商务英语Unit 7 Money Matters

Unit 7

Money Matters

Warm-up.Are you quick about numbers? Try the following exercises:

Try to match the phrase and the figures. Listen to the recording and complete the information missing from a report of a company’s financial performance. Use the information you now have to work out the following amounts:a) the rise in net profits in the first half of the year b) the difference in overall group sales in the first six months c) the fall in sales for wines and spirits d) the increase in operating profits for luggage and leather products e) the difference in sales of perfumes and cosmetics

ContentsDifferent currency Money matters within a company Money matters between companies Chasing payment and cash flow

7.1 Different currency

Do you know them?

HK$ ￡M FF DM

Can$ ￡Ir SF Lira

NZ$ ￡S Lux F

M$ BF

S$

A$

How can you change foreign currency if you go abroad? a. Traveling Check traveling visa Bank of China (exchange rate of that very day) the check Bank in *** Country foreign cash service charge 1% of the check b. Account Card c. Cash (less then $50,000)

7.2 Money maters within a companySTATEMENT OF GENERAL AND ADMINISTRATIVE EXPENSESFor the year ended December 31, 2002 ****Company

ITEMS

THIS YEAR’S PLAN

THIS YEAR’S ACTUAL

LAST YEAR’S ACTUAL

company expenses including: salaries and wages depreciation repairs and maintenance supplies consumed amortization of low cost and short lived articles labor protection office expenses traveling expenses insurance other labor union dues board of directors’expenses consulting fees litigation fees

THIS YEAR’S PLAN entertainment expenses taxes land occupancy fee technology transfer fee amortization of intangible assets amortization of other assets staff and workers’ training expenses research and development expenses bad debts others

ITEMS

THIS YEAR’S ACTUAL

LAST YEAR’S ACTUAL

TOTAL

7.3 Money matters between companiesMoney matters in international trade Event: Documents involved: receipt of money (delivering goods) invoice BL payment of money (receiving goods) LC

insurance

Invoice (发票/装货清单)

1.DefinitionInvoice is the document issued by the exporter, listing the specifications and price of the goods which is under delivering. The purpose of issuing the invoice is for the convenience of the importer to check whether the delivered goods matches their order.

2. Categories of invoiceCommon Commercial Invoice Customs Invoice (海关发票) Proforma Invoice (形式发票) Consular Invoice (领事发票) Etc.

3. Items of an invoice(1) Seller (Name Address VAT Reg. No) (2) C.C.C.N. NO. (3) Invoice No. and Date (TAX Point) (4) Seller’s Reference (5) Buyer’s Reference (6) Consignee (7) Buyer ( if not the Consignee) (8) Country of Origin of Goods (9) Country of Destination (10) Terms of Delivery and Payment (11)vessel/Aircraft etc (12) Port of loading (13)Port of dischar

ge (14) Marks and Numbers: Number and Kind of packages: Description of Goods (15)Gross Weight (16) Cube (17)Specification of Commodities (18) Quantity (19)Amount (State Currency) (20) TOTAL (21)Name of Signatory (22) Place and Date of Issue (23)Signature (24) It is hereby certified that this invoice shows the actual price of the goods described, that no other invoice has been or will be issued, and that all particulars are true and correct.

Let’s see a real example!

Imagine that you and your partner have been working in the Accounts Department of Finntec for two weeks. Your boss Ms Aaltio has asked you to fill in the invoice for Frigorifico Ameglio S.A. Use the following three documents to bill and invoice the client. Finntec II. I. FINNEC P.O.Box 325 P.O.Box 325 SF-33200 Tampere SF-33200 Tampere PRICE LIST 2003 Telefax: +358 31 134 845 Item: Sensor Switches Your Ref: Customer No.: 645 Type Price Type Price For the attn of G. Aaltio 20 January 2003 Thanks for your quotation 9302.We wish to order 35 gross of Type A6D Switches. Please deliver asap.

A3A $1.50 A6D $1.80 … 10% discount on bulk orders 20 gross plus

Customer No.: 645

III.

Sincerely, Julio Martinez Julio Martinez

Order: 03764 Quantity items:35 gross Address: Frigorifico Ameglio S.A. Colonia 1023, Motevideo, Uruguay Description of merchandise: sensor switches type A6D Method of payment agreed: FOB Helsinki

More problems:

Finntech have only delivered 25 gross switches, instead of 35 gross ordered. The Accounts Department of Frigorifico Ameglio S.A. have paid for the 25 gross at the old price, i.e.$1.60 each. You’ve noticed the discrepancy of the old price ($1.60 ) and the new price ($1.80 ).

Would you please find out: 1. How much has the Accounts Department of Frigorifico Ameglio S.A. paid? 2. What is the correct price for the 25 gross? 3. How much does the amount on the invoice say? 4. How much should the Accounts Department of Frigorifico Ameglio S.A. still have to pay to fill in the difference? Keys: 1. $5,184.00 2. $5,832.00 3. $8,164.80 4. $648.00

B/L (Marine Bill of Lading)

Definition:A bill of lading, is a receipt for goods shipped on board a vessel, signed by the person ( or his agent ) who contracts to carry them, and stating the conditions in which the goods were delivered to and received by the ship.goods

the carrier(承运人)B/L

the shipper(托运人).

Functions:* receipt for the goods * document of title * evidence of contract of carriage

Categories:*

**

*

*

on board B/L or shipped B/L(已装船提单) received for shipment B/L(备运提单) clean B/L (清洁提单) unclean B/L (不清洁提单) e.g. ironstrap loose or missing straight B/L (记名提单) order B/L (指示提单)e.g. to order of… direct B/L (直运提单) transhipment B/L (转船提单) through B/L (联运提单) long form B/L (全式提单) short …… 此处隐藏：5733字，全部文档内容请下载后查看。喜欢就下载吧 ……