accounting in the US you will have heard of and understand tax accounting  , but your European
counterpart will have no idea what it is. Unlike a lot of countries where the generally accepted accounting principles (GAAP)
 is the only method for
calculating tax, accountants in America have two options; tax accounting and GAAP.
The primary difference between the methods is that under GAAP, all financial transactions must be recorded and accounted for whereas tax
accounting focuses on the transactions which have an impact on the tax situation of the company, with other transactions being omitted.
The Generally Accepted Accounting Principles is the compulsory method of accounting for a public company  . Tax
accounting can be similar, but with far more options available.
Knowing the differences between these two methods of accounting will help you determine the best method to use for your clients and your
business.
GAAP exists to provide accounting principles, standards and practices, which as a result of being standardised provides financial statements
capable of being compared amongst each other. The Internal Revenue Service (IRS) developed a tax accounting system to
levy  taxes against net earnings  or taxable income 
. Taxable income differs from revenue as defined by GAAP.
Depreciation  , the allocation of cost over the estimated useful life of an asset, also varies between the two methods.
Common depreciation methods under U.S. GAAP include straight line and reducing balance depreciation  . Tax accounting commonly
uses the Modified Accelerated Cost Recovery System, or MACRS, which uses declining percentages defined by the IRS. In addition, the IRS allows
taxpayers to expense a fixed asset  in the year of the purchase.
The accounting basis used in the production of financial statements determines how to report transactions and what information appears on the
finished financial statements. Under GAAP the only option is accrual basis accounting  . But the tax accounting system allows for
the use of cash, accrual or modified basis accounting. Developing and using the GAAP accounting system can be too expensive for small business,
so the IRS lets smaller companies account for their business transactions using alternative methods.
Using GAAP, unpaid due expenses accrue on the balance sheet. This results in an expense accrual, which is a liability to be paid at a later date. Tax
accounting does not need an accrual basis unless you report your company tax return as an accrual basis taxpayer.

The IRS imposes limits for both cash and modified basis accounting, which includes income and expense reporting limits as well as
revenue  limits.
Having highlighted the differences between the two systems, it is clear that the two are not equal and depending on your business one may be
better suited for your needs.
Tax accounting is significantly  simpler than GAAP, as instead of having to record every single transaction, only those
which impact on the tax situation are taken into consideration. This makes tax accounting the preferred method for the majority of CPA’s and SME’s.
Many firms use professional accountants to prepare the tax returns and financial statements. When the basis of the taxes differs from the financial
statements, more time is spent on the process, resulting in higher fees. Businesses often change to tax accounting basis when changes required by
GAAP are too expensive.
Most business owners have a degree of knowledge on income taxes because they usually check their returns and sign them. This knowledge should
be consistent with  tax accounting principles. Tax regulations use everyday language and easily understandable examples
as they are not just meant for experienced accountants but also business owners. GAAP rules are more technical and are designed for professionals
with wide financial knowledge who can fully understand and apply them.

If you work in accounting in the US you will have heard of and understand [tax accounting], but your European counterpart will have no idea what it is. Unlike a lot of countries where the [generally accepted
accounting principles (GAAP)] is the only method for calculating tax, accountants in America have two options; tax accounting and GAAP.
The primary difference between the methods is that under GAAP, all financial transactions must be recorded and accounted for whereas tax accounting focuses on the transactions which have an impact
on the tax situation of the company, with other transactions being omitted.
The Generally Accepted Accounting Principles is the compulsory method of accounting for a [public company]. Tax accounting can be similar, but with far more options available.
Knowing the differences between these two methods of accounting will help you determine the best method to use for your clients and your business.
GAAP exists to provide accounting principles, standards and practices, which as a result of being standardised provides financial statements capable of being compared amongst each other. The Internal
Revenue Service (IRS) developed a tax accounting system to [levy] taxes against [net earnings] or [taxable income]. Taxable income differs from revenue as defined by GAAP.
[Depreciation], the allocation of cost over the estimated useful life of an asset, also varies between the two methods. Common depreciation methods under U.S. GAAP include straight line and [reducing
balance depreciation]. Tax accounting commonly uses the Modified Accelerated Cost Recovery System, or MACRS, which uses declining percentages defined by the IRS. In addition, the IRS allows taxpayers
to [expense a fixed asset] in the year of the purchase.
The accounting basis used in the production of financial statements determines how to report transactions and what information appears on the finished financial statements. Under GAAP the only option is
[accrual basis accounting]. But the tax accounting system allows for the use of cash, accrual or modified basis accounting. Developing and using the GAAP accounting system can be too expensive for
small business, so the IRS lets smaller companies account for their business transactions using alternative methods.
Using GAAP, unpaid due expenses accrue on the balance sheet. This results in an expense accrual, which is a liability to be paid at a later date. Tax accounting does not need an accrual basis unless you
report your company tax return as an accrual basis taxpayer.
The IRS imposes limits for both cash and modified basis accounting, which includes income and expense reporting limits as well as [revenue] limits.
Having highlighted the differences between the two systems, it is clear that the two are not equal and depending on your business one may be better suited for your needs.
Tax accounting is [significantly] simpler than GAAP, as instead of having to record every single transaction, only those which impact on the tax situation are taken into consideration. This makes tax
accounting the preferred method for the majority of CPA’s and SME’s.
Many firms use professional accountants to prepare the tax returns and financial statements. When the basis of the taxes differs from the financial statements, more time is spent on the process, resulting in
higher fees. Businesses often change to tax accounting basis when changes required by GAAP are too expensive.
Most business owners have a degree of knowledge on income taxes because they usually check their returns and sign them. This knowledge should [be consistent with] tax accounting principles. Tax
regulations use everyday language and easily understandable examples as they are not just meant for experienced accountants but also business owners. GAAP rules are more technical and are designed
for professionals with wide financial knowledge who can fully understand and apply them.
3 асуулт
Fill in the gaps in the extract from the discussion.
Uta: We're going to take  this further. I'm afraid I can't agree with your comments  .
IRS: Look. I'm sorry  this conversation  is going nowhere. I suggest you
make a submission  and send it to our office  . We can then consider your arguments  in detail.
Uta: Fine. I'll do it today. Thanks for your time  .

y y
 Reading skill - (ONL.SEM 5) Үсрэх ... Vocabulary activity. (ONL.SEM … 

 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 5 - Vocabulary activity. (ONL.SEM 5)
Started Thursday, November 10, 2022, 8:43 PM

Finished Thursday, November 10, 2022, 8:54 PM
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1 question
Not entirely correct Scored 10.00 out of 15.00
Match the following meanings with the correct terms.
cash cash 
liquidity convertible 
account value book value 
compensation Choice...
amortization depletion 
due date due 
pre payment advance 
discount Choice...
collateral first mortgage 
invoice claim 
by-products by-product 
confirmation convention 
usage coverage 
tradition certifying 
exclusive rights franchise 

The number of correct answers is 10.
Зөв хариулт нь: мөнгөн хөрөнгө → cash, хөрвөх чадвар → convertible, дансны үнэ → book value, нөхөгдөлт → coverage, хорогдуулга → depletion, төлөх
хугацаа → due, урьдчилгаа → advance, хөнгөлөлт → allowance, барьцаалал → first mortgage, нэхэмжлэл → claim, дайвар бүтээгдэхүүн → by-product,
батлалт → certifying, ашиглалт → exploitation, уламжлал → convention, онцгой эрх → franchise
2 асуулт
Write the terms for each given meaning as you memorized. Use small letters to write each terms.
1. онцгой эрх авсан газар
Answer: franchise 
Зөв хариулт нь: franchisee

3 асуулт
2. хаяас
Answer: 
Зөв хариулт нь: goodwill
4 асуулт
3. төлбөрийн чадвар алдалт
Answer: insolvent 
Зөв хариулт нь: insolvency
5 асуулт
4. онцгой татвар
Answer: excise tax 
Зөв хариулт нь: excise tax
6 асуулт
5. ноогдол ашиг
Answer: dividend 
Зөв хариулт нь: dividend
 Quiz for Tax Accounting. (ONL.… Үсрэх ... Taxation 
 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 6 - Vocabulary. (ONL.SEM 6)

Дvн 2.00 (100%)-с 2.00
1 асуулт
Match the words with definitions
shares that companies have bought back from their owners own shares 
changing from a private company to a public one, quoted on a stock exchange going public 
a market on which companies' stocks are traded stock exchange 
new shares offered to existing shareholders rights issue 
the price is written on a share, which never changes nominal value 
the market on which new shares are sold primary market 
insolvent, unable to pay debts bankrupt 
the market on which shares can be re-sold secondary market 
the sale of the assets of a failed company liquidation 
buyers of stocks investors 
the first sale of a company's stocks to the public flotation 
the price at which a share is currently being traded market price 
to guarantee to buy newly issued shares if no one else does to underwrite 
A document describing a company and offering stocks for sale prospectus 
shares that pay a guaranteed dividend preference shares 
the most common form of shares ordinary shares 
to turn profits into stocks or shares to capitalize 

Зөв хариулт нь: shares that companies have bought back from their owners
→ own shares, changing from a private company to a public one, quoted on a stock exchange
→ going public, a market on which companies' stocks are traded
→ stock exchange, new shares offered to existing shareholders
→ rights issue, the price is written on a share, which never changes
→ nominal value, the market on which new shares are sold
→ primary market, insolvent, unable to pay debts
→ bankrupt, the market on which shares can be re-sold
→ secondary market, the sale of the assets of a failed company
→ liquidation, buyers of stocks
→ investors, the first sale of a company's stocks to the public
→ flotation, the price at which a share is currently being traded
→ market price, to guarantee to buy newly issued shares if no one else does
→ to underwrite, A document describing a company and offering stocks for sale

→ prospectus, shares that pay a guaranteed dividend
→ preference shares, the most common form of shares
→ ordinary shares, to turn profits into stocks or shares
→ to capitalize
 Polite language Үсрэх ... Reading. (ONL.SEM 6) 

 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 6 - Reading. (ONL.SEM 6)
Started Thursday, November 24, 2022, 12:34 PM

Finished Thursday, November 24, 2022, 12:39 PM
symbols 5.00/5.00
Dvn 2.00 ( 100 %) to 2.00
Information
1 question
Stocks that have already been bought at least once are traded on the primary market.
Choose one:
True
False 
The correct answer is 'No'
2 questions


NASDAQ and the AIM have more regulations than the New York Stock Exchange and the London Stock
Exchange.
Choose one:
True
False 
3 questions
The market price of stocks depends on how many buyers and sellers there are.
Choose one:
True 
False
The correct answer is 'Yes'
4 questions
Automatic trading systems do not require market makers.

Choose one:
True 
False
5 questions
Market makers make a profit from the difference between their bid and offer prices.
Choose one:
True 
False
Complete review
 Vocabulary. (ONL.SEM 6) Үсрэх ... Writing. (ONL.SEM 6) 
 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 6 - Writing. (ONL.SEM 6)
Эхлүүлсэн Thursday, 24 November 2022, 11:59 AM

Дvн 2.00 (100%)-с 2.00
1 асуулт

The number of
hedge funds remained stable  in 1991-92 but has risen regularly  ever since. Although the number of funds
increased rapidly
 between 1992 and 1997 the assets of the funds only grew slowly  . There were
sharp increases  in hedge funds' total assets in 1999 and 2003.


The number of hedge funds [remained stable ] in 1991-92 but has [risen regularly ] ever since. Although
the number of funds [increased rapidly ] between 1992 and 1997 the assets of the funds only [grew slowly ]. There were [sharp increases] in hedge funds'
total assets in 1999 and 2003.
 Reading. (ONL.SEM 6) Үсрэх ... Organizational patterns 

 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 7
- Reading Comprehension and Vocabulary Exercises related to Investment. (ONL.SEM 7)
Started Thursday, December 8, 2022, 10:50 PM

Finished Thursday, December 8, 2022, 10:55 PM
symbols 31.00/31.00
Dvn 2.00 ( 100 %) to 2.00
1 question
Click here to read the article

Read the article and choose whether these statements are true or false.
1. The next major wave of Chinese mergers and acquisition activity will be internal.
Choose one:
True 
False
See lines 9-13

2 questions
2. Many Chinese retail firms are too small to be interesting to overseas firms, from an investment perspective.
Choose one:
True 
False
See lines 34-39

3 questions
3. China has tried to control its manufacturing costs through outbound acquisition.
Choose one:
True 
False
See lines 43-46

4 асуулт
4 асуулт

4. China's overseas investment will only be made by state-funded firms in the future.
True
False 
See lines 52-54

5 асуулт
5. Overseas investment by Chinese firms is likely to involve moving production sites to China in order to reduce
costs.
True 
False
See lines 54-55

6 асуулт
6. China is low on financial reserves.

True
False 
See lines 64-65

7 асуулт
7. A few years ago, Chinese banks had very little spare cash.
True 
False
See lines 67-69


8 асуулт
8. Overseas banks have provided China with risk-management expertise in the past.
True 
False
See lines 69-73

9 асуулт
Match these words from the article with their meanings.
lender bank 
breakneck extremely fast 
scale size 
liquidity cash 
broke bankrupt 
(to grow) organically without buying other business 

Зөв хариулт нь: lender → bank, breakneck → extremely fast, scale → size, liquidity → cash, broke → bankrupt, (to grow) organically → without buying other
business
10 асуулт
Match these words to make word partnerships from the article.
foreign investment 
economic growth 
hostile bid 
regulatory reform 
corporate financiers 
financial services 
investment opportunities 
global brands 
risk management 
 Your answer is correct.
Зөв хариулт нь: foreign → investment, economic → growth, hostile → bid, regulatory → reform, corporate → financiers, financial → services, investment →
opportunities, global → brands, risk → management
11 асуулт
Complete these phrases using the prepositions given below.
1. to open up  fresh areas for  overseas investors
2. to invest heavily in  overseas iron ore, steel and coal mines
3. to relocate production to  lower-cost mainland factories
4. to advise Chinese companies on  their overseas mergers and acquisitions
5. to acquire stakes in  domestic lenders
6. to sell out  to 

Complete these phrases using the prepositions given below.
1. to open [up] fresh areas [for] overseas investors
2. to invest heavily [in] overseas iron ore, steel and coal mines
3. to relocate production [to] lower-cost mainland factories
4. to advise Chinese companies [on] their overseas mergers and acquisitions
5. to acquire stakes [in] domestic lenders
6. to sell [out] [to]
 Organizational patterns Үсрэх ... Writing activity - Sentence tra… 

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 7 - Writing activity - Sentence translation. (ONL.SEM 7)
Эхлүүлсэн Thursday, 8 December 2022, 10:40 PM

Дууссан Thursday, 8 December 2022, 10:44 PM
Дvн Дүн тавьж амжаагүй
1 асуулт
Complete Бүтэн оноо 10.00
Translate the following sentences into English by following the directions in brackets.
1. Удирдлагын бүртгэл нь шаардлагатай мэдээллийн бүх эх үүсвэрийг ашиглан судалгаа шинжилгээ хийж, түүндээ
тулгуурлан цаашдын үйл ажиллагааны төсөв төлөвлөгөө зохиох удирдлагын оновчтой шийдвэр гаргах зэрэгт
ашигладаг дотоод мэдээллийн систем юм. (Use relative clause and reduce it)
2. Аж ахуйн нэгж, байгууллагын санхүүгийн тайлан гаргах хугацаа нь тухайн оны 01 дүгээр сарын 01-ний өдрөөс эхэлж,
12 дугаар сарын 31-ний өдрөөр дуусгавар болно. (Use relative clause)
3. Орчин үед өртгийн удирдлага нь байгууллагын удирдлагын болон гадны хэрэглэгчдийн шийдвэр гаргалтыг дэмжих
үндсэн зорилготой нягтлан бодох бүртгэлийн шинэ салбар болон хөгжиж байна. (Use relative clause and reduce it)
4. Үнэ нь зах зээл дээр өсдөг тул зарим хүмүүс амьдрах орон сууцаа хөрөнгө оруулалт гэж үздэг. (Use adverb clause)
5. Аливаа нэг байгууллага ашиг олох зорилгоор хөрөнгө оруулалт хийхийн тулд авсан зээлийн нийт зардлаас илүү их
орлого олох шаардлагатай болно. (Use adverb clause)
1. Management accounting is an internal system for conducting research and analysis using all sources of information and based on it,
making management decisions on budget plans for further activities.
2. The financial reporting period of enterprises and organizations starts from January 1st of the current year and ends on December 31st.
3. Nowadays, cost management is developing as a new branch of accounting with the main purpose of supporting the decision-making
of the organization's management and external users.
4. Some people consider their home to be an investment because prices tend to rise in the market.
5. In order for any organization to invest for profit, it will need to earn more than the total cost of borrowing.

 Reading Comprehension and … Үсрэх ... Vocabulary activity. (ONL.SEM … 

 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 7 - Vocabulary activity. (ONL.SEM 7)
Started Thursday, December 8, 2022, 10:44 PM

Finished Thursday, December 8, 2022, 10:49 PM
Dvn 2.00 ( 100 %) to 2.00
1 question
Match the following Mongolian meanings with the given terms.
purchase purchasing 
order order 
securities securities 
In short supply wasting 
able to pay solvent 
seller vendor 
sales realization 
influence leverage 
bonus stimulation 
transition preference 
trademark trademark 
collateral mortgage 
guarantee of rights warrants 
assessment qualifying 
lag wear obsolescence 

Зөв хариулт нь: худалдан авалт → purchasing, захиалга → order, үнэт цаас → securities, хомсдолт → wasting, төлбөрийн чадвартай → solvent, худалдагч →
vendor, борлуулалт → realization, нөлөөнд автагдалт → leverage, урамшуулал → stimulation, шилэлт → preference, худалдааны тэмдэг → trademark,
барьцаа → mortgage, эрхийн баталгаа → warrants, үнэлэлт → qualifying, хоцрогдлын элэгдэл → obsolescence
 Writing activity - Sentence tra… Үсрэх ... Listening activity. (ONL.SEM 7) 

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 7 - Listening activity. (ONL.SEM 7)
Эхлүүлсэн Thursday, 8 December 2022, 10:56 PM

Дууссан Thursday, 8 December 2022, 10:57 PM
Дvн 2.00 (100%)-с 2.00
1 асуулт
rocket
a. to increase or rise quickly 
b. to fail to pay interest or other money that is owed
c. to put money into a range of different types of investment to reduce risk

Зөв хариулт нь: to increase or rise quickly
2 асуулт
blue-chip
a. likely to change suddenly and unexpectedly
b. not easily changed or damaged
c. considered to be a safe investment because of previous performance 

Зөв хариулт нь: considered to be a safe investment because of previous performance
3 асуулт
volatile
a. considered to be a safe investment because of previous performance
b. not easily changed or damaged
c. likely to change suddenly and unexpectedly 

Зөв хариулт нь: likely to change suddenly and unexpectedly
4
4 асуулт

startup
a. profit produced by an investment
b. a business that has just started 
c. substances or products which can be traded in large quantities

Зөв хариулт нь: a business that has just started
5 асуулт
'bonds
a. a business that has just started
b. an amount of money that a government or individual borrows and agrees to repay at a certain date with a certain amount of

interest
c. the time when an investment becomes ready to be paid

The correct answers are: an amount of money that a government or individual borrows and agrees to repay at a certain date with a certain amount of
interest, a business that has just started
6 асуулт
'resistant'
a. not easily changed or damaged 
b. considered to be a safe investment because of previous performance
c. likely to change suddenly and unexpectedly

Зөв хариулт нь: not easily changed or damaged
7 асуулт
'plummet'
a. to fail to pay interest or other money that is owed
b. to put money into a range of different types of investment to reduce risk
t d d f ll idl
c. to drop, decrease or fall very rapidly 

Зөв хариулт нь: to drop, decrease or fall very rapidly
8 асуулт
'default'
a. to increase or rise quickly
b. to put money into a range of different types of investment to reduce risk
c. to fail to pay interest or other money that is owed 

Зөв хариулт нь: to fail to pay interest or other money that is owed
9 асуулт
Portfolio
a. a collection of different investments owned by a person or company 
b. substances or products which can be traded in large quantities
c. (also known as a tracker) a sum of money invested in a stock index, for either an entire market or a segment of that market

Зөв хариулт нь: a collection of different investments owned by a person or company
10 асуулт
'slump'
a. an amount of money that a government or individual borrows and agrees to repay at a certain date with a certain amount of
interest
b. a period of low economic activity 
c. a business that has just started

Зөв хариулт нь: a period of low economic activity
 Vocabulary activity. (ONL.SEM … Үсрэх ... READING SKILL. (Online Sem 8) 
 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 8. - READING SKILLS. (Online Sem 8)
Started Tuesday, December 13, 2022, 12:33 PM

Finished Tuesday, December 13, 2022, 12:37 PM
symbols 20.25/24.00
Dvn 2.00 ( 84 %) to 1.69
1 question
Mark these statements T (true) or F (false) according to the information in the text.
The UK is definitely going to have big economic problems.

Choose one:
True
False 
2 questions

The UK's usual economic problem is with inflation.

Choose one:
True 
False
3 questions
It is difficult for UK manufacturers to compete both at home and abroad.

Choose one:
True 
False
4 questions
The deflation cycle has already started.

Choose one:
True
False 
5 questions
Match the words with similar meanings.
fall drop 
job losses unemployment 
battle struggle 
shrink contract 
producer manufacturer 

Зөв хариулт нь: fall
→ drop, job losses
→ unemployment, battle
→ struggle, shrink
→ contract, producer
→ manufacturer
→ manufacturer
6 асуулт
Choose the best explanation for each of these words or phrases from the text.
tip the manufacturing sector into recession (line 18)
a. suggest that recession might happen
b. cause it to fall into recession 

Зөв хариулт нь: cause it to fall into recession
7 асуулт
hit other parts of the economy (line 22)
a. have a bad effect on other parts of the economy 
b. have a good effect on other parts of the economy

Зөв хариулт нь: have a bad effect on other parts of the economy
8 асуулт
eroded the competitiveness (line 30)
a. suddenly reduced
b. gradually reduced 

Зөв хариулт нь: gradually reduced
9 асуулт
keeping the economy turning over (line 45)
a. maintaining a cycle of production and spending 
b. threatening the health of the economy

Зөв хариулт нь: maintaining a cycle of production and spending

10 асуулт
take hold (line 74)
a. disappear
b. become established 

Зөв хариулт нь: become established
11 асуулт
Find a word or phrase in the texts that has a similar meaning. The first letter is given.
1. prices charged by manufacturers for finished goods (para 4): f actory  g ate  p
rices  .
2. people or businesses that sell goods directly to the public (para 6): r etailers  .
3. money paid out by each family (para 6): h ousehold  s pending  .
4. profit made by a business compared with the amount of capital expenditure (para 10): r eturns  on
i nvestment  .
5. interest that has to be paid on a loan (para 10): c ost  of b orrowing 

 Listening activity. (ONL.SEM 7) Үсрэх ... Listening Skill (Online Sem 8) 

 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 8. - Listening Skill (Online Sem 8)
Started Tuesday, December 13, 2022, 12:55 PM

Finished Tuesday, 13 December 2022, 1:00 PM
symbols 19.00/19.00
Dvn 2.00 ( 100 %) to 2.00
1 question
Listen to an interview.
Choose three answers from the following that the speaker mentioned.
a. The objectives of the FSA. 
b. The formation of the FSA. 
c. The companies that are part of the FSA.
d. How banks are changing. 
e. Regulating consumers.

The correct answers are: The formation of the FSA.
, How banks are changing.
, The objectives of the FSA.
2 асуулт
Match the words with their definitions.
following rules and regulations compliance 
according to a law or regulation statutory 
working with companies and institutions, and not personal or retail customers wholesale 
watching over people or an organization to make sure they are behaving correctly supervision 
other institutions in an agreement, contract or transaction counterparties 
authorization given to an organization to carry out specific responsibilities mandate 

Зөв хариулт нь: following rules and regulations
→ compliance, according to a law or regulation
→ statutory, working with companies and institutions, and not personal or retail customers
→ wholesale, watching over people or an organization to make sure they are behaving correctly
→ supervision, other institutions in an agreement, contract or transaction
→ counterparties, authorization given to an organization to carry out specific responsibilities

→ mandate

3 асуулт
LISTEN AND MARK THE

STATEMENT TRUE OR FALSE.
Conflicts of interest in financial institutions can be avoided.

True
False 
4 асуулт
The problem generally involves access to information.

True 
False
5 асуулт
Financial institutions bought shares falsely recommended by research analysts.

True
False 
6 асуулт
Analysts recommended investing in firms in the hope that these firms would give them investment banking
work.

True 
False
7 асуулт
The number of recommendations to sell shares is probably too high.

True
False 
8 асуулт
It is legitimate for an auditing firm to do extra consultancy work.

True 
False
9 асуулт
Many auditing firms have been forced by law to split off their consultancy business from the auditing firm.
True
False 
10 асуулт
Many companies now use different auditing firms for auditing and consultancy work.
True 
False

11 асуулт
Look at the examples of conflicts of interest and choose two examples that the speaker gives.
a. Example A
b. Example B 
c. Example C 
d. Example D

The correct answers are: Example B
, Example C
 READING SKILL. (Online Sem 8) Үсрэх ... VOCABULARY SKILLS. (Online S… 

 
Эхний хуудас - Миний курсууд - Өдөр / ENG329 - САНХҮҮ, ЭДИЙН ЗАСГИЙН АНГЛИ ХЭЛ - Online seminar 8. - VOCABULARY SKILL. (Online Sem 8)
Эхлүүлсэн Wednesday, 14 December 2022, 3:48 PM

Дууссан Wednesday, 14 December 2022, 3:57 PM
Дvн 2.00 (100%)-с 2.00
1 асуулт


Match the two parts of sentences.
A put option gives its owner the right to sell something. 
A call option gives its owner the right to buy so1netl1ing. 
The price of a derivative always depends on the price of another financial product. 
Options can be used to hedge against future price changes. 

Зөв хариулт нь: A put option gives its owner
→ the right to sell something., A call option gives its owner
→ the right to buy so1netl1ing., The price of a derivative always depends on
→ the price of another financial product., Options can be used to hedge against
→ future price changes.
2 асуулт
Complete the definitions.
1. Warrants  are like call options, but with much longer time spans.
2. Put options give the right to sell securities at a fixed price within a specified period.
3. Swaps  can be used to speculate on interest rate movements.

Complete the definitions.
1. [Warrants] are like call options, but with much longer time spans.
2. [Put options] give the right to sell securities at a fixed price within a specified period.
3. [Swaps] can be used to speculate on interest rate movements.
3 асуулт
Complete these sentences.
1. If your put option is out-of-the-money, the seller will gain the premium  .
2. You only exercise a call option if the market price is higher than the strike/exercise price
 .
3 If I e pect a stock price to go p in the short term I b call options  instead of the stock
3. If I expect a stock price to go up in the short term, I buy call options  instead of the stock.

4. If I expect a big company's stock price to go up in the long term, I sometimes buy their warrants .
5. We needed euros and had a lot of dollars in the bank, so we did a swap  with a German
company which needed dollars.

Complete these sentences.
1. If your put option is out-of-the-money, the seller will gain the [premium] .
2. You only exercise a call option if the market price is higher than the [ strike/exercise price ] .
3. If I expect a stock price to go up in the short term, I buy [call options] instead of the stock.
4. If I expect a big company's stock price to go up in the long term, I sometimes buy their [warrants].
5. We needed euros and had a lot of dollars in the bank, so we did a [swap] with a German company which needed dollars.
4 асуулт
Match the graphs (1-


3) to the descriptions.
Graph 2 Description A 
Graph 3 Description B 
Graph 1 Description C 

Зөв хариулт нь: Graph 2
→ Description A, Graph 3
→ Description B, Graph 1
→ Description C
5 асуулт


Complete the text describing the graph.
The number of hedge funds remained stable  in 1991-92 but has risen regularly  ever since. Although the
number of funds increased rapidly
 between 1992 and 1997 the assets of the funds only grew slowly .
There were sharp increases  in hedge funds' total assets in 1999 and 2003.
Complete the text describing the graph.
The number of hedge funds [remained stable ] in 1991-92 but has [risen regularly] ever since. Although the number of funds [increased rapidly ]
between 1992 and 1997 the assets of the funds only [grew slowly ]. There were [sharp increases] in hedge funds' total assets in 1999 and 2003.
 Listening Skill (Online Sem 8) Үсрэх ... Writing Skill. (Online Sem 8) 
 
First page - My courses - Day / ENG329 - ENGLISH FOR FINANCE AND ECONOMICS - Online seminar 8. - Writing Skill. (Online Sem 8)
Started Wednesday, December 14, 2022, 3:58 PM

Finished Wednesday, 14 December 2022, 4:03 PM
Dvn Not yet graded
1 question
Complete Full marks 1.00
Find a graph on the internet showing recent changes in the sales, profits or stock price of the company you
are interested in, and describe it using words from the vocabulary section.
The first chart illustrates the percentage of the population who owned a smartphone from 2011 to 2016, and the second breaks the
percentages down by age for 2011 and 2016.
Overall, smartphone ownership increased during the six-year period. In general, the younger people were, the more likely they were to own
a smartphone. However, the most significant increases in smartphone ownership between 2011 and 2016 came from people aged 45 to 54,
from 46% to 84%; from those in the 55 to 64 category, from 9% to 59%; and from those aged 65 to 74, from 5% to 50%.
The percentage of people who owned a smartphone rose steadily, starting at around 35% in 2011 and reaching about 77% by 2016. People
aged 16 to 24 represented the greatest percentage of smartphone ownership in both 2011 and 2016. 75% of people aged 25 to 34 and 72% of
those aged 35 to 44 owned a smartphone in 2011, rising to 88% and 86% respectively by 2016.
Although almost nobody in the 75+ age category owned a smartphone in 2011, 15% of this group owned smartphones in 2016.
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Дууссан Thursday, 15 September 2022, 10:26 PM

Цаг авах 22 минут 43 secs

Дvн 2.00 (100%)-с 2.00

Correct 1.00-с 1.00 оноо авлаа

Read the article and choose true or false answer.

Зөв хариулт бол 'Үгүй'

Correct 1.00-с 1.00 оноо авлаа

2. There are a number of different specialist areas in accounting.

Зөв хариулт бол 'Тийм'

Correct 1.00-с 1.00 оноо авлаа

3. Accountancy firms only operate in their domestic market.

Зөв хариулт бол 'Үгүй'

Correct 1.00-с 1.00 оноо авлаа

Зөв хариулт бол 'Тийм'

Correct 1.00-с 1.00 оноо авлаа

Зөв хариулт бол 'Үгүй'

Correct 1.00-с 1.00 оноо авлаа

Зөв хариулт бол 'Үгүй'

Correct 1.00-с 1.00 оноо авлаа

Зөв хариулт бол 'Тийм'

Correct 4.00-с 4.00 оноо авлаа

Match these words and phrases with their meanings.

Your answer is correct.

Finished Thursday, September 15, 2022, 10:18 PM

Take time 37 secs

Dvn 2.00 ( 100 %) to 2.00

Correct Scored 3.00 out of 3.00

Correct Scored 5.00 out of 5.00

Your answer is correct.

Correct 2.00-с 2.00 оноо авлаа

1. Companies need to distribute their products in the most cost-effective way.

The cost-effective distribution  of their products is vital to companies.

2. Consultants advised the company to extend the range of their products.

Your answer is correct.

 Writing Skill (Paraphrasing) Үсрэх ... Listening Skill Quiz. (ONLINE/SE… 

Дууссан Wednesday, 21 September 2022, 8:46 PM

Цаг авах 8 минут 4 secs

Дvн 2.00 (100%)-с 2.00

Correct 18.00-с 18.00 оноо авлаа

Frank Smith: Good morning Mr Gibbs, you wanted to see me.

Frank: Of course, what kind of investments are you thinking of?

Mr Gibbs: Ok, so what do you suggest.

Mr Gibbs: And what kind of return could I expect?

Mr Gibbs: I was hoping for a higher return than that.

Mr Gibbs: But, that means it could also rocket  , yes?

Frank: In theory yes, but it is 50/50 - so I wouldn't recommend it.

Mr Gibbs: Ok so, what other options do I have?

Mr Gibbs: I though the property market was in a slump  ?

Mr Gibbs: Ok, and they are safe.

Mr Gibbs: So they are not guaranteed?

Mr Gibbs: That sounds good.

Mr Gibbs: Tell me more.

Frank: Well, it's a new option - peer loans.

Mr Gibbs: You mean like that program 'Shark Tank'?

Mr Gibbs: I like that idea.

Frank: Yes, that is a great idea.

 Writing Skill Quiz.(ONLINE/SEM … Үсрэх ... Vocabulary Quiz. (ONLINE/SEM… 

Дууссан Thursday, 15 September 2022, 10:02 PM

Цаг авах 6 минут 30 secs

Дvн 2.00 (87%)-с 1.73

Correct 6.00-с 6.00 оноо авлаа

Match the meanings with the correct words or phrases.