lesson 7

Lesson 7

* Comprehesion Check *

A. State whether each statements is true or false based on the reading passage

1. The use of computers has changed the nature of accounting . ( True )
2. As an accountant, Miss Williams will merely enter credits and debits injournals and ledgers.      ( True )

3. A balance sheet which appears in a bank’s annual report is prepared by the tellers. ( False)
4. The statement of condition lists assets and liabilities. ( True )
5. A profit and loss statement is prepared at the end of each  twelve month period. ( True )
6. A bank accountant must determine the proper classes for entries. ( True )
7. Some of the categories that the accountant must use include notes, interest income and loans.   ( True )
8. All banks use only the accrual system in their bookkeeping departments.(False)

9. The bank’s accounting department does not calculate the depreciation of premises and equipment. ( False )
10. A bank’s customers and tellers transact business in the bank lobby.(True)

C. Answer each the following questions orally

1.      What are some of duties of a bank accountant ?

Some of duties of a bank accountant are do much than just enter credits and debits in long back journals and ledgers. One of the most important things that they do in their department is prepare the balance sheet that determines the stockholders equity and which appears in the bank’s annual report.

2.      What is a statement of condition and what does it contain ?

Statement of condition is the balance sheet that contain the lists assets and liabilities in the same way, although some of the items are different at the bank.

3.      How often is a profit and loss statement issued ?

A profit and loss statement issued at the end of each fiscal period.

4.      What are some of the categories bank accountants assign entries to ?

Some of the categories bank accountants assign entries to the proper category are the heading loans, notes, commercial paper, occupancy, debentures, interest income and expenses, and so forth.

5.      What operations are carried out in a bank’s lobby?

The complex financial operations is the most. That operations are handled in offices away from the lobby, offices that our customers rarely get to see..

lesson 5

Lesson 5

* VOCABULARY *

credit_ confidence or trust in the borrower's promise to repay a loan;(colloquially) the loan itself

kredit_ keyakinan atau percaya pada janji peminjam untuk membayar pinjaman; (bahasa sehari-hari) pinjaman itu sendiri

consumer credit_ credit that a bank gives to individual borrowers to help them buy household appliances or to finance improvements intheir homes

kredit konsumen _kredit bank yang memberikan kepada setiap peminjam untuk membantu mereka membeli peralatan rumah tangga atau untuk membiayai perbaikan di rumah mereka

passbook loan_a loan that a bank gives to a borrower who uses his savings account as collateral

rekening pinjaman_ pinjaman bank yang memberikan kepada seorang peminjam yang menggunakan rekening tabungan sebagai jaminan

credit bureau_an agency that gathers information about how people   have repaid their loans in the past

biro kredit_sebuah lembaga yang mengumpulkan informasi tentang bagaimana orang-orang sudah mengembalikan kredit di masa lalu

reporting agency_(here) another name for a credit bureau

agen pelaporan_di sini) nama lain untuk sebuah biro kredit

data_information

data_ informasi

character_a person's moral qualities

karakter_kualitas moral seseorang

capacity_ability

kapasitas _kemampuan

loan agreement_a contract between a lender and a borrower

perjanjian pinjaman_sebuah kontrak antara pemberi pinjaman dan peminjam

cash flow_enough cash to meet one's obligations; the movement of money to and from a firm or individual

arus kas_cukup uang untuk memenuhi kewajiban seseorang; pergerakan uang ke dan dari suatu perusahaan /individu

budget_a list of costs and expenses

anggaran_ daftar biaya dan pengeluaran

profile_a budget that helps a borrower determine his capacity to repay a loan

profil_anggaran yang membantu menentukan kemampuan peminjam untuk membayar pinjaman

lesson 4

Lesson 4

*Structure Practice*

A. Rewrite the following story in the present

1. Sam is making a deposit

ü Sam has made a deposit

2. He is filling out a deposit slip

ü He has feeld out a deposit slip

3. He is bringing the slip and his money to the teller

ü He has brought the slip and his money to the teller

4. The teller is taking the deposit from Sam

ü The teller has taken the deposit from Sam

5. The teller is saying “ thank you “

ü The teller has said “ thank you “

B. Rewrite the following paragraph in the present perfect

            1.  Tom and Alice buy a car

ü Tom and Alice bought a car

           

2. They get an auto loan

ü They have got an auto loan

3. The bank gives them the loan at 16%

ü The has given them the loan at 16%

4. Interest rates rise a lot

ü Interest rates have risen a lot

5. They tell me the loan is for three years

ü They have told me the loan is for three years

C. Select the form of the verb that correctly completes each sentence

            1. The price of gasoline is risen(b)  steadily

            2. My bank has not yet begun(c) to offer variable-rate mortagages

            3. Hasn’t she spoken(a) with the people in the loan department yet?

            4. Since he defaulted on his mortgage payments, the bank taken(b)                             

               possession of his house.

            5. Does he hold(a) a good job?

            6. How many checks did you write(a) this month ?

            7. We’ve known(a) about variable rate mortgages for a long time.

            8. They say that interest rates are falling(b)

* Building Sentences *

A. Complete each of the following sentences with the appropriate preposition

1.      He’s teller in/at the Riverside Bank

2.      We want to get financing for/to a new house

3.      I’ve learned a lot of mortgages

4.      They paid the same rate of thirty years

5.      The bank insists of variable-rate mortgages.

B. Rewrite each og the following sentences replacing must with be forced to

1. The bank must close

ü The bank is forced to close

2. He must accept a variable-rate mortgage

ü He is forced to accept a variable-rate mortgage

3. We must raise our fees

ü We are forced to raise our fees

4. I must report this to the manager

ü I am forced to report this to the manager

5. They must apply for a loan at a different bank

ü They are forced to apply for a loan at a different bank

* Reading Plus *

Question

            1. What index does the Brookline Savings Bank use to determine current

                mortgage rates?

    The index used by the Brookline Savings Bank is the Federal Home Loan 

    Bank Board’s Conventional Home Mortgage Closing Rates, All Lenders/All

    Home ( U.S. Effective Rate) as most recently published in the FHLBB

    First District Facts, rounded to the nearest ¼ of 1%.

2. What causes changes in the cost of money that a savings bank lends ?

 Cause the cost of money a savings bank lends to you changes with the rate of interest it pays its depositors, the VRM is an equitable method of financing for both home buyers and lenders

3. How long is guaranteed-rate period ?

    Guaranteed-rate period is ranging from six months to five years.

4. By how much may the bank increase your mortgage rate?

    The bank increase my mortgage rate  if the indeks is ¼% or more above my mortgage rate, an      increase may be made at the option of the bank.

5. Must the bank increase your mortgage rate if the FHLBB rate increases?

    If it decreases?

    No. If the FHLBB rate is ¼% or more above my mortgage rate, an increase may be made at the option of the bank. If the FHLBB rate is is ¼% or more below my mortgage rate, my mortgage rate must be decreased by the bank.

6.      Is there any limit to how high your rate can go over the life of the mortgage?

There is,however, no limit to how high or low my rate can go over an extended period of time.

7.      When does the bank inform the mortgage about changes in his or her mortgage rate ?

The bank inform the mortgage about changes in his or her mortgage rate at least 30 days before the new rate is go into effect.

8.      Study the example of the $50.000 loan

a.      What was the initial rate ?

The initial rate was 9.10 %

b.      How many increases were there over these five years ?

There over these five years is 6 increases from 12 months until

   42 months

c.       How many decreases ?

Decreases is 3 from 48 months until 60 months

d.      How much did monthly payments rise over the five years ?

Monthly payments rise over the five years is $54,71

To be

The Verb To Be

Probably the best known verb in the world: "To be or not to be..."

Forms of To Be
	Present	Past	Perfect Form	Continuous Form
I	am	was	have / had been	am / was being
he / she / it	is	was	has / had been	is / was being
you / we / they	are	were	have / had been	are / were being

Normally we use the verb to be to show the status or characteristics of something or someone (as a stative verb). It says what I am, what you are or what something is.

Present Simple (stative)
I am a teacher.	You are a student.	He /She is a student.	It is a car.	We are all teachers.	They are students.
Past Simple (stative)
I was a student.	You were a student.	He /She was a student.	It was a nice day yesterday.	We were all students once.	They were students.
Future Simple (stative)
I will be a student.	You will be a teacher.	He / She will be a teacher.	It will be nice later.	We will be teachers.	They will be students.

When used with the present participle of other verbs it describes actions that are or were still continuing - auxiliary verb be [+ ing form of the main verb].

Present Continuous (active)
I am being silly.	You are being silly.	He /She is being silly.	It is being silly.	We are being silly.	They are being silly.
Past Continuous (active)
I was being silly.	You were being silly.	He /She was being silly.	It was being silly.	We were being silly.	They were being silly.

Am/Is/Are
The verb to be is used to create simple yes/no questions by simply inverting the order of subject and the “To be” verb.
For example:-
I am a teacher. (Statement)
Am I a teacher? (Question)

Question	Positive Statement	Negative Statement (possible short forms)
Singular
Am I ...?	I am ... (I'm ...)	I am not ... (I'm not ...)
Is he / she / it ...?	He / She / It is ...(He's/She's/It's ...)	He / She / It is not (He / She / It isn't... // He's / She's / It's not ...)
Are you ...?	You are ...(You're...)	You are not (You're not ...// You aren't...)
Am I being ...?	I am being ...	I am not being ... (I'm not being...)
Is he / she / it being...?	He / She / It is being ... (He's/She's/It's being ...)	He / She / It is not being ... (He / She / It isn't being...// He/she/it's not being...)
Are you being ...?	You are being ... (You're being ...)	You are not being ... (You're not being ... // You aren't being...)
Was I ...?	I was ...	I was not. ..
Was he / she / it ...?	He / She / It was ...	He / She / It was not ... (He / She / It wasn't)
Were you ...?	You were ...	You were not ... (You weren't ...)
Was I being ...?	I was being ...	I was not being (I wasn't being...)
Was he / she / it being...?	He / She / It was being ...	He / She / It was not being ... (He / She / It wasn't being... )
Were you being ...?	You were being ...	You were not being ... (You weren't being ...)
Will I be ...?	I will be ... (I'll be ...)	I will not be ... (I'll not be ...)
Will he / she / it be ...?	He / She / It will be ...(He'll / She'll / It'll be ...)	He / She / It will not be (He / She / It won't be ... // He'll not be / She'll not be / It'll not be ...)
Will you be ...?	You will be ...(You'll be ...)	You will not be (You won't be ... // You'll not be ...)
Plural
Are we / you / they?	We / You / They are (We're / You're / They're)	We / You /They are not (We're / You're / They're not // We / You / They aren't)
Are we / you / they being ...?	We / You / They are being ... (We're / You're / They're)	We / You /They are not being (We're / You're / They're not being // We / You / They aren't being)
Were we / you / they ...?	We / You / They were ...	We / You / They were not ... (We / You / They weren't ...)
Were we / you / they being ...?	We / You / They were being ...	We / You / They were not being ... (We / You / They weren't being ...)
Will we / you / they be ...?	We / You / They will be ...(We'll / You'll They'll be ...)	We / You / They will not be (We / You / They won't be ... // We'll / You'll They'll not be ...)

Examples

	Am/Are	Is
Question - ?	"Am I disturbing you?"	"Is this your coat"
Positive Answer - Yes	"Yes you are."	"Yes it is"
Negative Answer - No	"No you're not."	"No it isn't"
	Was / Were	Was
Question - ?	"Was I disturbing you?"	"Was that your old house?"
Positive Answer - Yes	"Yes you were ."	"Yes it was "
Negative Answer - No	"No you weren't."	"No it wasn't."

!Note - The verb to be is also used when forming the passive voice.

To do

The Verb To Do

The verb to do is another common verb in English. It can be used as an auxiliary and a main verb. It is often used in questions.

Forms of To Do
	Present	Past	Perfect Form	Continuous Form
I / you / we / they	do	did	have / had done	are / were doing
he / she / it	does	did	has / had done	is / was doing

As an auxiliary verb do is used with a main verb when forming interrogative or negative sentences, or for adding emphasis. It is also called the dummy operator or dummy auxiliary.

Question	Positive Statement (spoken)	Negative Statement (spoken)
Singular
Do I?	I do	I do not (I don't)
Do you?	You do	You do not (You don't)
Does he/she/it?	He/she/it does	He/she/it does not (He/she/it doesn't)
Plural
Do we?	We do	We do not (We don't)
Do you?	You do	You do not (You don't)
Do they?	They do	They do not (They don't)

Examples

	Do	Does
Question - ?	"Do you always take the bus to work?"	"Does she ever do her homework on time?"
Positive Answer - Yes	"Yes I do."	"Yes she does."
Negative Answer - No	"No I don't."	"No she doesn't."

When using the continuous tense do becomes doing and it doesn't change.

	Doing
Question - ?	"Are you doing your homework?"
Positive Answer - Yes	"Yes I am ."
Negative Answer - No	"No I'm not."

When using the simple past tense do becomes did and it doesn't change.

	Did
Question - ?	"Did you always take the bus to work?"
Positive Answer - Yes	"Yes I did ."
Negative Answer - No	"No I didn't ."

When using the perfect tense do becomes done and it doesn't change.

	Done
Question - ?	"Have you done your homework?"
Positive Answer - Yes	"Yes I have ."
Negative Answer - No	"No I haven't."

More functions for the verb “to do”
The verb “to do” works as a main verb.
For example:-
YT - My husband does the dishes.
ST - Gosh! Did he do them yesterday?
YT - Yes he did.
Do is used as an auxiliary verb (dummy auxiliary) in the question form.
For example: I know the way. Do you know the way?
Do is used for emphasis in positive statements.
For example: I do like this beer!
!Note - As an auxiliary verb 'do' is always followed by the base form of the main verb (infinitive).

To have

The Verb To Have

Forms of To Have
	Present	Past	Continuous
I / you / we / they	have	had	having
he / she / it	has	had	having

Have is one of the most common verbs in the English language. It functions in various ways.

To have as a main verb

The verb “to have” implies the meaning of possession.
For example: “I have a job.” “I have a car.“ "I don't have any time."
In this form it does not take the continuous form (for that you have to use the auxiliary verb be).
For example: “I am having a shower.” “Are you having a good time?"
The forms of the verb “to have” are have and has for the present and had for the past.

Question	Positive Statement (spoken)	Negative Statement (spoken)
Singular
Have I?	I have (I've)	I have not (I haven't/I've not)
Has he/she/it?	He/she/it has (He/she/it 's)	He/she/it has not (He/she/it hasn't)
Have you?	You have (You've)	You have not (You haven't/You've not)
Had I / he / she / it / you?	I / He / She / It / You had (I'd / He'd / She'd / You'd)	I / He / She / It / You had not (I / He / She / It / You hadn't)
Plural
Have we / you / they?	We / You / They have (We've)	We / You / They have not (We / You / They haven't // We've / You've not)
Have you?	You have (You've)	You have not (You haven't/You've not)
Have they?	They have (They've)	They have not (They haven't/They've not)
Had I / he / she / it / you?	I / He / She / It / You had (I'd / He'd / She'd / You'd)	I / He / She / It / You had not (I / He / She / It / You hadn't)

Have is often used to indicate possession (I have) or (I have got).
Examples

	Have	Have got
Question - ?	"Do you have a car?" or "Have you a car?"	"Have you got a car?"
Positive Answer - Yes	"Yes I have a car."	"Yes I've got a car."
Negative Answer - No	"No I don't have a car."	"No I haven't got a car."

To have as an auxiliary verb

The verb “to have ” is used as an auxiliary verb to help other verbs create the perfect tense - auxiliary verb have [+ past participle].
For example, “I have studied English for five years;” or “I have never been to America.” "I have eaten."

Present Perfect
I have been a teacher.	You have been a student.	He / She has been a student.	It has been nice.	We have been students.	They have been students.
Past Perfect
I had been a teacher for several years.	You had been a student for several years.	He / She had been a student for several years.	It had been nice for several hours.	We had been students for several years.	They had been students for several years.
Future Perfect
I will have been a teacher for several years.	You will have been a student for several years.	He / She will have been a student for several years.	It will have been nice for several years.	We will have been students for several years.	They will have been students for several years.

Question	Positive Statement	Negative Statement (possible short forms)
Singular
Have you been ...?	You have been ...(You've been ...)	You have not been ... (You haven't been ... // You've not been ...)
Plural
Have we / you / they been ...?	We / You / They have been ...(We've / You've They've been ...)	We / You / They have not been ... (We / You / They haven't been ... // We've / You've They've not been ...)

For example:

Question - ?	"Have you washed your face today?"
Positive Answer - Yes	" Yes, I have."
Negative Answer - No	" No, I haven't."
Question - ?	"Have you ever had a heart attack?"
Positive Answer - Yes	" Yes, I'm afraid I have."
Negative Answer - No	" No, thank goodness, I haven't."

The use of have to

In addition to the two forms, there is another use for have as a modal verb; have to or have got to. This, of course, must be followed by another verb "We have to do something".

	Have to	Have got to
Question - ?	"Do you have to leave early?"	"Have you got to leave early?"
Positive Answer - Yes	"Yes I have to." or "Yes I do"	"Yes I've got to."
Negative Answer - No	"No I don't have to."	"No I haven't got to."

lesson 1_lesson 4

v  Lesson 1

1.     . What does a bank manager do?
Make decision to manage an enterprise

2.     How many windows are open on Friday?
Six windows.

3.     Why do they need so many windows on Friday?
Many people get their paychecks on Friday and they come in to deposit them.

4.     What are some of the ways in which customers cause delays?
Many customers still forget to endorse their checks or try to open or close joint account with the signature in only one of the parties.

5.     What does a depositor have to do to open or close a joint account?
Step 1. Choose the bank you wish to use. It can be either the bank that you or your partner uses now or another one.
Step 2. Decide what type of joint account you need. Joint tenants with rights of survivorship is the most common of joint account. This type of account will pass all of the assets in the account to the surviving tenant if one of you dies. Tenant in common accounts decree that if one of you dies, half of the account assets revert to the decedent's estate. Tenancy by the entirety accounts require that both of you sign or approve any transactions in the account.
Step 3. Open a joint trust account if you want to include special provisions on the account. This will require drawing up a trust that names both you and your partner as co-trustees. You can do this with many different types of trust accounts serving any number of objectives.
Step 4. Consider the nature of your relationship with your partner when choosing the type of joint account to open. If you are married, then a JTWROS account is probably appropriate; if you have a domestic partner or business relationship, then tenancy in common may be a better fit.
Step 5. Fill out the account application, either online or at the bank (usually the latter). You may have the option of listing alternate beneficiaries if something happens to both of you. Be sure to mark the appropriate type of tenancy on the application. You will each have to supply at least one form of picture ID and sign signature card.

6.     Why the computers important to a bank?
As computers improve, they are able to accomplish more difficult tasks and they help us serve our costumers better.

7.     How do term-deposit accounts help a bank got new costumers?
The bank must give to reward prize to costumers and also the bank must give insurance.

8.     Why does the bank manger want her staff to have the latest information on term-deposit accounts?
That they can advise our depositors correctly.

9.     How much money does Jane Carson’s bank have in assets?
The total of our current assets and fixed assets comes to 15.550.000 dollars.

10.  Why is Mrs. Carson hopeful about the future of her bank?
Because the number of customers we serve has increased this year and I expect that it will continue to grow in the future.

v  Lesson 2

1.     Why do checking account holders have to pay a service charge?
Because the holders have to pay a service charge for the bookkeeping involved in administering the account.

2.      What information appears on a monthly statement?
The information on a monthly statement are all the checks that the bank paid and all deposits that the account holder made during the month.

3.     What does "insufficient funds" mean?
It's mean that checking account balance that is too small to cover a check that the account holder has written.

4.     4. How can N.O.W. account holders avoid paying a service charge?
Account holders can avoid paying a service charge by keeping a minimum balance in their account.

5.     In what ways has the difference between saving banks and commercial banks gotten smaller in the U.S.?
In pay interest like savings account.

v  Lesson 3

1.     Which part of the bank takes care of loans?
The part of the bank which takes care of loans in loan departement.

2.     What do you have to fill out if you want a loan?
If i want a loan i have to fill out loan application.

3.     How did Mr. Fanelli learn about loans?
Mr. Fanelli learned about loans by asking Mr. Baker who is a loan officer.

4.     What kind of loan is a commercial loan?
A commercial loan is a loan for bussinesses.

5.     Will Mr. Fanelli make monthly payments?
Yes, he will make monthly payments.

6.     What is the current rate of interest on car loans?
The current rate of interest on car loans is 16%.

7.     How does Mr. Fanelli's new car serve as collateral for the loan?
Mr. Fanelli's new car serve as collateral for loans if he default then the bank will take possession of the car.

8.     How does the bank decide whether or not to give Mr. Fanelli a loan to buy a new car?
The bank decides whether or not give Mr. Fanelli a loan to buy a new car by checking his credit file before.

9.     What did Mr. Fanelli and his wife use their charge card for?
Mr. fanelli and his wife used their charge card for buying furniture and tickets for holiday.

10.   Did Mr. Fanelli and his wife pay off their debits in the past?
Yes, he did.

v  Lesson 4

1.     What kind of a loan does Susan Thomas want to get ?
A mortgage loan

2.     Why hasn't it been easy to get one ?
Because there are some problem with the bank such as interest rate rising and money become very tight lately.

3.     Why don't banks want to offer fixed rate mortgages anymore ?
Because the supply of mortgage money become very tight lately,with interest rates rising.

4.      How long is the usual life of a mortgage ?
30 years.

5.     What is it that changes in a variable rate mortgage ?
The interest rates banks pay on deposits.

6.      How often does the bank adjust the interest rate on a variable rate mortgage ?
every six months.

7.     Why does Mrs.Thomas find variable rate mortgage upsetting ?
Because variable rate mortgages must greatly increase the possibility of the bank's fore closing.

8.     What is the guaranteed rate period ?
Guaranteed rate period of six months to five years.

9.     How much does the bank require as a down payment ?
Between 10 and 20% of the purchase price.

10.   How long does it take for the yorktown Bank approve an application for a mortgage loan ?
a week or ten days.

v  Vocabulary Of Accounting

- to fill out _mengisi atau menulis informasi yang dibutuhkan.
- to sign _menandatangani atau menulis sebuah nama.
- rate _jumlah presentase.
- computer _mesin elektronik yang memiliki memori & operasi matematika yang sulit.
- to accomodate _mengurus sesuatu / mengakomodasi.
- assets _semua kepunyaan perusahaan / bank yang memiliki nilai.
- liabilities _hutang perusahaan / bank.
- to owe _berhutang
- solvent _ mampu untuk membayar semua hutang - hutang.
- balance sheet _neraca atau pernyataan akan aktiva & kewajiban perusahaan.
- joint account _rekening bersama.
- term - deposit account _masa rekening deposito.
- saving accounts _rekening penyimpanan.
- depositor _penabung, penyimpan, penyetor.
- interest _ketertarikan.
- signature _tanda tangan.
- withdrawal slip _tanda bukti pengambilan uang.
- assets _aktiva.
- passbook _buku surat.
- deposit slip _tanda bukti penyimpanan.
- withdraw _penarikan.
- endorse _mengabsahkan.
- customers _pelanggan.