A: OK, so now the last point on our agenda. Jill, let’s go over the profit and loss statement. B: Great. Well, the main issue here, as you can see, is that our expenses are through the roof. A: Let’s see... These numbers are off the charts! What’s going on here! B: Well, um, sir, the company expenditures on entertainment and travel are out of control. Look at these bills for example. Just this month we’ve paid over twenty thousand dollars for hotel charges! A: OK, thank you. I’ll look into it. B: The list goes on and on. Here, this is a bill for five thousand dollars for spa treatments! A: Thank you; that will be all. I’ll take care of it. B: Look at this one sir, eight thousand dollars were expensed in one night at a place called ”Wild Things”?! A: OK, I get it!! Thank you for your very thorough analysis!
E: Hello everyone! And welcome to EnglishPod! My name’s Erica. M: And I’m Marco. E: So, Marco, how’re you doing today? M: I’m great! I’m really happy to be back, ready to deliver another great podcast for all our listeners. E: That’s right! And we’ve got an intermediate lesson today about spending money. M: Yeah, specifically, spending money in a company. E: That’s right, we’re going to be listening to a business meeting as a company describes how they’re spending money. M: Right, and they’re actually looking at their profit and loss statement, so… E: Okay. M: That’s kind of interesting. E: Well, Marco, can you tell us a little bit about a profit and loss statement? M: Uh, yeah, sure! Well, all companies come out with a profit and loss statement every year or every three months and it’s basically a document that shows all the money that the company is spending and all the money the money that the company is earning. E: So, it’s a document that outlines how much money the company makes and how much it… it spends. M: Right, so, in the end, basically, it’ll tell you we’re making money or we’re losing money. E: Okay, so, we’re gonna be listening to, uh, some people discuss a profit and loss statement in just a moment. But before we do that, it’s time for “vocabulary preview”. Voice: Vocabulary preview. M: Okay, great! So, today on our vocabulary preview we have two words for you, so, let’s take a look at the first one. E: Expenses. M: Expenses. E: Expenses. M: Expenses. E: So, expenses are things that you have to spend money on regularly. M: Right, so, for example, in a company regular company expenses are salaries or office supplies or the phone bills, internet bills. E: Okay, and maybe in a household or a family your expenses might be your food, perhaps your transportation or your rent or your heating bills, so, these are all things you spend money on regularly. They’re expenses. M: Expenses, great! Let’s take a look at our second word – through the roof. E: Through the roof. M: Through the roof. E: Through the roof. M: So, when something is through the roof, it’s… E: Really, really, really, really high. M: Really high. Hehe. So, for example, we can talk about gas prices are through the roof lately. E: Yeah, that’s totally true. Gas prices have gone really high in the past couple of months. M: So, when we talk about through the roof, it means that the number is really high. E: That’s right, we typically use this word with numbers. It also gives you the idea that the number has risen really quickly. M: Yeah, exactly! Hehe. E: Okay, so, through the roof. M: Through the roof. E: Alright, Marco, do you think it’s time for the dialogue? M: Yup, let’s listen to the dialogue. As always the first dialogue is gonna be a little bit fast, so, it might be a little bit difficult, but… E: Don’t worry if you don’t understand everything, because we will explain all the key language in a minute. DIALOGUE, FIRST TIME E: Okay, so, this accountant, she is, uh, pretty thorough, hey? M: Hehe. She’s really persistent about her job and the manager apparently is a little bit embarrassed. E: Hm, I wonder why that could be. M: Hehe. Well, we’ll talk about that in a little while. Why don’t we take a look at our language takeaway for today? Voice: Language takeaway. E: In today’s language takeaway we’re going to look at three words and the first word is expenditures. M: Expenditures. E: Expenditures. M: Expenditures. E: So, expenditures sounds pretty close to expenses, right? M: It’s pretty similar, but it has a little bit of a difference, so, why don’t we listen to some examples and see if we can understand? Voice: Example one. A: ??? to president I will increase expenditures on health and education by twelve per cent (12%). Voice: Example two. B: We really need to control our travel expenditures. From now on all managers will fly economy class. Voice: Example three. C: Because of the rise in oil prices expenditures on food are higher than they have ever been. E: So, expenditures is the total amount of money that you’re spending on something. M: Right, that’s the total amount of money versus expenses is the things that you spend money on. E: Okay, that’s really clear. M: Uhu. E: Our next word is out of control. M: Out of control. E: Out of control. M: So, when something is out of control, it’s… E: It’s crazy. M: Crazy, you can’t control it. E: Exactly, you can’t stop it. M: You can’t stop it, right. E: Out of control. M: Okay, great! Now, let’s take a look at our last word for today – go over. E: Go over. M: Go over. E: Go over. M: So, go over is a pretty simple word. Why don’t we listen to some examples, so we can understand go over? Voice: Example one. A: I need to go over this report one last time to make sure there’re no mistakes. Voice: Example two. B: Can you help me go over my presentation? I want to make sure it’s perfect. Voice: Example three. C: Let’s go over these numbers one more time and make sure there’re no mistakes. E: Yeah, this is a really common word and it basically means “look at carefully”. M: Yeah, or review. E: In English we often find simple little words, they fit together really well and you think “Oh, they’re so easy”. Like the word go, over. So easy. M: Hehe. Yeah. E: But it’s the way that they interact with each other that makes them… M: Or it makes you sound much better. E: Exactly, so, go over in this case, we might say, um “Let’s go over the lesson”. M: Let’s go over the lesson, yeah. E: Yeah. M: Or… E: That sounds great. M: Yeah, that’s… and that’s more, uh, natural way of saying something like that. E: Okay, so, we’ve taken look at our language takeaways for today. I think it’s time to listen to the dialogue one more time. M: And this time the dialogue will be slower, so we can understand and listen to all the words we just talked about. DIALOGUE, SECOND TIME (slow) E: Okay, so, I got it. M: Yeah, it’s clear now. E: Yeah, and you know, I heard a lot of really great phrases in this dialogue that I’d like to at now in “fluency builder”. Voice: Fluency builder. M: Great, so, today on fluency builder we have three words for you. Let’s start by looking at the first one – off the charts. E: Off the charts. M: Off the charts. E: Off the charts. M: So, this word is very similar to through the roof. E: Exactly, it also means really high. M: Right, so, let’s listen to some examples of how we can use off the charts in a different situation. Voice: Example one. A: Oil prices have gone up and our costs are off the charts. Voice: Example two. B: Excellent job Susan! Your sales are off the charts this year. Voice: Example three. C: Our losses are off the charts! That’s it! No bonuses for anyone! E: So, Marco, do you think I can change off the charts for through the roof in these examples? M: Yeah, you can. Definitely, you can use off the charts or through the roof, both of them mean the same thing. E: Okay, so, two ways of saying really, really, really high. M: Really high. But they’re very commonly used in a business setting. E: Yeah, that’s true. Okay, so, this next word is a phrase that you can use if you want to tell somebody that you’ll check something or you’ll investigate something. M: Right, and we heard it in our dialogue, so, let’s listen to the clip. Phrase 1: I’ll look into it. I’ll look into it. E: So, look into that that means I’ll check something. M: Yeah, I’ll see what’s happening. E: Yeah, does that mean you’re gonna take action? M: No, it doesn’t. E: Okay, so, I think we’ve got another word that does mean you’re going to take action. Phrase 2: I’ll take care of it. I’ll take care of it. M: So, this word means that you’re going to do something about it. E: I’ll take care of it. I will take responsibility. M: Exactly, so, I will do something