FINANCIA

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STATEMEN
Group 6

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 VOCABULARY

FINANCI GRAMMAR

AL EXERCISE

STATEM Q&A
 Intangible asset /nˌtæn.dʒɪ.bəl ˈæs.et/
something that does not exist in a physical way, but which has value for a business (cái gì
đó không tồn tại về mặt vật chất nhưng có giá trị cho doanh nghiệp) - tài sản vô hình

VOCABUL
Ex: A large chunk of the acquisition price will be allocated to intangible assets, including
goodwill.

ARY
TERMS
Commission /kəˈmɪʃ.ən/
a payment to someone who sells goods that is directly related to the amount sold, or a
system that uses such payments (khoản thanh toán cho người bán hàng hóa có liên quan
trực tiếp đến số lượng bán ra hoặc hệ thống sử dụng khoản thanh toán đó) - hoa hồng
Ex: She gets a 15 percent commission on every machine she sells.
 Consolidated financial statements /kənˈsɒl.ɪ.deɪ.tɪd faɪˈnæn.ʃəl ˈsteɪt.mənt/
a report that gives information about the financial position of all the companies belonging
to a business group, rather than giving information about each company separately (một
báo cáo cung cấp thông tin về tình hình tài chính của tất cả các công ty thuộc một tập đoàn
VOCABUL kinh doanh, thay vì cung cấp thông tin về từng công ty riêng biệt) - báo cáo tài chính hợp
nhất

ARY Ex: The group has issued an interim consolidated financial statement for the first half of the year.

TERMS

Amortization /əˌmɔː.tɪˈzeɪ.ʃən/
the process of reducing a cost or total in regular small amounts (quá trình giảm chi phí hoặc tổng
số tiền nhỏ thường xuyên) - khấu hao
Ex: This number represents the company’s value before depreciation and amortization.
 Impairment charge /ɪmˈpeə.mənt tʃɑːdʒ/
A cost that shows a reduction in the carrying value of a specific asset on a balance sheet (chi
phí thể hiện sự giảm giá trị ghi sổ của một tài sản cụ thể trên bảng cân đối kế toán) - chi phí

VOCABUL do suy giảm giá trị

Ex: Impairment charges may be booked as goodwill for the acquiring company in an acquisition.

ARY
TERMS
Credit provisions /ˈkred.ɪt prəˈvɪʒ.ən/
Current debt obligations of the business but often the specific payment time has not been determined (nghĩa
vụ nợ hiện tại của doanh nghiệp nhưng thường chưa xác định được thời gian thanh toán cụ thể.) - dự phòng
phải trả
Ex: She is checking the credit provisions
 EXERCISE
Barclays PLC intangible assets tax fee commission

premiums consolidated net intangible assets

(1)……………………… income statements – IFRS
For the year ended 31st December
2005 2004
£m £m
Continuing operations Total income (5)…………… of insurance claims 17,333 14,108
Interest income 17,232 13,880 Impairment charge and other credit provisions (1,571) (1,093)
Interest expense (9,157) (7,047) Net income 15,762 13,015
Net interest income 8,075 6,833 Operating expenses excluding amortization of
Fee and commission income 6,430 5,509 (6)…………………… (7)…………………… (10,448) (8,514)
Fee and commission expense (725) (662) Amortization of (8)…………………… (9)…………… (79) (22)
Net (2) ……………… and (3) ……………………….. 5,705 4,847 Operating expenses (10,527) (8,636)
income
Share of post-tax results of associates and joint ventures 45 56
Net trading income 2,321 1,487
Profit on disposal of associates and joint ventures --- 45
Net investment income 858 1,027
Profit before tax 5,280 4,580
Principal transactions 3,179 2,514
(10)………………… (1,439) (1,279)
Net (4) …………………….. from insurance contracts 872 1,042
Net profit of the year 3,841 3,301
Other income 147 131
Total income 19,987 15,367
IFRS = International Financial Reporting Standards
Net claims and benefits paid on insurance contract (645) (1,259)
 What are financial statements?
Financial statements are former records of financial activities and
position of a company.

QUESTI What are the tasks of accountants in general?

ON Accountants record daily business transactions in a journal. Periodically,

they transfer figures from the journals to ledgers. They maintain financial
records in order to find out if the businesses are making a profit.

&
ANSWE What are are financial statements used for?
They are used as a basis for business decisions such as allocation of

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financial resources, development of new products, and expansion of
operations. They are also used for determining income taxes liabilities.
 What are three common financial statements? What do
they show?

Three common financial statements are the balance sheet, the income

QUESTI statement and the cash flow statement.

- The balance sheet shows the company’s financial situation on a

ON particular date. It lists the company’s assets, its liabilities and share
holders’s funds.

& - The income statement shows earnings and expenditures. It usually gives
figures for total sales or turnover and costs and overhead.

ANSWE
- The cash flow statement shows the flow of cash in and out of the
business between balance sheet dates.

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THANK
YOU! From Group 6, with love.