Tugas Inggris Chapter 2 [PDF]

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NAME : WIDYA DWI LESTARI WICAKSONO NPM : 119040258 CLASS : 1 AKUNTANSI J



2. Match the word with their partnesrs and the look at the statements again to check Answer : 1. Consolidated



(Affaliaters)



2. Retained



(Earnings)



3. Current



(Revaible)



4. Common



(Stock)



5. Total



(Liabilities)



6. Intangible



(Assets)



Now match the word partners to their definition. a. An assets which does not have a physical nature (such as a trademark or a patent) Answer : Intangible Assets b. The holding company owns a minority interest (less than 50%), but the accounts are nevertheless consolidated Answer : Consolidated Affilates c. The total obligations of a company to pay other parties. Answer : Total Liabilities d. The ordinary share held by the owners,who therefore are the last to receive their money back in the event liquidation. Answer : Common Stock e. Amounts that will be collected in the normal course of bussiness within oon year. Answer : Current Receivables f. Profit which is not paid out to shareholders in the form of dividends,but instead is kept buy the company to reinvest or pay off debt. Answer : Retained Earnings g. The amounts affectiing common stockholders ,but not form movement in the stockof the company (e.g currecy translation adjustment). Answer : Accumulated gains



3. Compare the financial statements on pages 14 and 15 to ones your country. Make some notes for a collague in the U.S., summarizing the majjor differences in the layout. Did you know? The U.K and the U.S.A often have different terms for the same thing. Here are some important examplees. Can you think of any other? U.K.



U.S.A



Balance sheet



Statement of finacial position



Profit



and



Your language



loss



Statement



Neraca Laporan laba rugi



Statement of earnings



Pemrgang saham



Shareholder



Stockholder



Persediaan



Stock



Inventory



Rasio utang perusahaan



Gearing



leverage



terhadap ekuitasnya



4. Chosee the best way to say these numbers and equations. (Sometimes more than one way is possible) 



23.56







10,001



b. Ten thousand one







£63.30



a. Sixty-three pound and thirty pence







5,400,342 c. Five milion, four hundred thousand, three hundred and forty-two







€45,638



a. Forty-five thousand, six hundred and thirty-eight euro







1999



b. Nineteen hundred ninety-nine







2003



c. Two thousand and three



b. Twenty-three point fifty-six



6. We oftenmake comparisons whwn talking about financial statement,look again at the statement of earnings on page 15 and find the figures for the items below,which sentence (a-h) can be used to describe and compare the figure 1.Net earning (F)



a. it’s better than last year



2.Interest and financial charges (B)



b. Its gone down since last year



3.Basic earnings per share (2005-2006) (H)



c. There’s quite a drop from (2005 to 2006)



4.Earnings before income taxes and accounting changes (E)



d. It’s not as a low as two years ago



5.Total Revenue



e. Slightly more this year



(D)



6.dividends declared per share (A)



f. A lot more this year



7.Other cost and expense (G)



g. It’s virtually the same



8.Sales of services (C)



h. It’s excatly the same



8. Some other common rations are given below.Match ratios with the formulas (1-7) and the descriptions (a-g). 



Gross profit margin







Earnings per share







Return on equity







Average







Interest rate







Debt/equity ratio







Inventory turnover







Price/earnings ratio



1



interest expenses



(ans : Average interest rate)



Liabilities – account payable 2.



net income – devidens on preferred stock



(ans :Earnings per share)



Avarage share 3



net income



(ans :Return on equity)



Shareholders equity 4



total liabilities



(ans : debt/equity ratio)



Shareholders equity 5.



revenue - cost of goods sold



(ans :Gross profit margins)



revenue 6



cost of goods sold Average inventory



(ans :inventory turnover)



7



cost of goods sold



(ans Price/arnings per share)



Earnings per share a) Give’s the company’s pricing policy and mark up margins.An adequate gross margin allows a company to pay its expenses,and then expand



=> Gross profit margins



b) Determines the avarege interest rate at which a company borrows funds. => Average interest rate c) Compares the curent market price with earnings to calculate if a stock is over or under valued.used as a prediction or expetation of future performance. => Pice/arnings per share d) Indicates the return a company gets on yhe owners inverstment.Companies that make high return often do not require more debt investments => Return on equity e) Shows the turnover of inventory and can be compared against sales figures,to show the demand for the company’s product. => inventory turnover f) Indicates what proportion of equity and debt an enterprise uses to finance its assets.A more stringent test is to use just the long term debt. => debt/equity ratio g) Calculate the profitmade on a per share basis.This quoted by U.S publicly held companies in their financial statements => Earnings per share 9. Use Words from the description above to complete the table.The first one is done for you. VERB



NOUN



To predict



Prediction



To pay



Payment



To compare



Comparison



To calculate



Calculation



To indicate



Indication



To expand



Expansion



To perform



Performance



Now use verb or nouns from above to complete the sentence .You may need to change the form. a. The figures are a little different to what we were EXPECTING b. The problems in the middle east have made it really difficult to PREDICT next year turmover



c. I think there are some mistakes in the the CALCULATION(S) d. The fund PERFORMED much better las year.This year has been very dissapointing e. The EXPANSION into Eastem Eeurope looks good f. We need to make sure that our customers PAY us on time. 10. Here are some phares the accountant use during the meeting in excersice 7,can ypu fill in the missing words ? 1. Norma has asked me to go over some of the ratio i used in the report 2. Everyone got it ? 3. Before you ask 4. Is that clear ? 5. I was just coming to that 6. Ok,if there are no quetions i’d like to