tugas business english

TUGAS BUSINESS ENGLISH 1

Questions:

1. Why is accounting called the “language of business”?

2. How is standardized accounting system achieved?

3. What are revenues and expenditures?

4. What do the balance sheet and the income statement have in common? How are they different?

5. How might the information contained in financial statements be useful to managers? How might creditors use this information?

6. How are accountants classified in the united states?

7. What kinds of services do public accountants provide?

8. What is a CPA? Do you have a similar type ofposition in your country? Explain.

9. What are some management decisions that might be based on accounting information?

Answers:

1. Accounting is called language of business because of its ability to comunicate financial information about an organitation.

2. In order to achieve a standardized accounting system, the accounting procces follows accounting principles and rules.

3. Revenues are incoming money and expenditures are outgoing money.

4. The balance sheet are the income statement are two common financial statements. They are different, the first shows the financial position of company at one point of time, while the second shows the financial performence 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 wheither the company will be able to repay the credit on time or not.

6. In teh United States, accountants are classified as public, private, and governmental.

7. Public acountants provide accounting services such as auditing and tax computation t companies and individuals.

8. A CPA is Certified Public Accountant. Yes, we had formely.

9. Some company financial decision making might be based in accounting information, for example the management want to expand its business to build a bigger factory to include new variety of goods.