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Assignment for Finance English 2
《财经英语2》作业
Unit (9-12)
The total marks for this assignment are 100 points. Time suggested for completing this assignment is 1 hour (60 minutes).
PLEASE WRITE ALL YOUR ANSWERS ON THE ANSWER SHEET.
Short-answer Questions [50 points]
1. What is a fiscal year?
2. How does the occurrence of a merger raise concerns in anti-trust circles?
3. What are the advantages of using an agency when taking non-court action to recover debts?
4. What is good debt? Please give an example.
5. What is the incremental budgeting? What are its characteristics?
Writing [50 points]
You work for an accountant firm. One of your clients, Panda Manufacturing, is considering purchasing a smaller manufacturing firm in order to expand its business. Panda Manufacturing asks you for your advice on this purchase. Write a report to your client.
Your report may cover the following points:
• Analyze the financial status of the target company
• Provide a reference of the target company’s fair value
• Indicate the risks that might be involved in the purchase
• Advise your client on what steps to take
Your writing should be between 150-200 words.
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