Unit 19: Budgets

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Budgets represent one of the most important tools that a financial department has at their disposal. This unit discusses budgets and related vocabulary.
Basic activities (computer-graded)

Reading Activity: Budgets

Students will be able to correctly answer true/false questions after reading and listening to topical short articles and dialogs featuring topical vocabulary.

Nobody likes the word 'budget' , but the truth is that without accurate budgeting and planning business could not exist. This is even more true in financial departments, such as accounting. Budgets can represent one of the most important tools that a financial department has at their disposal, providing they are prepared in a realistic manner covering all areas of the business without errors of … Continue

Multiple Choice Activity

Students will be able to select the best match between unit terms and their definitions.

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Listening Comprehension Activity

Students will be able to listen to short audio clips in English and then spell them correctly.

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Spelling and Recognition

Students will be able to identify and spell a vocabulary term correctly given only the definition.

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Advanced activities (optionally teacher-graded)
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Speaking Practice Activity

Students will be able to speak and record 5 example sentences from the unit vocabulary and then submit them for grading by the classroom teacher. If no teacher is available or desired, then the students will be shown good examples of other students' work.

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The CFO set out new regulations for payment processing.
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The management have been setting $500 a month aside for the staff party.
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I'm afraid that I do not know, I will need to refer to my manager for that answer.
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The company was closed on account of low sales and high costs.
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The omission of the depreciation cost for the year meant the budgeted figures were not correct.

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Writing Practice Activity

Students will write a short essay to be graded by the teacher. If no teacher is available or desired, then the student is shown previous examples of other writings by students.

  • Do you agree that budgets are 'one of the most valuable tools for accountants'? Why? not?
  • Can you give any examples of how budgets are used to control costs?
  • Why do you think accountants are increasing involved in budgeting?
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