2. Definitions
the money that is needed to
support a business
the control of how large
amounts of money should be
spent
Cambridge Dictionaries Online
4. Personal finance
Financial position:
net worth = assets – liabilities
household cash flow = expected
income - expected expenses
Adequate protection (insurance)
Investment and accumulation goals
Retirement planning
Estate planning
5. Corporate finance
Investment management – what, how
much and when to invest
Risk management (market risk +
credit risk)
6. Public finance
Distribution of income for the citizens
and ensuring the economic stability of
the state
Budgeting (the distribution of funds)
7. Corporate Finance
managing the capital;
calculating taxes;
determining prices;
analyzing investing options;
paying dividents to shareholders;
merging with or acquiring another
firm.
8. Managing the capital
Equity (собственный капитал) = assets (активы) –
liabilities (обязательства)
A balance sheet is a summary of the financial
balances of a business organization (балансовый
отчет/лист)
11. Liabilities
paying the loans;
transferring assets to another company;
various economic losses resulting from the
company’s past actions.
liabilities
current
long-
term
12. Taxation
Federal income tax (федеральный подоходный
налог)
Local income tax (местный подоходный налог)
Payroll tax (налог на зарплату)
Unemployment tax (налог на страхование по
безработице)
Sales tax (налог с оборота/продаж)
Foreign tax (иностранный налог)
Value-added tax (налог на добавленную
стоимость)
13. Investment
Bonds (облигации) is a document given to someone
who invests money in a company, promising to pay
back with interest
Stocks (акции) is one of the equal parts into which
the value of a company is divided
Real estate property (недвижимость) is comprised of
land and the buildings on it as well as the natural
resources of the land including uncultivated flora and
fauna, farmed crops and livestock, water and
minerals
