1. The final product of the accounting process is the balance sheet.
2. A balance sheet is a first statement that provides a summary of what a company owns and what it owes on one particular day.
3. It provides information for a specific point in time, for example, on January 30, 1993.
4. Assets represent everything of value that is owned by a business, liabilities are the debts which is a company owes.
5. Owners or stockholders equity is determined by subtracting liabilities from assets.
6. It can be represented by the fundamental accounting equation assets equal liabilities plus owner equity.
7. Yes, it does. Because one side must equal the other. If not, it must be wrong with the recording.
8. A balance is useful for a business, because it provides a financial picture of a company on a particular day. It provides managers with financial information for company decision making.
Tampilkan postingan dengan label tulisan portofolio. Tampilkan semua postingan
Tampilkan postingan dengan label tulisan portofolio. Tampilkan semua postingan
Kamis, 24 Desember 2009
COMPREHENSION ABOUT ACCOUNTING
1. Accounting is called the “Language of Business” because of its ability to communicate financial information about an organization.
2. In order to achieve a standardized accounting system, the accounting process follows accounting principles and rules.
3. Revenues are incoming money and expenditures are out going money.
4. The balance sheet and the income statement are two common financial statements. They are different, the first shows the financial position of a company at one point of time, while the seconds shows the financial performances of a company over a period of time.
5. The information contained in financial statements might be useful to creditors. It helps them to find out whether the company will able to repaid the credit on time or not.
6. In The United States, accountants are classified as public, private, and governmental
7. Public accountant provide accounting services such as auditing and tax computation to companies and individuals.
8. A CPA is a Certified Public Accountant. Yes, we had formerly Faculty of Economics graduates of 5 elite universities got “Drs, ….. AK” degree.
9. Accounting-public because accountant has good knowledge about accounting principles and rules.
10. Some company financial decision makings might be based on accounting information. For example the management went to expend its business to build a bigger factory to introduce new variety of goods.
2. In order to achieve a standardized accounting system, the accounting process follows accounting principles and rules.
3. Revenues are incoming money and expenditures are out going money.
4. The balance sheet and the income statement are two common financial statements. They are different, the first shows the financial position of a company at one point of time, while the seconds shows the financial performances of a company over a period of time.
5. The information contained in financial statements might be useful to creditors. It helps them to find out whether the company will able to repaid the credit on time or not.
6. In The United States, accountants are classified as public, private, and governmental
7. Public accountant provide accounting services such as auditing and tax computation to companies and individuals.
8. A CPA is a Certified Public Accountant. Yes, we had formerly Faculty of Economics graduates of 5 elite universities got “Drs, ….. AK” degree.
9. Accounting-public because accountant has good knowledge about accounting principles and rules.
10. Some company financial decision makings might be based on accounting information. For example the management went to expend its business to build a bigger factory to introduce new variety of goods.
Jumat, 04 Desember 2009
Cristiano Ronaldo ~ Worlds best footballplayer 07-08
Cristiano Ronaldo 2007-2008 Promo. Season- 2007-2008 07/08 07-08 2007/2008 Barclays Premier League Manchester United - Cristiano Ronaldo - 23 Years old Club : Manchester United Country : Portugal Birth place: Madeira, Portugal 6 Champions League Games - 5 Goals Name : Cristiano Ronaldo Club : Manchester United Coach : Sir Alex Ferguson Favourite Move : Trebella Feet : Right and Left Country : Portugal Birth Playce : Madeira, Portugal 23 Years old 42.500.000 Million € 53 Games for the National Team of Portugal Birth Date : 05.02.1985 In Season 07/08 : 38 Games , 31 Goals , 6 Assists , 6 Yellow Cards , 1 Red Card , Totaly Minutes : 3242 Most Goals in 1 Game : Against Newcastle United C.Ronaldo scored 3 Goals against Newcastle more tags: Arsenal, Aston Villa, Blackburn Rovers, Birmingham City, Bolton, Chelsea, Derby County, Everton, Fulham, Liverpool, Manchester City, Manchester United, Middlesbrough, Newcastle United, Portsmouth, Reading, Sunderland, Tottenham Hotspur, West Ham United, Wigan Athletic. manchester united, sporting lisbon, portugal, english premier league, skills, goals, rabona hocus pocus, sent off rooney, world cup, CR7, CR17, amazing goal, joga bonito, champions league, carling cup league cup, fa cup, skillz, freekick, penalty, bbc motd, skysports, setanta sports, itv sport, nike vapor, rooney, nani, tevez, giggs, alex ferguson, pfa player of the year, pfa young player of the year.
Rabu, 25 November 2009
Supply its Definition
1.Accounting is specialized in collecting, recording, classifying, summarizing
interpreting and reporting financial information of a business.
2.Accountant is a specialist in the field of accounting.
3.Public accountant is an accountant who provides accounting services such as
auditing, and tax computation to companies and individual and receive fee for his
services.
4.Governmental accountant is an accountant who works with government agency of
bureau.
5.Private accountant is an accountant who works to company.
6.CPA stands for certificate public accountant.
7.Balance sheet is financial statement that shows financial atatus of a company on
particular time (on point in time).
8.Income statement is financial statement that shows financial performance of a
company over a period of time.
9.Assets are anything of value own by a company.
10.Current assets are assets that are easily changed in to money such as cash,
account receivable, inventories.
11.Fixed assets are assets that take time to be changed in to money such as
property, building, machinery, equipment.
12.Liabilities are debts own by a company.
13.Current liabilities are that must soon be paid such as account payable, income
taxes payable.
14.Fixed liabilities are liabilities that can be repaid over a longer year of time.
15.Bookkeeper is a specialist in recording and maintaining a ledger.
16.International trade is trade with foreign countries.
17.Multinational Corporation is a company which is primarily based in one country
and has production and marketing activities in foreign countries.
18.Subsidiary is a company which more than 50% off it share belongs to the parent
company.
19.Capital is money that it’s used to start and continue operating a business.
20.Accounting equation is assets equal, liabilities plus owners equity.
21.Theory of absolute advantage a nation ought to specialist in the goods that it
can produce more efficiently that each competitors or in the goods that no other
nations can produce.
22.Theory of comparative advantage a nations ought to concentrate to produce in the
good that it can produce most efficiently and profitable.
23.Marketing is a movement of goods and services that satisfy the customer and
achieve the companies’ objective.
24.Price leaders are producer who has established the market place.
25.Profit is money that remains after all expenses are paid.
26.Primary goal of doing a business to create an economic surplus or profit.
27.Common channel of distribution of manufacturer – whole seller – retailer –
customer.
28.Is the combination of product, price, promotion, and placement
29.Promotion is communication about the product that takes places between buyers and
sellers.
30.Stock broker in between business man in the stock exchange.
interpreting and reporting financial information of a business.
2.Accountant is a specialist in the field of accounting.
3.Public accountant is an accountant who provides accounting services such as
auditing, and tax computation to companies and individual and receive fee for his
services.
4.Governmental accountant is an accountant who works with government agency of
bureau.
5.Private accountant is an accountant who works to company.
6.CPA stands for certificate public accountant.
7.Balance sheet is financial statement that shows financial atatus of a company on
particular time (on point in time).
8.Income statement is financial statement that shows financial performance of a
company over a period of time.
9.Assets are anything of value own by a company.
10.Current assets are assets that are easily changed in to money such as cash,
account receivable, inventories.
11.Fixed assets are assets that take time to be changed in to money such as
property, building, machinery, equipment.
12.Liabilities are debts own by a company.
13.Current liabilities are that must soon be paid such as account payable, income
taxes payable.
14.Fixed liabilities are liabilities that can be repaid over a longer year of time.
15.Bookkeeper is a specialist in recording and maintaining a ledger.
16.International trade is trade with foreign countries.
17.Multinational Corporation is a company which is primarily based in one country
and has production and marketing activities in foreign countries.
18.Subsidiary is a company which more than 50% off it share belongs to the parent
company.
19.Capital is money that it’s used to start and continue operating a business.
20.Accounting equation is assets equal, liabilities plus owners equity.
21.Theory of absolute advantage a nation ought to specialist in the goods that it
can produce more efficiently that each competitors or in the goods that no other
nations can produce.
22.Theory of comparative advantage a nations ought to concentrate to produce in the
good that it can produce most efficiently and profitable.
23.Marketing is a movement of goods and services that satisfy the customer and
achieve the companies’ objective.
24.Price leaders are producer who has established the market place.
25.Profit is money that remains after all expenses are paid.
26.Primary goal of doing a business to create an economic surplus or profit.
27.Common channel of distribution of manufacturer – whole seller – retailer –
customer.
28.Is the combination of product, price, promotion, and placement
29.Promotion is communication about the product that takes places between buyers and
sellers.
30.Stock broker in between business man in the stock exchange.
Exercice - Vocabulary
A. Substitute appropriate terms for the italicized words or phrases in the sentences below
Status agencies monitored maintain independently
Procedure fee hire rigorous solely
1. Many accounting departments have strict entrance requirements; only the most qualified applicants are allowed to enter these programs. (rigorous)
2. The particular method used to process employee insurance claims may vary from company to company. (procedure)
3. The stock market is closely watched every day. (monitored)
4. Rather than expand into foreign lines, the dress shop manager chose to deal only with domestic fashion designers. (solely)
5. Although the consultant’s charge for services was high, his guidance and advice were well worth the money. (fee)
6. The financial condition of a company is reflected in its financial statements. (status)
7. When the business began to expand, a second bookkeeper was brought in to help keep the books. (maintain)
8. In the United States there are numerous organizations that provide services at the local, state, and national levels. (agencies)
Fill in the blanks below with the most appropriate terms from the list
Parties financial statement reflected standardized allows
Whereas interpretations informed communicates rigorous
An income statement is one example of a financial statement. It reflected financial information about a company over a period of time. A standardized format is used to present the financial information. This allows interested parties to compare one income statement to another in order to make informed financial decisions. But there is still a great deal of risk involved in financial decision making because the information communicates in an income statement is subject to a variety of interpretation.
Kata - kata yang sulit
Fee : upah
Hire : mempekerjakan
Rigorous : ketat
Solely : hanya
Whereas : padahal
Status agencies monitored maintain independently
Procedure fee hire rigorous solely
1. Many accounting departments have strict entrance requirements; only the most qualified applicants are allowed to enter these programs. (rigorous)
2. The particular method used to process employee insurance claims may vary from company to company. (procedure)
3. The stock market is closely watched every day. (monitored)
4. Rather than expand into foreign lines, the dress shop manager chose to deal only with domestic fashion designers. (solely)
5. Although the consultant’s charge for services was high, his guidance and advice were well worth the money. (fee)
6. The financial condition of a company is reflected in its financial statements. (status)
7. When the business began to expand, a second bookkeeper was brought in to help keep the books. (maintain)
8. In the United States there are numerous organizations that provide services at the local, state, and national levels. (agencies)
Fill in the blanks below with the most appropriate terms from the list
Parties financial statement reflected standardized allows
Whereas interpretations informed communicates rigorous
An income statement is one example of a financial statement. It reflected financial information about a company over a period of time. A standardized format is used to present the financial information. This allows interested parties to compare one income statement to another in order to make informed financial decisions. But there is still a great deal of risk involved in financial decision making because the information communicates in an income statement is subject to a variety of interpretation.
Kata - kata yang sulit
Fee : upah
Hire : mempekerjakan
Rigorous : ketat
Solely : hanya
Whereas : padahal
Selasa, 10 November 2009
WHAT IS BUSSINESS?
Bussines is a word that is commonly used in many different languages.But exactly what does it mean? The concept and activities of business have increased in modern times. Traditionally, business simply meant exchange or trade for things people wanted or needed. Today is has a more technical definition, and sale of goods and services for a profit. To examine this definition, we will look at its various parts.
First, production is the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts. Next, these product need to be moved from the factory to the marketplace. this is known as distribution. A car might be moved from a factory in Detroit to a car dealership in Miami.
Third is the sale of goods and services. Sale is the exchange of a product or service for money. Goods are products that people either need or want; for example, cars can be classfied as goods. Services, on the other hand, are activities that a person or group performsfor another person or organization. For instance, an auto mechanic performs a service when he repairs a car. A doctor also perform a service by taking care of people when they are sick.
Business, then, is a combination of all these activities: production, distribution, and sale. However, there is one other important factor. This factor is the creation of profit of economic surplus. A major goal in the functioning of an American business company is making a profit. Profit is the money that remains after all the expenses are paid. Creating an economic surplus or profit is, therefore, a primary goal of business activity.
First, production is the creation of services or the changing of materials into products. One example is the conversion of iron ore into metal car parts. Next, these product need to be moved from the factory to the marketplace. this is known as distribution. A car might be moved from a factory in Detroit to a car dealership in Miami.
Third is the sale of goods and services. Sale is the exchange of a product or service for money. Goods are products that people either need or want; for example, cars can be classfied as goods. Services, on the other hand, are activities that a person or group performsfor another person or organization. For instance, an auto mechanic performs a service when he repairs a car. A doctor also perform a service by taking care of people when they are sick.
Business, then, is a combination of all these activities: production, distribution, and sale. However, there is one other important factor. This factor is the creation of profit of economic surplus. A major goal in the functioning of an American business company is making a profit. Profit is the money that remains after all the expenses are paid. Creating an economic surplus or profit is, therefore, a primary goal of business activity.
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