Topical speaking tasks. Working in pairs discuss the following questions under the headings

Working in pairs discuss the following questions under the headings

I - V. Give a talk in class on the topic “Company share capital” making use of TEXT A as well as exercise 3.

I. Ownership in a company

1. In what way is ownership in a company certified? What do you call people who own shares and stocks?

2. How do owners of a company share in the benefits when the company makes a profit?

3. Do you think there is a difference between ordinary and preference shares? What is it based on?

II. Limited liability

1. What does “limited liability” mean? What is limited in this case? Do you think this concept is important for business?

2. Does “limited liability” protect mostly the company or the shareholders when the company goes bankrupt (goes bust)?

III. Public and private companies

1. In what case the company is said to be privately owned?

2. Do you think the difference between public and private companies depends only on the size of this or that company? Is distinction between them always clear and easy to understand?

IV. Stock Exchange operations

1. What do you call people dealing in shares and other securities on the Stock Exchange?

2. Are there any rules and regulations on settling accounts on the stock market? What are they?

3. “Bulls” and “bears” are known as stock market speculators. Do they behave differently when selling and buying shares on the Stock Exchange?

4. What do stock indices represent?

V. Money laundering

1. Corruptive businesses and governments get involved in money laundering. Is it a widely accepted and widely used practice in Russia and abroad?

2. What methods in banking are used to fight against this corruptive practice?

READING

READING FOR PROFESSIONAL VOCABULARY

TEXT B

Read the text for developing your professional vocabulary. For better understanding topical words and phrases consult the word list that precedes the text. For effective use of topical vocabulary practise translating from Russian into English.

Word List

revenues – доход, выручка

to raise money – получить ссуду / занимать деньги

to sell securities – продавать ценные бумаги

liquid investments – ликвидные (легко реализуемые)

инвестиции

assets – активы, средства, фонды

listed/quoted companies – компании, акции которых

котируются на фондовой бирже

stock quotations – биржевые котировки/ курсы акций на бирже

Stock Tables – биржевые сводки

dividend … per share – дивиденд … на акцию

dividend yield – доходность акции (отношение суммы

дивидендов по акции за год к ее

текущей рыночной стоимости)

closing price – цена/стоимость (акций) на момент

закрытия биржи

net change – «чистое» изменение стоимости

акций (в долларах)

stock market performance – показатель деятельности компании,

indicator зафиксированный фондовым рынком

TEXT B