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Artikel Basing - Puteri Amalia

Accounting helps a business achieve several objectives. It creates a permanent record of all transactions for internal use, tax purposes, or any other need. Accounting also measures business performance over time by providing periodic financial statements that show profits and losses from numerous daily transactions. Past accounting records help demonstrate a business's creditworthiness to potential investors and lenders by proving the business can generate enough profit. Management can also use accounting data to analyze resource use and draw lessons to perform more efficiently in the future. Projections of future costs, revenues, and growth can be made based on past accounting behavior.

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32 views2 pages

Artikel Basing - Puteri Amalia

Accounting helps a business achieve several objectives. It creates a permanent record of all transactions for internal use, tax purposes, or any other need. Accounting also measures business performance over time by providing periodic financial statements that show profits and losses from numerous daily transactions. Past accounting records help demonstrate a business's creditworthiness to potential investors and lenders by proving the business can generate enough profit. Management can also use accounting data to analyze resource use and draw lessons to perform more efficiently in the future. Projections of future costs, revenues, and growth can be made based on past accounting behavior.

Uploaded by

putri amalia
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Nama : Puteri Amalia

NIM : 2010313320025
Mata Kuliah : Bahasa Inggris Ekonomi 2
Kelas :C
Tugas : Mengelompokkan jenis kata diartikel kedalam jenis kata verb,adverb,dan
adjective (10-20)

Objectives of Accounting
Every activity that a business firm does must be done for a reason and accounting is no
exception. Accounting helps the company achieve a myriad of objectives. Here is the list of
objectives that accounting helps the company to obtain.
Permanent Record
business firm needs a permanent record of the transactions that it indulges in. These
records could be required for internal purpose, for taxation purpose or for any other purpose.
Accounting serves this function. Whenever the organization commits any resource of monetary
value either within the firm or outside the firm, a record is made. This permanent record is held
on for years and can be retrieved as and when need be.
Measurement of Outcome
business firm may indulge in numerous transactions every day. It may make profit in
some of these transactions while it may make losses in some other transactions. However, the
effect of all these transactions needs to be aggregated over a period of time. There must be daily,
weekly and monthly reports which provides information to the organization about how well it is
performing its activities. Accounting serves this purpose by providing periodic financial
statements which help the firm adjust their operations accordingly.
Creditworthiness
Firms need resources for their functioning. They do not have any capital stock at hand
and need to obtain them from investors. Investors will give money to the firm only if they have
reasonable assurance that the firm will be able to generate enough profit. Past accounting records
help a great deal in proving this. All kinds of investors from banks to shareholders ask for past
accounting details before they trust the management with their money.
Efficient Use of Resources
Firms can also conduct useful internal analysis with the help of accounting data.
Accounting records tell the firm what resources were committed to what activity and what time.
These records also summarize the return that was obtained from these activities. Management
can then analyze past behavior and draw lessons about how they could have performed better
and used resources more efficiently.
Projections
Accounting helps management and investors look forward. Costs and revenue growths
can be projected after substantial data has been accumulated. The assumption made is that the
company is likely to behave exactly as it has done in the past. Thus, analysts can make
reasonable assumptions about the future based on the past record.

VERB ADVERB ADJECTIVE

1. Helps 1. Achieve 1. Permanent


2. Obtain 2. Indulge 2. Profit
3. Serves 3. Adjust 3. Losses
4. Commits 4. Conduct 4. Reasonable
5. Made 5. Capital 5. Trust
6. Make 6. Great 6. Past
7. Aggregated 7. Useful 7. Either
8. Providing 8. Daily 8. Numerous
9. Help 9. Well 9. Periodic
10. Obtain 10. All 10. Financial
11. Give 11. Enough 11. Shy
12. Generate 12. Only 12. Kinds
13. Help 13. Before 13.
14. Proving 14. Also
15. Ask 15. Exactly
16. Analyze 16. Committed
17. Used 17. Efficiently
18. Look 18.
19. projected

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