TUGAS 3 BAHASA INGGRIS BISNIS

UNIT TWO

READING

INTRODUCING ACCOUNTING

            Accounting provides a financial picture a business firm. An accounting department records measures the activity of a business and reports on the effects of these transactions on the firm’s financial condition. Accounting records and reports provided data that are used by management, stockholders, creditors, independent analysts, banks and government.

            The income statement and balance sheet are the two types of records that most business prepare regularly. By reading these statement, once can identify how money was received and spent by a company. By analyzing these records, one can determine whether or not the activities of the company have been good for it.

            One major tool for the analysts of accounting records is ration analysis. A ration analysis is the relationship of two figures. There three main categories of ration in finance. One such ratio deals with profitability. The main example of this is the Return on Investment Ration, which is the most widely used single measure of a firm’s operating efficiency.

            A second set of rations helps a company evaluate its current financial position. These rations deal with assets and liabilities. A third set of rations deans with the overall financial structure of the company, primarily analyzing the values of the ownership of the firm.

1.      Reading

a.      1. In general terms, what is the purpose oc accounting?

The purpose of accounting is to record measures the activity of a business and reports on the effects of transactions on the firm’s financial condition.

2. who uses the data which is provided by accounting records?

The data which is provided by accounting records is used by management, stockholders, creditors, independent analysts, banks and government.

3. what are the two types of records that are prepared by most business?

The income statement and balance sheet.

4. what can one learn by analyzing the income statement and balance sheet of a     

company?

By analyzing these records, one can determine whether or not the activities of the company have been good for it.

5. what is ratio analysis used for?

It is used for evaluating a company’s current financial position.

      B.     Choose the correct word available to complete the following sentences.

·         Record (N)  

·         Record (V)

·         Report (N)

·         Report (V)

·         Profit (N)

·         Profit (V)

1.      Accounting is needed to (Record) all business transactions

2.      He keeps very neat (Report)

3.      Our firm’s current (Profit) are very high

4.      They (Report) from their association with that company

5.      Our (Record) of accountant receivable show that $5.000 is owed to us

6.      The activity is (Record) on income statements and balance sheets

7.      Secretary had finished typing the (Report) before the manager arrived at the office

8.      How much does the company make (Profit) this year?

C. COMPLETE THE FOLLOWING WORD

1. Assets

2. Depreciation

3. Loan

4. Interest

5. Capital

6. Drawings

7. Shares

8. Goodwill

9. Acquisition

10. Audit

11. Budget

12. Balance sheet

13. Ledgers

14. Discount

15. Creditors

16. Stock

17. Debtors

18. Balance

19. Profit

20. Loss