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