F2F Class Notes (Nick) [W]

Vocabulary

Educated guess – you’re making a guess, but you do have some information to help make the guess
e.g. The accounting team will have to make a few educated guesses about the departmental budgets for this year.

Project (v) – to make and educated financial guess
e.g. We will use last year’s spending to project spending for this year’s budget.

Stakeholders – anyone who could benefit from something
e.g. The stakeholders in the new company include the workers, the investors, and the people in the town.
(All of these people will benefit from the creation of the new company.)
Shareholders – the people who own part of a company (public investors); financial stakeholders
e.g. Today our boss will give a presentation on the budget for the shareholders.

Eligible – qualified to receive, but not guaranteed
e.g. Once you have worked at the company for six months, you will be eligible for a merit raise. However, you only get the raise if you pass a performance review.

Grammar

my colleague have provide – my colleague had provided / provided
e.g. To create a budget for the next year, my colleague had provided the labor cost information.
— This shows a relationship between the two actions, and shows the order of the actions. Here, providing information is done by the time that creating a budget begins.

they need I provide detailed number – they need me to provide
— When you use some helping verbs (to be able, need, want) then the next verb uses “to”
e.g. I will need you to provide that information.
e.g. I want you to go with me.
e.g. I will be able to go with you after I finish my homework.

Number of vs. number for – the first is for counting, the second for telling the period of measurement for a number
e.g. The number of people who attended the concert was 20,000.
e.g. The rate of inflation for 2017 was 3%.

At the end of August 2018, the CPI rose 2.3% year-on-year. The number of year 2017 was 5.8%. The percentage of these new hire employees will be calculated by their service months and performance.

By the end of August 2018, the CPI had risen 2.3% year-on-year. The number for 2017 was 5.8%. The new hires / newly-hired employees will (be eligible to) receive a merit raise calculated by their months of service and performance. (Or, without changing the order: The percentage of the standard merit raise which the newly-hired employees will be eligible for will be calculated by their months of service and performance.)