English assignment

Deo Bhakti Santoso 1101072024

Jurusan Akuntansi Politeknik Negeri Padang Kementerian Pendidikan Nasional 2011

1.What is accounting? The systematic recording, reporting, and analysis of financialtransactions of a business. The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. Accounting allows a company to analyze the financial performance of the business, and look at statistics such asnet profit.

2. What are the different OF ACCOUNTING And Management? MANAGEMENT is used primarily by those within a company or organization. Reports can be generated for any period of time such as daily, weekly or monthly. Reports are considered to be "future looking" and have forecasting value to those within the company. Financial accounting is used primarily by those outside of a company or organization. Financial reports are usually created for a set period of time, such as a fiscal year or period. Financial reports are historically factual and have predictive value to those who wish to make financial decisions or investments in a company. Management Accounting is the branch of Accounting that deals primarily with confidential financial reports for the exclusive use of top management within an organization. These reports are prepared utilizing scientific and statistical methods to arrive at certain monetary values which are then used for decision making. Such reports may include: Sales Forecasting reports Budget analysis and comparative analysis Feasibility studies Merger and consolidation reports

ACCOUNTING, on the other hand, concentrates on the production of financial reports, including the basic reporting requirements of profitability, liquidity, solvency and stability. Reports of this nature can be accessed by internal and external users such as the shareholders, the banks and the creditors.

3. What do you know about Accounting Department Padang state Polytechnic?

Accounting majors in polteknik different from the existing accounting majors at universities, polytechnics accounting differences with the university, polytechnic learning system for the practice of 60%, whereas 40% of theory. Contrary to the university. Accounting courses at the polytechnic there are two courses of study: accounting 1DII age 12tahun accounting at the polytechnic, polytechnic accounting DII has been accredited in the BAN-PT with accreditation B DIV accounting sedangakan new stand, and yet there are graduates and accredited.