ENGLISH ACCOUNTING TASKS

BY

1. IFKA DIANA JAMAL ( 1823755029)

2. JAVIER A TUNGGA (1823755032)

JURUSAN AKUNTANSI
PRODI AKUNTANSI SEKTOR PUBLIK
POLITEKNIK NEGERI KUPANG
TAHUN 2019
 1. AUDIT

Audit is the activity of collecting and examining related evidence related

to information to determine and make a report about the degree of conformity
between the information and the criteria set.

QUESTION :

How long does it take to do the auditing process ?

2. BANKING

Banking is a financial institution that has the authority to accept

deposits or savings from the public. Are two the types of banks namely: retail
bank and invest bank

From the definition of the bank above, bank functions consist of three,
namely:

 Raise funds from the community in the form of sympathy

 Channel funds to the community in the form of cred
 Provide other banking services

QUESTION : What is an advantage in a bank when it has many customers ?

3. MONEY

Money is an object that can be accepted by the general public as a

medium of exchange or legal means of payment in economic activities.

Money function that is :

  Original money function

As for some of the original function of money

 Money as a common medium of exchange, namely : money

function that replaces the barter system so that the transaction
process runs easier and faster.
 Money as a unit of calculation namely, show the value of an item
or service to facilitate the exchange process.
 Money as a tool

QUESTION : How much money is spent when going to campus ?

4. BALANCE

Balance is the amount of funds on a trading account after all trade transactions
and operations are calculated, including for non-trading operations, namely
depositing and withdrawing fun.

QUESTION : What is the function of balance ?

5. TAX

Tax is a mandatory levy paid by the people for the countsy and will
be used for the interests of the government and the general public.

Tax characteristic

 Tax is a mandatory contribution of citizens

 Tax is forceful for every citizens
 Citizens are

QUESTION : Why do we have to pay taxes ?

 6. MARKET

The market is one of the various systems, institutions, procedures, social

relations and infrastructures whereby a business sells goods, services and
employment for people in exchange for money. Goods and services sold using
legal tender as fiat money. This activity is part of the economy. It is a setting
that allows buyers and sellers to exchange items. Competition is very important
in the market, and separate from the trade market. Two people may do the trade,
but it takes at least three people to have the market, so there is competition at
least one of the two sides. Markets vary in size, scope, geographic scale,
location and various types of human communities, as well as the types of goods
and services traded. Some examples include a local farmers market held in the
town square or park, shopping centers and shopping malls, international
currency and commodity markets, the law creating such a market for pollution
permits, and illegal markets such as the market for illegal drugs.

In mainstream economics, the concept of the market is any structure that allows
buyers and sellers to exchange of goods, services and information. Market
participants consisted of all buyers and sellers are good that affect its price..
There are two roles in the market, buyers and sellers.

QUESTION : What are benefits of the market ?

7. PRODUCTION

**Production is the process of making, harvesting or creating something or the

amount of something that was made or harvested.
Production is the method of turning raw materials or inputs into finished
goods or products in a manufacturing process. In other words, it means the
creation of something from basic inputs.*For example of production is the
creation of furniture.

QUESTION : How dowe keep the production going smoothly?

8. DISTRIBUTION
 Distribution means to spread the product throughout the marketplace such
that a large number of people can buy it.
: Distribution can make or break a company. A good distribution system
quite simply means the company has greater chance of selling its products
more than its competitors. The company that spreads its products wider and
faster into the market place at lower costs than its competitors will make
greater margins absorb raw material price rise better and last longer in
tough market conditions.

QUESTION :Describe implementation distribution in a day’s life ?

9. ASSET

An asset is a resource with economic value that an individual, corporation

or country owns or controls with the expectation that it will provide a future
benefit. Assets are reported on a company's balance sheet and are bought or
created to increase a firm's value or benefit the firm's operations

asset represents an economic resource for a company or represents access that

other individuals or firms do not have. A right or other access is legally
enforceable, which means economic resources can be used at a company's
discretion, and its use can be precluded or limited by an owne

QUESTION : What’s assets do in accounting ?

 10. LEARNING ENGLISH

Learning English is what people do when they want to learn how

to speak and understand the English language. People learning English often
learn to read and write English at the same time.
A lot of people learn English at school, where English is a common subject.
Many people also want to spend their own personal time to learn English. Some
of these people may not know any English, where others will have learned some
English in school, and will want to advance their knowledge of it.

QUESTION :What would happen if someone did not learn english in

accounting ?