Mid-Test

MATA KULIAH : BAHASA INGGRIS 4

PENGAJAR: USMAN
JURUSAN : AKUNTANSI
NAMA KELOMPOK :
1. Siti Nurjanah (14 621 004)
2. Rika Indah Sari (14 621 008)
3. Febby Isnaidi Yoandini (14 621 020)
4. Filma Anggi (14 621 047)
5. Fatimah (14 621 051)
6. Apriyanti Jumadina (14 621 055)
7. Riska Oktavia (14 621 064)
8. Denik Garianingtias (14 621 070)
Kelas : 4B Akuntansi D3
I.

Identify the range of people and groups who use accounting

information.
Accounting information users can be grouped into two categories as
follows:
Users of accounting information within the entity: owners,board of
directors, employess.
User
of
accounting
information
outside
the
entity:
investors,creditors,suppliers,customers,the public,state institutions and
other authorities. The owners, the board of directors and the employess
are interested in the information about their entity's stability and
profitability to support their future decisions. The owners and the board
of dorectors are particularly interested in the entity's ability to generate
profit, while the employees are interested in the entity's ability to to
provide remuneration, pensions, and others benefits, as well as career
opportunities. The current or potential investors are interested in the
risk-benefit relationship in order to make decisions regarding the
purchase, sale or retention of stocks, as well as the entity's ability to
pay dividends in order to estimate the return on invesment. The
financial creditors are interested in the information related to the
entity's reimbursement ability, in the due dates, in the financial
obligations to decide the increase, decrease or constant maintenance of
the level of credits and loans granted or the recovery of credits and
loans granted and ending any relationship with that entity. Supplier and
other trade creditors are interested in the entity's solvency to determine
whether the amounts owed will be paid at maturity, as well as to make
decisions such as : Initiating commercial links, maintaining, increasing
or decreasing trade relations, granting or canceling commercial
facilities. Customers are interested in the information related to the
continuity of the entity's activity to make decisions about : the longterm collaboration with the entity, failure to intitate trade relations with
it, looking for other providers, if applicate, when customers are
addicted to it. The public is interested in the information enabling the
assessment of the economic and social impact of the entity's activity.
The state institutions and other authorities need a wide range of

information to : regulate the entities' activites, to dtermine taxation, to

calculate the national income and other macroeconomic indicatiors, to
examine the impact of the entity's activity performance on the
enviroment,etc. The main responbility to prepare and present the
entity's financial statements rests with the entity's management which
has the ability to determine the form and content of the information
presented there in. In addotion to the information drawn from the
financial statements, the entities' managers have access to additional
financial and management infomation that helps in drafting the
planning, decision making and control processers. The financial
statements, although not satisfying all the user's infomation needs, meet
the common needs of their majority. We can say this because the
financial statements largerly show the financial effects of some past
events and they do not usually provide non financial information.
II.

Complete the sentences below with phrases in the box

Petty cash
Accounts
1.

beneficiary
Ledger

remitter
discount

discrepancies
accounting
assets
audit
interest

Can you check that the figures have been entered correctly in the bank
Accounts.
2. The management of the company have not yet decided on their
Accounting policy.
3. The official books for keeping accounts is Ledger.
4. A reduction in the price offered to customers is called Discount.
5. These are bought by people wishing to invest in the company called
Assets.
6. An official examination of the account is called Audit.
7. The extra money paid by company or person for borrowing money is
Interest.
8. Small amounts of money which are paid out for things such as petrol,
soap and bus fares are usually recorded in the Petty Cash.
9. The account which receives payment is known as the Beneficiary while
the sending payment is the Remitter.
10. The bank statement should be checked against the cash book to make sure
the figures are the same and that there no Discrepancies.

III.

Match the words or phrases with correct definition.

Words or Phrases
Auditor
Intangible assets
Fixed assets
Depreciation
Liquid assets
IV.

Definition
Accountant who examines a firms
accounts.
Brand names, patents, rights, trade
marks and licenses which may be the
major part of of a company wealth.
Property, land and equipment which is
not normally intended for immediate
sale.
The national fall in value of equiment
over time.
Assets which can be used to make
immediate payment.

Clarify your own ideas for these following terms:

a. Accountancy
Accountancy is a financial reporting expertise.
b. Trial balance
Trial balance is a list that contains a collection account balance in
the general ledger.
c. Assets
Assets are things that can be bought by people who want to invest for
benefits.
d. CPAs
CPAs is certified public accountant which a professional accountant
shoul have.
e. Credit
The balance represents the difference between the amount on the
debit side with a number of side credits.