Universitas 17 Agustus 1945 Surabaya

Fakultas Ekonomi dan Bisnis

Evaluasi Tengah Semester Genap 2019/2020

Mata Kuliah : Bahasa Inggris Hari/ Tanggal : Rabu, 16 April 2020

Kode/ Kelas MK : 20172033/ G Waktu : 100 Menit
Dosen : Muizzu Nurhadi S.S., M.Hum Sifat : Tutup buku

Student Name : Sinta Nuria

Student Number: 1221900068

Instruction!

Please answer the questions according to the instruction given in each section. You have to type
your answers directly on this document using red font colour and submit the completed answers
to SIAKAD after 60 minutes. Thank you

A. Complete the text below using the words in the box and then answer the questions that follow!

a. practices c. reports e. business g. They i. manipulation

b. application d. uniformity f. codify h. comparison j. provide

ACCOUNTING STANDARDS
Accounting standards (1) codify the generally accepted accounting principles. (2)they lay
down the norms of accounting policies and (3) practices by way of codes or guidelines to direct as to
how the items appearing in the financial statements should be dealt with in the books of account and
shown in the financial statements and annual(4) reports They present the general principles to be put
to (5)application using professional judgement.

The main purpose of accounting standards is to (6)provide information to the user as to the
basis on which the accounts have been prepared. They make the financial statements of different
(7)business unit or the financial statements of the same business unit comparable. In the absence of
accounting standards, (8)comparison of different financial statements may lead to misleading
conclusions. Accounting standards bring about (9)uniformity of assumptions, rules and policies
adopted in financial reporting and thus they ensure consistency and comparability in the data
published by the business enterprises. To be useful, an accounting standard must be capable of being
well understood and it must be able to reduce significantly the degree of (10)manipulation of the
reported data.

11. How are accounting standards defined? ?Accounting standards codify the generally accepted
accounting principles

12.What do accounting standarts present? They present the general principles to be put to
application using professional judgement.
13. Mention the major goal of accounting standards! The main purpose of accounting standards is
to provide information to users for the basis on which accounts have been prepared

14. What is the possible consequence of being absence from accounting standards? ? In the absence
of accounting standards , comparison of different financial statements may lead to misleading

15. what is required for an accounting standard to be considered useful? To be useful, accounting
standards must be able to be well understood and must be able to reduce significantly the level of
manipulation of the reported data

B. Match the words on the right column with their definition on the left!
16. the quality or condition of being consistent. (d. consistency) a. misleading
17. starting point of something or an important part of it from which it can be b. guidelines
further developed. (e. basis) c. enterprise
18. something that gives you a wrong idea or impression. (a. misleading) d. consistency
19. the activity of managing companies and businesses and starting new ones. e. basis
(c. enterprise)
20. something that can be used to help you plan your actions or to form an
opinion about something. (b. guidelines)

C. Change the form of the word below based on its parts of speech!
Noun Verb Adjective Adverb
application (21)Apply................. Applied/applicati applicatively
..... ve
(22) . direct directive N/A
.Direction.......................
lead lead (23) ... N/A
.Leading.............
.
difference differ different (24)..Differently...............
......
(25)..Assumption................ assumpt assumptive assumptively
.......

D. Reorder the following jumbled words to make a good sentence!

26.analysis - The- reliable- can - make - better - and - draw - more - researchers– conclusions

27. very - Accounting - play - a– role – standards – significant

28. They - the - investor - to - more - informed - investment - help - decisions - make

29. is - a– of - interests - the–groups- There - financial- among- various- conflict

30. The – be - authority - Standards - will - the - of - the - Accounting- issued- under- Council
Answer :

26. The researchers can make better analysis and draw more reliable conclusion

27. Accounting standards play a very significant role

28. They help the investor to make more informed investment decisions
29. There is a various conflict of interest among the financial grups.

30. The accounting standards will be issued under the authority of the council .