MINISTRY OF SCIENCE AND EDUCATION OF THE REPUBLIC OF KAZAKHSTAN
NEI «ALMATY MANAGEMENT UNIVERSITY»
DEPARTMENT: “FOREIGN LANGUAGES”
Approved
at the meeting of the Educational
and Methodic Council Chairman
_____________N. Duisengulova
«____»_______________2014
Academic program: Bachelors
Specialty: 5В050900 –“Finance”
Form of study: daytime
SYLLABUS
on the course: “Professionally Oriented Foreign Language”
Year: 3
Semester: 6
Number of credits: 2
Lecturer: Senior teacher I.Agashkina
Phone: 293-75-93, room № 202
Almaty, 2014
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Completed by: Senior teacher ________ I. Agashkina, Professor ________ P. Iskhakova
The syllabus has been developed on the basis of the Working program of the discipline for
students of the Specialty: 5В050900 Finance.
The syllabus was reviewed at the meeting of the Department of Foreign Languages
Protocol № __ from «___» _________ 2014
Acting as Head of the Department of Foreign Languages ____________ ______ M. Jandildinov
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Introduction
This course has been designed for the 3rd –year students of the Russian and Kazakh
departments, specialty “Finance” at the Almaty Management University. This curriculum has
been worked out on the basis the course book Professional English in Use-Finance.
This discipline considers and examines theoretical material on the basics of finance, and
it covers the most up-to-date financial vocabulary, from accounting to borrowing and lending,
central banking to venture capital and many more areas including financial idioms and
metaphors.
Methodology of teaching this discipline provides for practical classes conduction, IWST
and IWS.
The purpose of teaching this discipline is preparing top managers to communicate with
finance and accountancy professionals throughout the international business community.
The objectives of teaching this discipline are:
Prerequisites:
Major skills (Speaking, Reading, Listening, Writing) in Business English (level –
Intermediate and above)
Postrequisites:
Acquired skills are necessary for gaining further knowledge in professional English and
promoting student’s career in English-speaking environment in the financial fields.
In the process of learning students are supposed to get acquainted with and learn:
 essential language and terminology on Financial English
 main concepts of accounting, banking and corporate finance
Upon completion of this discipline, students must/are supposed to be able to master the
following competencies in:
 reading: to find out and understand special information needed; to read and
understand articles on finance in newspapers and magazines and on the
Internet.
 listening: listen effectively to business conversations and documentaries,
listen for content or for language, to reproduce the details orally or in written
form, taking and sending messages on the phone.
 speaking: entertaining clients and colleagues, exchanging information and
problem-solving on the phone, e-mailing,leading and influencing the outcome
of cross-cultural meetings, team- presenting and giving effective individual
presentations, negotiating, expressing informed views on professional topics,
communicating as self-reliant speakers in both professional and social
situations.
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Calendar and thematic plan
№
Theme
Distribution of classes by weeks
Practical
IWS
IWST
classes
1
1
1
1
Theme 1Basic financial terms
Money and income. Business Finance.
Currency of the Republic of Kazakhstan
Business Finance
2
Theme 2Accounting
Accounting and accountancy
Accounting system in Kazakhstan.
Bookkeeping
2
2
2
3
Theme 3 Accounting
Company Law 1
Company Law 2
Types of businesses in Kazakhstan
Theme 4 Accounting
Accounting policies and standards in
Kazakhstan and abroad. Accounting
assumptions and principles.
3
3
3
4
4
4
Theme 5 Accounting
5
5
5
6
6
6
7
7
7
8
8
8
9
9
9
10
10
10
11
11
11
12
12
12
4
5
Depreciation and amortization.
Auditing.
6
7
Theme 6Accounting
The balance sheet 1.
The balance sheet 2: assets.
Theme 7 Accounting
The balance sheet 3: liabilities.
The other financial statements.
Midterm control 1
8
9
10
11
12
Theme 8 Banking
Personal banking.
Commercial and retail banking.
Financial institutions.
Theme 9 Banking
Investment banking.
Central banking.
Theme 10 Banking
Banking system in RK. National Bank of
Kazakhstan.
Islamic banking.
Theme 11 Corporate finance
Venture capital.
Venture capital funds in KZ.
Stocks and shares.
Theme 12 Corporate finance Shareholders.
Share prices. Bonds.
Kazakhstan stock exchange.
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13
Theme 13 Corporate finance
Futures. Derivatives.
Describing charts and graphs.
13
13
13
14
Theme 14 Corporate finance
Mergers and takeovers.
Leveraged buyouts.
14
14
14
Market of mergers and acquisitions in
Kazakhstan
Revision and consolidation of material
15
15
15
Midterm control 2
Exam
15
16, 17,
18
Topics and tasks on speaking
№
Topic
1.
History of money
2.
Accounting system in Kazakhstan
3.
4.
Types of businesses in Kazakhstan
5.
6.
7.
8.
9.
10.
Tasks on speaking
Do Internet research and
presentation on history of
different countries.
Overview the accounting
Kazakhstan and discuss it
groups
prepare a
money in
system in
in small
Discussion on the topic.
Annual report of a local or a foreign
company.
Prepare the analysis of the Annual report
of a local or a foreign company and
report it to other students.
Functions of internal and external auditors In pairs, discuss if you would like to
work as an internal or external auditor
and why. Compare their work, some pros
and cons.
The components of balance sheet
Find in the Internet the balance sheet of
some large company. Share the
information in group of three, compare
and analyze their sub-divisions and the
most valuable assets.
Analysis of financial activity
Look at the annual reports and balance
sheets of some company. What
differences do you notice in the balance
sheet? Brainstorm in pairs the reasons
for this and discuss it with other pairs.
The services of commercial / investment Prepare the presentation about some
banks in KZ and other countries
commercial or investment banks
Islamic banking: advantages and
Discussion in a group
disadvantages
Banking system in RK andNational Bank of
Do Internet research about Banking
Kazakhstan.
Ф-ПР-02.3.2-05-2014-03 Syllabus
system in RK andNational Bank of
Kazakhstan and share the information.
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11.
“I want to start my business”
12.
Investing in stocks
13.
Describing charts and graphs
14.
Mergers and acquisitions in Kazakhstan
15.
My future job
Discuss about good fields for start-ups in
KZ and how to raise capital for them
Discuss in small groups what kind of
stocks or bonds would you buy now and
why
Find in the Internet and describe a graph
of recent changes in the sales, profit or
stock price of a local or a foreign
company.
Prepare for the discussion on the
topic
In small groups, share your plans for the
future, your career and achievements in
10 years.
Content of practical classes, form of control and grading
№
Questions for practical classes
Literature
Form of
control
Oral &
Written
Max.
score
100
1
Professional English in
Basic financial terms: Money and income.
Use Financeby Ian
Business Finance.
MacKenzie, Cambridge
The definitions of money and currency.
University Press, 2007
Different types of income and outgoings..
pp.8-11
Types of capital for different purposes; revenue
and financial statements. The content of
accounting and auditing. Accounting rules in
different countries. Accounting system in
Kazakhstan.
2
Theme 2
Accounting: Accounting and
accountancy. Bookkeeping.
The content of accounting and auditing.
Accounting rules, laws and standards in
different countries. Accounting system in
Kazakhstan.
A system of double-entry
bookkeeping. Day books and ledgers.
Balancing the books
Professional English in
Use Financeby Ian
MacKenzie, Cambridge
University Press, 2007
pp.12-15
Oral &
Written
100
3
Professional English in
Accounting : Company Law.
Use Financeby Ian
The
definition
of
the
partnerships.
MacKenzie, Cambridge
Characteristics of limited liability. Founding
University Press, 2007
companies. What Articles of Association and
pp.
16-19
Memorandum
of
Association
state.
Characteristics of private and public companies.
Annual general meetings (AGM). Extraordinary
General meeting (EGM). Types of businesses in
Kazakhstan.
Oral &
Written
100
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4
Professional English in
Accounting: Accounting policies and
Use Financeby Ian
standards. Accounting assumptions and
MacKenzie, Cambridge
principles.
University Press, 2007
The ways of presenting accounts, methods of
pp.20-23
valuation and measurement. Historical cost and
inflation accounting. The main assumptions
used by accountants. The most important
accounting principles.
Oral &
Written
100
5
Professional English in
Accounting: Depreciation and amortization.
Use Financeby Ian
Auditing.
MacKenzie, Cambridge
The definitions of fixed assets and current
University Press, 2007
assets. Valuation of assets. The most common
methods of depreciation of assets – strait-line pp.24-27
method
and
accelerated
depreciation.
Depreciation and amortization systems. The
content of the internal auditing and external
auditing. Irregularities. The definitions of audit
report, qualified report, management letter.
Oral &
Written
100
6
Professional English in
Accounting:
The balance sheet 1. The
Use Financeby Ian
balance sheet 2: assets.
MacKenzie, Cambridge
Assets, liabilities and capital. The parts of
University Press, 2007
shareholders’ equity. Classification of assets:
fixed and current assets, tangible and intangible pp.28-31
assets, net assets.
Oral &
Written
100
7
Professional English in
Accounting: The balance sheet 3: liabilities.
Use Financeby Ian
The other financial statements.
MacKenzie, Cambridge
The classification of liabilities. The definition
University Press, 2007
of accrued expenses. Shareholders’ equity on
pp.
32-35
the balance sheet. The profit and loss account.
The cash-flow statement.
Oral &
Written
100
8
Professional English in
Banking :Personal banking. Commercial and
Use Financeby Ian
retail banking. Financial institutions
MacKenzie, Cambridge
Types of current accounts. Banking products
University Press, 2007
and cervices. What is e-banking. The functions
of commercial and retail banks. Credit, loans pp.44-49
and risks. Financial institutions – types and
activities.
Oral &
Written
100
9
Professional English in
Banking:Investment
banking.
Central
Use Financeby Ian
banking.
MacKenzie, Cambridge
The difference between commercial and
University Press, 2007
investment banks. How the central banks
pp.50-53
supervise commercial banks. Raising capital.
Mergers and acquisitions. Consulting and
Oral &
Written
100
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10
research. The functions of central banks.
Central banks and commercial banks. Central
banks and exchange rates.
Professional English in
Banking : Banking system in the Republic of
Use Financeby Ian
Kazakhstan. National Bank of Kazakhstan.
MacKenzie, Cambridge
Islamic banking.
University Press, 2007
Two-tier banking system of RK. National Bank
pp.58-59
of Kazakhstan: overview, goals, tasks and
functions. First Islamic bank in Kazakhstan.
Interest-fee banking. Types of accounts.
Leasing and short-term loans.
Oral &
Written
100
11
Professional English in
Corporate finance: Venture capital. Venture
Use Financeby Ian
capital funds in KZ. Stocks and shares.
MacKenzie, Cambridge
The definitions of stocks, shares and equities.
University Press, 2007
The stages of going public; the documents
pp.62-67
required.
Ordinary and preference shares. Buying and
selling shares. New share issues. Categories of
stocks and shares.
Oral &
Written
100
12
Professional English in
Corporate finance: Shareholders. Share
Use Financeby Ian
prices. Bonds.
MacKenzie, Cambridge
Classification of investors. Dividends and
University Press, 2007
capital gains. Types of speculators. Influence on
pp.68-73
share prices. Predicting prices. Types of risk.
Government and corporate bonds. Prices and
yields. Other types of bonds.
Oral &
Written
100
13
Professional English in
Corporate finance: Futures. Derivatives.
Use Financeby Ian
Describing charts and graphs.
MacKenzie, Cambridge
The
content
of
commodity
futures.
University Press, 2007
Classification of financial futures. What is
pp.74-77,
82-83
options. In-the-money and out-of-the- money.
The definitions of the warrants and swaps.
Increase and decrease. Rate of change. High
points, low points, and staying at the same.
Oral &
Written
100
14
Corporate finance: Mergers and takeovers.
Leveraged buyouts. Mergers and
acquisitions in Kazakhstan.
Mergers, takeovers and joint ventures. Two
kinds of takeover bid – hostile and friendly.
Types of integration.The content of
conglomerates. Raiders.
Professional English in
Use Financeby Ian
MacKenzie, Cambridge
University Press, 2007
Oral &
Written
100
Oral &
Written
100
15
Revision and consolidation of material
Midterm Test
Ф-ПР-02.3.2-05-2014-03 Syllabus
pp. 84-87
Professional English in
Use Financeby Ian
MacKenzie, Cambridge
University Press, 2007
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IWST SCHEDULE
Theme
№
Theme 1Basic
financial terms
Money and
income
Currency of the
Republic of
Kazakhstan
Business
Finance
Theme
2Accounting
Accounting and
accountancy
Accounting
system in
Kazakhstan.
Bookkeeping
Assignments for
independent work
(IWS)
Professional
English in Use
Finance
Do exercises pp.
9,11
Recommended
literature
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.8-11
Business Vocabulary
Prepare the
in Use, Cambridge
presentations
Univer. Press, 2006;
1.Currency in the
Business Grammar
Republic of
Builder by P.
Kazakhstan
Emmerson,
2. History of money Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Do exercises p. 13, Professional English in
15
Use Financeby Ian
MacKenzie,
Get ready to give
Cambridge University
an overview of
Press, 2007, pp.12-15
accounting system
Business Vocabulary
in Kazakhstan.
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Ф-ПР-02.3.2-05-2014-03 Syllabus
Form of
control
Checking in a
group
Max.
score
Deadline
(week )
1
100
2
100
Presentations
Vocabulary
quiz
Discussion
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Theme 3
Accounting
Company Law
1
Company Law
2
Theme 4
Accounting.
Accounting
policies and
standards.
Accounting
assumptions
and principles.
Theme 5
Accounting
Depreciation
and
amortization.
Auditing.
Ex. pp. 17, 19
Professional English in
Use Financeby Ian
Be ready for
MacKenzie,
discussion on the
Cambridge University
topic Types of
Press, 2007, pp. 16-19
businesses in
Business Vocabulary
Kazakhstan
in Use, Cambridge
Univer. Press, 2006;
Write the
Business Grammar
Memorandum of
Builder by P.
Association
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Ex. pp.21, 23
Professional English in
Do Internet
Use Financeby Ian
research prepare the MacKenzie,Cambridge
analysis of the
University Press, 2007,
Annual report of a
pp.20-23
local or a foreign
Business Vocabulary
company.
in Use, Cambridge
What are the most
Univer. Press, 2006;
important
Business Grammar
accounting
Builder by P.
standards in KZ?
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Ex. pp. 25, 27
Professional English in
Learn the
Use Financeby Ian
definitions
MacKenzie,
of the terms
Cambridge University
Get ready to speak
Press, 2007, pp. 24-27
on theme 5.
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Ф-ПР-02.3.2-05-2014-03 Syllabus
Vocabulary
quiz
3
100
4
100
5
100
Discussion
Written
Checking in a
group
Presentation
Discussion
Vocabulary
quiz
Discussion
стр. 11 из __
Theme
6Accounting
The balance
sheet 1. The
balance sheet 2:
assets.
Ex. pp. 29, 31
Find in the Internet
and describe the
balance sheet of
some large
company in
Kazakhstan
Theme
7Accounting
The balance
sheet 3:
liabilities. The
other financial
statements.
Revision and
consolidation
Ex. pp.33, 35
Theme 8
Banking
Personal
banking.
Commercial
and retail
banking.
Ex. pp.45, 47, 49
Prepare the
presentation about
some commercial
or investment bank
in KZ
Prepare for the test
Financial
institutions.
Ф-ПР-02.3.2-05-2014-03 Syllabus
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.28-31
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.32-35
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.44-49
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Checking in a
group
6
100
7
100
8
100
Presentation
Vocabulary
games
Test
Checking in a
group
Presentation
стр. 12 из __
Theme 9
Banking
Investment
banking.
Central
banking.
Ex. pp.51, 53
Theme 10
Banking
Ex. p.59
Do Internet
research about
Banking system
in RK. National
Bank of
Kazakhstan.
Islamic banking.
Banking system in
RK andNational
Bank of Kazakhstan.
Think of advantages
and disadvantages of
profit and loss
sharing compared
with charging
interest.
Theme 11
Corporate
finance
Venture capital.
Stocks and
shares.
Ex. pp.63, 65, 67
Read the task on
p.63 about starts-up
and answer the
questions.
Collect the
information about
venture capital funds
in KZ.
Ф-ПР-02.3.2-05-2014-03 Syllabus
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.50-53
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.58-59
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.62-65
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Vocabulary
quiz
9
100
10
100
11
100
Checking in a
group
Checking in a
group
Presentations
Discussion
Checking in a
group.
Discussion
Reporting
стр. 13 из __
Theme 12
Corporate
finance
Shareholders.
Share prices.
Bonds.
Ex. pp.69, 71, 73
Think if this is a
good time to buy
bonds. Why?
Kazakhstan stock
exchange
Theme 13
Corporate
finance
Futures.
Derivatives.
Describing
charts and
graphs.
Theme 14
Corporate
finance
Ex. pp.75, 77, 83
Find in the Internet
and describe a
graph of recent
changes in the
sales, profit or
stock price of a
local or a foreign
company.
Ex. pp.85, 87
Mergers and
takeovers.
Leveraged
buyouts.
Ф-ПР-02.3.2-05-2014-03 Syllabus
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.68Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.74-75,
83-84
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.84-87
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Checking in a
group
12
100
13
100
14
100
Discussion
Presentation
Vocabulary
quiz
Presentation
and
discussion
Vocabulary
quiz
Checking in a
group
стр. 14 из __
Market of
mergers and
acquisitions in
Kazakhstan.
Revision and
consolidation
Prepare for the
discussion of the
topic“Mergers and
acquisitions in
Kazakhstan”
Professional English in
Use Financeby Ian
MacKenzie,
Cambridge University
Press, 2007, pp.44-86
Business Vocabulary
in Use, Cambridge
Univer. Press, 2006;
Business Grammar
Builder by P.
Emmerson,
Macmillan, 2006;
Macmillan English
Dictionary for
AdvLearners
Internet.
Revision of the
material
Discussion
15
100
Test
List of main and additional literature
Main literature
1.Professional English in Use Finance by Ian MacKenzie, Cambridge University Press, 2007
Additional literature
1. Business Vocabulary in Use, Oxford
2. Business Grammar Builder by Paul Emmerson, Macmillan, 2006
3. Macmillan English Dictionary for Advanced Learners
4. The Internet.
Course Policy
Mastering the discipline “Professionally Oriented Foreign Language” provides for mandatory
attendance at lectures, practical and laboratory classes and independent work.
Independent work includes theoretical study of issues related to those lectures, which were
not included in the theoretical course or were considered briefly, in-depth study on the
recommended literature.
Independent work of the student with the teacher includes a more in-depth study and
consolidation of those lectures. For IWST the student gets prepared on topics and answer
questions.
In the case of absence for a good reason (duly certified), the student can make up for the
missed material.
The first and second midterm rating is carried as a review and evaluated on a 100 point scale.
Terms of mastering the course:
- Compulsory attendance;
- Activity during practice sessions;
- Preparation for the course homework and IWS, etc;
- Meeting the deadlines;
- To be tolerant, open and friendly;
- Constructively provide feedback in all classes;
- Be punctual and diligent;
It is unacceptable:
- to miss classes without a reason;
Ф-ПР-02.3.2-05-2014-03 Syllabus
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- to be late or leaving classes (a student is not allowed to attend classes if he is late. For
breaching the discipline a student leaves the audience and gets 0 points);
- to use cell phones during classes;
- to be late with homework;
- to cheat in exams. For cheating a student is removed from the audience, and he gets 0
points;
If, for any valid reason you are absent during control work, you have the opportunity to take
it at the time appointed by the teacher, otherwise you get a "0" score.
Policy of academic conduct and ethics are based on the Code of corporate culture, the Code
of Ethics of the student, and the Rules of Procedure of the ALMU.
Completed by: Senior teacher ___________I. Agashkina, Professor ________ P. Iskhakova
Ф-ПР-02.3.2-05-2014-03 Syllabus