Ets B. Indo [PDF]

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Universitas 17 Agustus 1945 Surabaya Fakultas Ekonomi dan Bisnis



Evaluasi Tengah Semester Genap 2019/2020 Mata Kuliah : Bahasa Inggris Kode/ Kelas MK : 20172033/ G Dosen : Muizzu Nurhadi S.S., M.Hum



Hari/ Tanggal Waktu Sifat



: Rabu, 16 April 2020 : 100 Menit : 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 b. application



c. reports d. uniformity



e. business f. codify



g. They h. comparison



i. manipulation 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) 17. starting point of something or an important part of it from which it can be further developed. (e. basis) 18. something that gives you a wrong idea or impression. (a. misleading) 19. the activity of managing companies and businesses and starting new ones. (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 application (21)Apply................. Applied/applicati ..... ve (22) . direct directive .Direction....................... lead lead (23) ... .Leading............. . difference differ different (25)..Assumption................ .......



assumpt



assumptive



a. misleading b. guidelines c. enterprise d. consistency e. basis



Adverb applicatively N/A N/A



(24)..Differently............... ...... 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 .