Company Performance

1
Company Performance
2
Key vocabulary-1

• Management accounts ????
• Operational efficiency ??????
• Financial accounts ????????
• Revenue ??,??
• Profits ??,????,??
• He made a profit of fifty thousand US dollars on
  his house. ????????????
• Listed company ????
• Annual report ????

3
Lead-in

• Financial advisory services ??????
• Provide advice on finance
• Management Consulting Services ????????
• Advise on performance
• Tax and Legal Services ???????
• Provide taxation advice
• Assurance business advisory services ????????
  assurance???(??)??
• Check company accounts

4
Lean-in

• Speaker 1
• Of course, although its not easy to summarize
  such a big organization as ours without
  oversimplifying things a little. In my case I
  work in FAS, which stands for Financial Advisory
  Services and we provide financial advice to a
  companies around the world. We er might be asked,
  for example, to give advice to a company that is
  considering a merger or an acquisition. Or an
  organization might require our help with
  arranging the finance from some really large
  project like building a power station. Another
  aspect of FAS deals with what we call Business
  Recovery and Restructuring and here we are
  usually working with companies that have fun into
  financial difficulties and which need to
  reorganize. Lastly FAS also includes Valuations,
  which, as its name suggests, involves valuing
  businesses for companies and investors to see
  exactly what they are worth.

5
Lean-in

• Speaker 2
• I work in MCS or Management Consulting Services
  and here we tend to concentrate on advising our
  clients about the performance side of their
  businesses. We do this in a variety of ways. We
  can help companies define their business
  strategy, which sets out the ways in which they
  intend to grow and develop the business.
  Sometimes we work more on the detailed day-to-day
  operations, looking at how to improve the ways in
  which a company runs its business. We also have
  specialists who review the clients information
  technology systems and suggest how they can be
  improved and in some cases even managing the
  department for them.

6
Lean-in

• Speaker 3
• Clients come to us in Tax and Legal Services, or
  TLS, for advice on a whole range of questions
  involving taxation. This could involve personal
  tax or business taxes such as corporation tax. Or
  we might be consulted about issues relating to
  international trade or financing a deal.

7
Lean-in

• Speaker 4
• Since I joined the company, Ive worked in
  Assurance Business Advisory Services (or ABAS for
  short). Here we focus on the accounting and
  auditing of clients businesses. In addition, we
  review the financial statements of an
  organization and provide an opinion on whether
  the figures presented are true. There is also
  what we call Transaction Support where we work
  together with clients who are involved in mergers
  or acquisitions to help them to get a clear
  picture of the accounts and business activities
  of a target company. Finally we also provide
  evaluations of global risk and help companies to
  manage the risks that are associated with
  businesses which in turn contributes to improving
  both their management and performance.

8
Lead-In reading

• 1. an annual report presents and discusses a
  companys financial affairs to its shareholders
  and investors.
• 2. Stakeholders are everyone with a financial
  interest in a company, and this includes
  employees, suppliers, customers and lenders as
  well as shareholders.

9
Reading (1)

• Report of management ????
• Auditors report ????
• Management discussion ???????
• Financial statements and notes ????????
• Selected financial data ????????

10
Reading (2)

• Financial highlights ?????????
• Letter to stockholders ?????
• Corporate message ???,???
• Board of directors and management ???????
• a board of directors???
• He has recently joined the board of the company.
  ??????????????
• Stockholder information ????

11
Reading (3)

• Anatomy (n.)??
• Consistent ?...??????(with)
• His behavior is consistent with his teaching.
  ???????????
• Validity ??????
• We should question the validity of those figures.
  ???????????????
• Comply (???????)??,??,??(with)
• We comply with all fire safety rules.
  ????????????????

12
Reading (4)

• Statement of earnings ?????
• Statement of cash flows ???????
• Lifeblood (n.)???????
• Equivalent (n.) ??????
• Statement of financial position ???????
• Snapshot (n.) ?????????
• Asset (n.) ??,??
• Liability (n.)??,??
• Adequacy (n.)????
• Executives (n.) ????
• Accompany (v.) ??...??,??,??

13
Reading 2 (5)

• 1. Letter to stockholders
• 2. selected financial data
• 3. Managements discussion
• 4. Report of management
• 5. Letter to stockholders

14
Vocabulary (1)

• 1. c
• 2. f
• 3. a
• 4. e
• 5. b
• 6. d

15
Vocabulary (2)

• 1. revenue
• 2. costs
• 3. currency
• 4. deposits
• 5. cash equivalents
• 6. assets
• 7. liabilities
• 8. gross profit
• 9. net earnings/income

16
Vocabulary (3)

• A. revenue
• B. costs
• C. gross profit
• D. selling and administration Interest
• E. net earnings/income

17
Vocabulary development (1)

• A. the result of
• B. an enquiry into
• C. involvement in/with
• D. an interest in
• E. support for
• F. satisfactionwith/in
• G. a percentage of
• H. a taxon
• I. researchinto/on
• J. an effecton/of

18
Vocabulary development (2)

• The result of the changes ?????
• An enquiry into fraud ????
• Involvement in community affairs/with local
  communities ??????
• An interest in the development of a company
• Support for a project ??????
• Satisfaction with results/ in completing the
  report
• A percentage of sales
• A tax on profits
• Research into electronics/the effects of
  pollution
• An effect on performance/of the cutbacks ??

19
Language Focus

• 1 / 2 a half
• 2 / 3 two thirds
• 1 / 4 one quarter
• 3 / 4 three quarter
• 2 / 5 two fifths
• 2 / 5 two fifths
• 5 / 6 five sixths
• 9 / 10 nine tenths

20
Practice 1

• About????
• John is about the same age as Tom. ???????????
• Approximately ????
• There were approximately fifty people there.
  ??????????
• Nearly ??,???
• She is nearly fifty now. ????????
• Roughly?????
• Around ??
• The journey will take around ten days.
  ?????????????

21
Practice 2

• 1. about two thirds
• 2. nearly a fifth
• 3. roughly one eighth
• 4. 44
• 5. roughly a quarter
• 6. quarter (25 )

22
Listening

• Pharmaceutical sector ???
• Annum ?
• Consolidation ??,????