Today we will talk about what companies and employees can experience if they have bad management. You will read the text now, after reading answer the questions.

the students will be given a HO with the small text for reading. After they will be asked the CCQs and the T will clarify the MFP of the unknown words. Mismanagement - what happens if a manager takes things without honesty and responsibility Irregularities - a breach of rules and customs. Financial reporting - a formal record of the financial activities of a business, person, entity etc SEC - an agency of the US federal government which is responsible for enforcing federal law on securities and regulation of the securities industry Balance sheets- is a summary of the financial balance of the business organization Income statement - is one of the financial statementd of the company that shows revenues and expenses during a particular period

The students will be given a handout with the chart and phrases. They should describe what they see on the chart using the given expressions and useful phrases