MODUL PERKULIAHAN

English 4
Modul9
Intermediate English
Business
Universitas Mercu Buana

Fakultas
Teknik

Program
Studi
Teknik
Arsitektur

Tatap
Muka

09

Kode MK

Disusun Oleh

MK10230

Dra. Harisa Mardiana Soehanadi

M.Pd

Abstract

Competency

This lesson is talking about the

Finance in the Company. The
grammar is about Adjectives and
Adverbs
Career skills: Counting the cost of
operational in the company.

Students are able to read and answer

the questions about finance in the
company.
Dilemma and decision are about
counting the cost in the company.

Modul Standardize
Background
Standardize Meeting 9 English 4
1. All students are able to read and write properly
2. All students are able to answer the questions
3. All students should do all the exercises given,
4. Ask the lecturer if you dont understand

Study Systems
In Modul 9 English 4 we divide the lesson into:
1. Warm-up, students should follow the warm-up before going through the lesson, and
after all you can be able to read and answer properly.
2. You ONLY do what the lecturer asks you to do.
3. If you dont understand, please ask me the questions and I am happy to answer all the
questions you ask.
1. Warm-up

Warm-up is used to get you into the lesson. Just follow the instruction.

The content is the lesson. And it is about reading and writing, together with the
grammar and the discussion.
Discussion will be discussed between you and the lecturer.
Bibliography:
Jones, Leo, Alexander, Richard. New International Business English
Teacher's Book. Cambridge University Press, 1996.
Betty Schrampfer Azar, Basic English Grammar, 2nd edition, Longman &
Pearson, 2001.
Tappe, Tonya and Tullis, Graham. Intermmediate Business English, 5th
edition, Longman & Pearson, 2009
Betty Schrampfer Azar, Understanding And Using English Grammar, 2nd
edition, 1993, Binarupa Aksara.
Lin, Lougheed, Business Essentials B1, 2013, Oxford University Press.

2. Content
The content of the modul 9 is about Finance. In modul 9, students will learn how to
read and write well about Finance in order to give the inspiration and the innovation
about the company.
The competency of modul 9 is to get all the students understand better and students
are able to read and write everything about finance in the company. All of the
grammar and vocabulary are talking about finance.
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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

3. Closing
Since the purpose of module 9 English 4 is about finance, so at the end, student will
have the competency in vocabulary, reading and grammar about adjectives and
adverbs in English 4 by getting them to have test and exam at the mid test and final
test.

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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

Cover

Diisi Judul dari Mata Kuliah

Diisi Pokok Bahasan dari Modul

Diisi dengan Program StudiDiisi Kode Mata

Kuliah

Diisi dengan Fakultas

Diisi dengan Tatap Muka Diisi Nama Penyusun

Diisi Abstract atau Deskripsi

Diisi
Singkat
Kompetensi
dari modul
atau Kemampuan akhir yanhg diharapkan

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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

Content

Unit 9 FINANCE
Language Focus: Adjectives and Adverbs
Vocabulary: investor, management, mismanagement and etc.
Skills:
Reading: European Enron
Career Skills: Referring to visuals
Dilemma and Discussion: Counting the cost
Keynote:
Huge losses experienced by investors and employees due to mismanagement and
irregularities in financial reporting have led to a demand for stricter corporate governance.
Independent auditors such as SEC (Securities and Exchange Commission) in the US have
been checking balance sheets, which show the overall performance of companies and
income statements (AmE) or profit and loss accounts (BrE) which show the difference
between total income and outgoings for a given period.
Preview:
The Profit and Loss Account (P&L)
Study the incomplete P&L below. Complete the document with the following
headings. Use a dictionary to help you.
Research and development cost
Cost of materials
Gross profit
Interest receivable
Turnover
Dividend

Consolidated Profit and Loss

For the year ended Dec 31 in $m
Forecast
1
___________ (sales revenue
700
Other earnings
Gains on fixed assets and operations
250
2
________________ on investments
175
Costs of making goods
3
__________and all manufacturing expenses
(100)
Salaries oand personnel costs
(200)
4
_______________
825

Money
in
Money
out
Money in
minus cost
of making
good

Other
money
out

Other costs and expenses

Indirect costs or overheads

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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

(25)

Actual
704
244
162
a

______
______
c
______
b

(22)

________________
Loss on fixed assets
Loss on foreign operations
Marketing and distribution costs
Trading/Operating Profit
Profit for shareholders (6______)
Retained profit

Gross profit
minus other
money out
Money left
when
shareholders
have been
paid

Reading:

(50)
(25)
(100)
(100)
525
95
430

_______
(25)
(88)
e
_______
f
_______
g
_______
h
_______

Corporate governance

1. Read the text about corporate governance. What accounting irregularities are
mentioned? Who was responsible?

The Ahold financial scandal should shock Europe into accounting and corporate
governance reform, just as the Enron scandal did in the USA
It may seem an exaggeration to describe the scandal overwhelming royal Ahold as
Eurpoes Enron but in many ways it is tru enough. Certainly, the worlds third-biggest food
retailer, after Wal-Mart and Carrefour, presents none of the financial risks of Enron, which of
the financial risks of Enron, which was both deeply in debt and the worlds largest electricity
giant. That apart, the similarities between the former Texan powerhouse and the Dutch
retailer are striking, form the very bad corporate governance, aggressive earnings
management and accounting irregularities to auditors whose role must be called into
questions.
Now, at least, Europeans should stop believing that corporate wrong-doing is a US
problem that cannot occur in the old continent. Instead, they should fix their own corporate
governance and accounting problems.
On 24 February 2003 Ahold announced the resignation of its chief executive and
finance director after finding that it had overstated its profits by more than 463m (500m). Its
market value plunged by 63 per cent that day, to 3.3bn. In late 2001, it exceeded 30bn.
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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

Ahold is now under investigation by various authorities, including the Securities and and
Exchange Commission (SEC) in the USA.
Rather like Kenneth Lay and Enron, and Dennis Kozlowski at Tyco, another scandalhit US firm, Aholds now-departing boss, Cess van der Hoeven, won a huge reputeation from
turning a dull company into a growth machine. Investors applauded long after they should
have started asking hard questions. When eventually they did ask them, his anger and pride
became quickly apparent and he refused to answer.
The 463m overstatement is due primarily to Aholds US Foodservice unit, which
supplies food to schools, hospitals and restaurant, although there are also issues over its
Disco subsidiary in Argentina and several other units. This has led some observers to say
that this is less a European problem than yet another US accounting failure. Such a claim
absolves Aholds bosses of responsibility for their acquisitions and dishonesty and ignores
the persistent, firm-wide tendency to test the limits of acceptable accounting.
Most firms that buy in bulk-including such admired retailers as Wal-Mart and Tescoget discounts from suppliers if they meet sales targets. The issue is how those rebates are
accounted for. The accepted practice is to wait until the targets are met. Failing firms, such
as now bankrupt Kmart, food distributor Fleming, and now Ahold appear to have booked
these rebate payments before they were earned.
What of Aholds auditor? Although the problems were uncovered, it should have done
so much earlier, says Lynn Turner, a former chief accountant at the SEC.
2. Read the text again and answer the following questions
a. What are the similarities between Enron and Ahold?
b. What should European companies do?
c. Why did the shareholders admire Cees van der Hoeven?
d. Which of Aholds acquisitions is mentioned in the text?
e. What did Europeans believe about corporate wrong-doing in the past?
f. How did Foddservice overstate its sales?
Speaking: Do you think CEOs who falsify accounts are criminals and should go to jail
or is it an acceptable risk to falsify accounts if it helps to safeguard the
companys future and jobs?
Vocabulary
Choose the best word to fill each gap in the sentences below.
1. Sales are good way for ______ to get rid of surplus stock.
a. retailers
b. sellers
c. dealers
d. wholesalers
2. The company was in fact seriously ______ even though they claimed to be making a
profit.
a. at a loss
b. in debt
c. in the black
d. broken
3. Some companies ______ their earnings to drive up share prices.
a. overdo
b. overflow
c. overstate
d. oversee
4. The Financial Services Authority was set up in the UK to deal with ______ such as
fraud and insider trading.
a. issues
b. ideas
c. reasons
d. purposes
5. When the CEO should have been cost cutting, he was spending huge sums on ___
that turned out to be unprofitable.
a. increases
b. investors
c. growth
d. acquisitions
6. When you buy in bulk you can obtain ________ or rebates.
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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

a. discounts
b. sales
c. decreases
d. interest
7. Shareholders lost money when the company declared itself _______
a. redundant
b. sold out
c. broken down
d. bankrupt
8. When they heard about our financial difficulties our _____ asked to be paid in
advance.
a. service
b. deliveries
c. suppliers
d. orders
9. They didnt lie they simply tried to _____ the truth.
a. conceal
b. prevent
c. reduce
d. warn

Language check:

Adjectives and adverbs

Look at the following uses of adjectives

- before nouns
There was a dramatic fall in profits last year.
- After stative verbs such as be, become, seem, appear, look, etc
The similarities between Ahold and Enron are striking.
Look at the following uses of adverbs
- After verbs
Shares fell sharply on the news
- Before an adjective or adverb
his anger and pride became quickly apparent
Practice: 1. Use the following expressions to describe the performance of the Enron
share price 1991-2001.
fluctuated mildly
a peak
rose steadily

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a sharp increase
dropped slightly

Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

reached
a dramatic and

2. Journalists use dramatic verbs that describe the speed, and degree of change. What
information do these verbs give?

Career skills: Referring to visuals

Visual aids such as graph, bar charts, pie charts and flow charts are an important
and effective way of structuring and communicating presentations that include a lot
of statistics. The following phrases are useful for drawing the listeners attention to
particular details.
As you can see,.
led to the you see here..
Youll notice that
is obvious on this part of the graph here.
This part of the graph clearly shows.. This slide shows the.

Culture at work: Formal and informal presentation

Some culture expect presentations to be formal
and technical. Others find this dull and ineffective
and prefer a more entertaining style of
presentation. What are they like in your country?
How might these attitudes affect the dress, style
and use of visual aids in presentations in different
countries?

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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

MultiBrands is a globally successful consumer products company, which has

built up a reputation based on Honesty, Quality and Innovation. Since it started operating
ten years ago, it has launched at least two new, high-quality products in different markets
every year. However, managers are currently reviewing company policy because of a recent
dramatic fall in profits and share price performance.
Shareholders believe that this is due to over-diversification, rising costs and failing consumer
confidence as a result of complaints that product quality is declining. Shareholder
recommendations are:
Freeze current policy of developing new products
Concentrate on consolidating current successful brands
Improve quality or reduce prices
Freeze recruitment but avoid layoffs
Reduce current budget by 15 per cent
Task 1
In groups, study the information on budget cuts and reallocations could be made in order to
achieve a 15 per cent reduction in total operating
costs. Consider all the above shareholder
recommendations before making a final decision
Task 2
Draw new visual aids to illustrate the changes and
cuts you have made to the various departmental budgets.
Task 3
Present your budget proposal using the new visual aids.
Write it up
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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id

Summaries your proposal in a short report, include graphs and charts to help illustrate and
support your ides.

Bibliography
Jones, Leo, Alexander, Richard. New International Business English Teacher's Book.
Cambridge University Press, 1996.
Betty Schrampfer Azar, Basic English Grammar, 2nd edition, Longman & Pearson, 2001.
Tappe, Tonya and Tullis, Graham. Intermmediate Business English, 5th edition, Longman &
Pearson, 2009
Betty Schrampfer Azar, Understanding And Using English Grammar, 2nd edition, Binarupa
Aksara, 1993,
Lin, Lougheed, Business Essentials B1, Oxford University Press, 2013.

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Nama Mata Kuliah dari Modul

Dra. Harisa Mardiana M.Pd

Pusat Bahan Ajar dan eLearning

http://www.mercubuana.ac.id