Finance - 7 united

Finance - 7 united



To understand this first united you will need to know this words:

• Financial report
• Profit and loss
• Deductions
• Quarter
• Income
• Net loss
• Expenditure incurred
• Balance
• Assets
• Depreciation
• Liabilities

SPEAKING

A: Have you completed the financial report for this quarter? 

B: Yes, here it is, income is here on the left, and expenditure is on the right. 

A: How do our earnings compare to last quarter? 

B: Well, they're up from the last quarter, but we actually suffered a net loss over the three months. 

A: A loss? Why is that? 

B: We updated the computer systems. It was pretty expensive. 

A: Oh yes, of course. 

B: But I expect us to make a profit in the next quarter. We'll finally collect the revenue from the Hilton project. 

A: And with any luck we'll get that small business grant too. 

B: It could be a very good quarter for us. 

A: Could you come up with an estimate for the upcoming quarter? I'd like to show that to the board. 

B: No problem. But there's no guarantee that we'll have a profit. 

WRITING 

From: Eduardo Styles

To: Mr. Pineda

Subject: Last Quarter 

Dear Mr. Ingol, 

As you are aware from the annual financial report, there was a net loss in the previous quarter. Takings actually increased over the period so this was not the problem. The reason for the loss was that our expenditure increased considerably during the quarter as we updated our computer systems: this is always expensive. This loss should not detract us from the fact that the business is essentially profitable. Indeed we expect earnings to increase still further in the next quarter, though we're not quite sure yet whether we will show a profit for the period. Sincerely, Eduardo Styles.