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Hello and Welcome to Business English Pros!

If you work in business, you probably know that financial reports are very important.

They show how much money a company makes, spends, and owes. But if you are learning English, understanding these reports can be hard. This podcast will help you learn the words and phrases you need to know to talk about financial reports in English.

That way you can feel more confident when you need to talk about business with other people.

Basic Financial Statements

1. Balance Sheet

2. Income Statement

3. Cash Flow Statement

4. Statement of Changes in Equity

Essential Vocabulary for Balance Sheet

Essential Vocabulary for Income Statement

Understanding financial reports is essential when working in business.

However, for ESL learners, understanding the words and phrases related to such reports can be challenging. This podcast aims to provide the necessary vocabulary used in financial reports to make it easier for ESL learners to understand and use them effectively.

In part one of this podcast, I've covered the basic financial statements with a brief explanation of each, the essential vocabulary for the balance sheet, and the vocabulary for an income statement.

I hope that it has helped you better understand the terms used in financial reports.

Stay tuned for part two where I'll deal with more advanced vocabulary used in financial reports. With a better understanding of these reports, ESL learners can feel more confident in discussing business and financial matters in English.

Keep practicing and reading financial reports to reinforce the new vocabulary learned. Part two of the podcast will be equally important, so make sure not to miss it.

Okay, that’s it for today's episode.

Thanks for listening, and don't forget to follow us for more exciting episodes to help you improve your Business English communication skills!