A corporation needs capital in order to start up, operate, and expands its business. The process of acquiring this capital is known as financing. A corporation uses two basic types of financing and debt financing. Equity financing refers to funds that are invested by owners of the corporation. Debt financing, on the other hand, refers to funds that borrowed from sources outside the corporation.

Equity financing (obtaining owners funds) can be exemplified by the sale of corporate stock. In this type of transaction, the corporation sells units of ownership known as share of stock. Each share entitles the purchaser to a certain amount of ownership. For example, if someone buys 100 shares of stock from Ford Motor Company, that person has purchased 100 shares worth of Ford’s resources, materials, plants, production, and profits. The person who purchases shares of stock is known as a stockholder or shareholder.

All corporations, regardless of their size, receive their starting capital from issuing and selling shares of stock. The initial sales involve some risk on the part of the buyers because the corporation has no record of performance. If the corporation is successful, the stockholder may profit through increased valuation of the shares of stock, as well as by receiving dividends. Dividends are proportional amounts of profit usually paid quarterly to stockholders. However, if the corporation is not successful, the stockholder may take a severe loss on the initial stock investment.

Often equity financing does not provide the corporation with enough capital and it must turn to debt financing, or borrowing funds. One example of debt financing is the sale of corporate bonds. In this type of agreement, the corporation borrows money from an investor in return for a bond. The bond has a maturity date, a deadline when the corporation must repay all of the money it has borrowed. The corporation must also make periodic interest payments to the bondholder during the time the money is borrowed. If these obligations are not met, the corporation can be forced to sell its assets in order to make payments to the bondholders.

All businesses need financial support. Equity financing (as in the sale of stock) and debt financing (as in the sale of bonds) provide important means by which a corporation may obtain its capital.

Terjemahan :

PENGUASAAN MODAL

Sebuah perusahaan membutuhkan modal untuk memulai, menjalankan, dan mengembangkan bisnisnya. Proses penguasaan modal ini dikenal sebagai perolehan dana. Perusahaan menggunakan 2 tipe dasar perolehan dana : perolehan dari dana sendiri dan perolehan dana dari berhutang. Perolehan dari dana sendiri maksudnya dana diinvestasikan oleh pmilik perusahaan. Perolehan dana dari berhutang, sebaliknya, maksudnya dana pinjaman dari sumber diluar perusahaan.

Perolehan dari dana sendiri (perolehan dana dari pemilik) dapat diberikan contoh dengan menjual saham perusahaan. Pada jenis ini, perusahaan menjual unit-unit kepemilikan yang disebut saham. Setiap bagian memberi hak kepada pemilik untuk sejumlah tertentu kepemilikan. Sebagai contoh, jika seseorang membeli 100 bagian saham dari ford motor company bahwa seseorang membeli 100 bagian nilai kekayaan ford, lahan, pabrik, produksi dan keuntungan. Seseorang yang membeli saham disebut sebagi pemegang saham.

Semua perusahaan, tidak pandang besar kecilnya, menerima modal awal mereka dari pengeluaran dan penjualan saham. Penjualan permulaan melibatkan beberapa resiko bagian dari pembeli karena perusahaan tidak mempunyai catatan kinerja. Jika perusahaan sukses, pemegang saham dapat memperoleh keuntungan yang proporsional, biasanya dibayar 3 bulan kepada pemegang saham. Bagaimanapun, jika perusahaan tidak sukses, pemegang saham dapat mengalami kerugian besar dari penerima investasi.

Seringkali perolehan dari dana sendiri tidak disediakan perusahaan dengan cukup modal dan perusahaan harus beralih ke perolehan dana dari berhutang, atau meminjam dana. Satu contoh dari perolehan dana dari berhutang adalah menjual saham surat tanda berhutang, ini adalah jenis perjanjian, perusahaan meminjam uang dari seorang investor sebagai pengganti sebuah surat tanda berhutang mempunyai tanggal jatuh tempo, batas akhir ketika perusahaan harus membayar kembali semua uang yang dipinjam. Perusahaan harus juga melakukan pembayaran bunga berkala ke pemegang surat tanda berhutang selama waktu uang itu di pinjam. Jika kewajiban ini tidak terpenuhi, perusahaan dapat dipaksa untuk menjual asset untuk membayar kepada pemegang surat tanda berhutang.

Semua usaha membutuhkan dukungan dana. Perolehan dari dana sendiri (seperti menjual saham) dan perolehan dana dari berhutang (seperti menjual surat tanda berhutang) memberikan jalan yang penting dengan mana sebuah perusahaan mungkin mendapatkan modal itu. >

Taksonomi ancaman perangkat lunak / klasifikasi program jahat (malicious program):

1.Program-program yang memerlukan program inang (need host program) untuk menjalankan fungsinya. Fragmen program tidak dapat mandiri secara independent dari suatu program aplikasi atau program sistem.
2.Program-program yang tidak memerlukan program inang. Program yang dapat berdiri sendiri (independent) untuk menjalankan fungsinya.

Tipe-tipe program jahat :

A. Need host program
1. Logic bomb : logik yang ditempelkan pada program komputer agar memeriksa suatu kumpulan kondisi di sistem. Ketika kondisi-kondisi yang dimaksud ditemui, logik mengeksekusi suatu fungsi yang menghasilkan aksi-aksi tak diotorisasi.
Logic bomb menempel pada suatu program yang diset meledak ketika kondisi-kondisi tertentu dipenuhi.
Contoh kondisi-kondisi untuk memicu logic bomb adalah ada atau tudak adanya file-file tertentu, hari tertentu dari minggu atau tanggal, atau pemakai menjalankan aplikasi tertentu. Begitu terpicu, bomb mengubah atau menghapus data atau seluruh file, menyebabkan mesin terhenti, atau mengerjakan perusakan lain.

2.Trapdoor : Akses masuk rahasia ke dalam suatu program tanpa harus melalui prosedur yang seharusnya. Biasanya dibuat pada saat melakukan uji coba suatu program.
Trapdoor telah dipakai secara benar selama bertahun-tahun oleh pemrogram untuk mencari kesalahan program. Debugging dan testing biasanya dilakukan pemrogram saat mengembangkan aplikasi. Untuk program yang mempunyai prosedur otentifikasi atau setup lama atau memerlukan pemakai memasukkan nilai-nilai berbeda untuk menjalankan aplikasi maka debugging akan lama bila harus melewati prosedur-prosedur tersebut. Untuk debug program jenis ini, pengembang membuat kewenangan khusus atau menghilangkan keperluan setup dan otentifikasi.
Trapdoor adalah kode yang menerima suatu barisan masukan khusus atau dipicu dengan menjalankan ID pemakai tertentu atau barisan kejahatan tertentu. Trapdoor menjadi ancaman ketika digunakan pemrogram jahat untuk memperoleh pengkasesan tak diotorisasi.
Pada kasus nyata, auditor (pemeriksa) perangkat lunak dapat menemukan trapdoor pada produk perangkat lunak dimana nama pencipta perangkat lunak berlaku sebagai password yang meminta proteksi perangkat lunak yang dibuatnya. Adalah sulit mengimplementasikan kendali-kendali perangkat lunak untuk trapdoor.

3.Trojan horse : Perintah rahasia yang dibuat secara tidak terlihat dalam suatu program untuk melakukan suatu tindakan apabila program dijalankan. Program yang mengandung kode tersembunyi yang ketika dijalankan melakukan suatu fungsi yang tak diinginkan.
Trojan horse ini ketika program dieksekusi akan mengubah ijin-ijin file sehinga file-file dapat dibaca oleh sembarang pemakai. Pencipta program dapat menyebarkan ke pemakai-pemakai dengan menempatkan program di direktori bersama dan menamai programnya sedemikian rupa sehingga disangka sebagai program utilitas yang berguna.
Program trojan horse yang sulit dideteksi adalah kompilator yang dimodifikasi sehingga menyisipkan kode tambahan ke program-program tertentu begitu dikompilasi, seperti program login. Kode menciptakan trapdoor pada program login yang mengijinkan pencipta log ke sistem menggunakan password khusus. Trojan horse jenis ini tak pernah dapat ditemukan jika hanya membaca program sumber. Motivasi lain dari trojan horse adalah penghancuran data. Program muncul sebagai melakukan fungsi-fungsi berguna (seperti kalkulator), tapi juga secara diam-diam menghapus file-file pemakai.


4.Virus : Kode yang ditempelkan dalam satu program yang menyebabkan pengkopian dirinya disisipkan ke satu program lain atau lebih, dengan cara memodifikasi program-program itu.
Modifikasi dilakukan dengan memasukkan kopian program virus yang dapat menginfeksi program-program lain. Selain hanya propagasi, virus biasanya melakukan fungsi yang tak diinginkan.
Di dalam virus komputer, terdapat kode intruksi yang dapat membuat kopian sempurna dirinya. Ketika komputer yang terinfeksi berhubungan (kontak) dengan perangkat lunak yang belum terinfeksi, kopian virus memasuki program baru. Infeksi dapat menyebar dari komputer ke komputer melalui pemakai-pemakai yang menukarkan disk atau mengirim program melalui jaringan. Pada lingkungan jaringan, kemampuan mengakses aplikasi dan layanan-layanan komputer lain merupakan fasilitas sempurna penyebaran virus.
Masalah yang ditimbulkan virus adalah virus sering merusak sistem komputer seperti menghapus file, partisi disk, atau mengacaukan program.
Siklus hidup Virus melalui empat fase (tahap), yaitu :
Fase tidur (dormant phase). Virus dalam keadaan menganggur. Virus akan tiba-tiba aktif oleh suatu kejadian seperti tibanya tanggal tertentu, kehadiran program atau file tertentu, atau kapasitas disk yang melewati batas. Tidak semua virus mempunyai tahap ini.
Fase propagasi (propagation phase). Virus menempatkan kopian dirinya ke program lain atau daerah sistem tertentu di disk. Program yang terinfeksi virus akan mempunyai kloning virus. Kloning virus itu dapat kembali memasuki fase propagasi.
Fase pemicuan (triggering phase). Virus diaktifkan untuk melakukan fungsi tertentu. Seperti pada fase tidur, fase pemicuan dapat disebabkan beragam kejadian sistem termasuk penghitungan jumlah kopian dirinya.
Fase eksekusi (execution phase). Virus menjalankan fungsinya, fungsinya mungkin sepele seperti sekedar menampilkan pesan dilayar atau merusak seperti merusak program dan file-file data, dan sebagainya. Kebanyakan virus melakukan kerjanya untuk suatu sistem operasi tertentu, lebih spesifik lagi pada platform perangkat keras tertentu.

Klasifikasi tipe virus :
a.Parasitic virus. Merupakan virus tradisional dan menetap pada file yang dapat dieksekusi dan memperbanyak dirinya setiap kali program dijalankan dan mencari tempat penularan yang lainnya. Tipe ini mencantolkan dirinya ke file .exe. Virus mereplikasi ketika program terinfeksi dieksekusi dengan mencari file-file .exe lain untuk diinfeksi.
b.Memory resident virus. Virus menetap dalam memori utama dan menginfeksi setiap program yang dieksekusi.
c.Boot sector virus. Virus menginfeksi master boot record atau boot record dan menyebar saat sistem diboot dari disk yang berisi virus.
d.Stealth virus. Virus yang bentuknya telah dirancang agar dapat menyembunyikan diri dari deteksi perangkat lunak antivirus.
e.Polymorphic virus. Virus bermutasi setiap kali melakukan infeksi untuk menghindari pendeteksian dari program antivirus . Penulis virus dapat melengkapi dengan alat-alat bantu penciptaan virus baru (virus creation toolkit, yaitu rutin-rutin untuk menciptakan virus-virus baru). Dengan alat bantu ini penciptaan virus baru dapat dilakukan dengan cepat. Virus-virus yang diciptakan dengan alat bantu biasanya kurang canggih dibanding virus-virus yang dirancang dari awal.


B.Independent

1. Bacteria : program yang mengkonsumsi sumber daya sistem dengan mereplikasi dirinya sendiri. Bacteria tidak secara eksplisit merusak file. Tujuan program ini hanya satu yaitu mereplikasi dirinya. Program bacteria yang sederhana bisa hanya mengeksekusi dua kopian dirinya secara simultan pada sistem multiprogramming atau menciptakan dua file baru, masing-masing adalah kopian file program bacteria. Kedua kopian in kemudian mengkopi dua kali, dan seterusnya.

2. Worm : Program yang dapat mereplikasi dirinya dan mengirim kopian-kopian dari komputer ke computer lain lewat hubungan jaringan.
Network worm menggunakan hubungan jaringan untuk menyebar dari sistem ke sistem lain. Sekali aktif di suatu sistem, network worm dapat berlaku seperti virus atau bacteria, atau menempelkan program trojan horse atau melakukan sejumlah aksi menjengkelkan atau menghancurkan.
Untuk mereplikasi dirinya, network worm menggunakan suatu layanan jaringan, seperti : Fasilitas surat elektronik (electronic mail facility), yaitu worm mengirimkan kopian dirinya ke sistem-sistem lain.
Kemampuan eksekusi jarak jauh (remote execution capability), yaitu worm mengeksekusi kopian dirinya di sistem lain.
Kemampuan login jarak jauh (remote login capability), yaitu worm log pada sistem jauh sebagai pemakai dan kemudian menggunakan perintah untuk mengkopi dirinya dari satu sistem ke sistem lain. Kopian program worm yang baru kemudian dijalankan di sistem jauh dan melakukan fungsi-fungsi lain yang dilakukan di sistem itu, worm terus menyebar dengan cara yang sama.
Network worm mempunyai ciri-ciri yang sama dengan virus komputer, yaitu mempunyai fase-fase sama, yaitu : Dormant phase, Propagation phase, Trigerring phase, Execution phase.
Network worm juga berusaha menentukan apakah sistem sebelumnya telah diinfeksi sebelum mengirim kopian dirinya ke sistem itu.

Antivirus
Solusi ideal terhadap ancaman virus adalah pencegahan. Jaringan diijinkan virus masuk ke sistem. Sasaran ini, tak mungkin dilaksanakan sepenuhnya. Pencegahan dapat mereduksi sejumlah serangan virus. Setelah pencegahan terhadap masuknya virus, maka pendekatan berikutnya yang dapat dilakukan adalah :
1.Deteksi. Begitu infeksi telah terjadi, tentukan apakah infeksi memang telah terjadi dan cari lokasi virus.
2.Identifikasi. Begitu virus terdeteksi maka identifikasi virus yang menginfeksi program.
3.Penghilangan. Begitu virus dapat diidentifikasi maka hilangkan semua jejak virus dari program yang terinfeksi dan program dikembalikan ke semua (sebelum terinfeksi). Jika deteksi virus sukses dilakukan, tapi identifikasi atau penghilangan jejak tidak dapat dilakukan, maka alternatif yang dilakukan adalah menghapus program yang terinfeksi dan kopi kembali backup program yang masih bersih.

Perkembangan program antivirus dapat diperiode menjadi empat generasi, yaitu :
1.Generasi pertama : sekedar scanner sederhana. Antivirus menscan program untuk menemukan penanda (signature) virus. Walaupun virus mungkin berisi karakter-karakter varian, tapi secara esensi mempunyai struktur dan pola bit yang sama di semua kopiannya. Teknis ini terbatas untuk deteksi virus-virus yang telah dikenal. Tipe lain antivirus generasi pertama adalah mengelola rekaman panjang (ukuran) program dan memeriksa perubahan panjang program.
2.Generasi kedua : scanner yang pintar (heuristic scanner). Antivirus menscan tidak bergantung pada penanda spesifik. Antivirus menggunakan aturan-aturan pintar (heuristic rules) untuk mencari kemungkinan infeksi virus.Teknik yang dipakai misalnya mencari fragmen- fragmen kode yang sering merupakan bagian virus. Contohnya, antivirus mencari awal loop enkripsi yang digunakan polymorphic virus dan menemukan kunci enkripsi. Begitu kunci ditemukan, antivirus dapat mendeskripsi virus untuk identifikasi dan kemudian menghilangkan infeksi virus. Teknik ini adalah pemeriksanaan integritas. Checksum dapat ditambahkan di tiap program. Jika virus menginfeksi program tanpa mengubah checksum, maka pemeriksaan integritas akan menemukan perubahan itu. Untuk menanggulangi virus canggih yang mampu mengubah checksum saat menginfeksi program, fungsi hash terenkripsi digunakan. Kunci enkripsi disimpan secara terpisah dari program sehingga program tidak dapat menghasilkan kode hash baru dan mengenkripsinya. Dengan menggunakan fungsi hash bukan checksum sederhana maka mencegah virus menyesuaikan program yang menghasilkan kode hash yang sama seperti sebelumnya.
3.Generasi ketiga : jebakan-jebakan aktivitas (activity trap). Program antivirus merupakan program yang menetap di memori (memory resident program). Program ini mengidentifikasi virus melalui aksi- aksinya bukan dari struktur program yang diinfeksi. Dengan antivirus semacam in tak perlu mengembangkan penanda-penanda dan aturan-aturan pintar untuk beragam virus yang sangat banyak. Dengan cara ini yang diperlukan adalah mengidentifikasi kumpulan instruksi yang berjumlah sedikit yang mengidentifikasi adanya usaha infeksi. Kalau muncul kejadian ini, program antivirus segera mengintervensi.
4.Generasi keempat : proteksi penuh (full featured protection). Antivirus generasi ini menggunakan beragam teknik antivirus secara bersamaan. Teknik-teknik ini meliputi scanning dan jebakan-jebakan aktivitas. Antivirus juga mempunyai senarai kapabilitas pengaksesan yang membatasi kemampuan virus memasuki sistem dan membatasi kemampuan virus memodifikasi file untuk menginfeksi file. Pertempuran antara penulis virus dan pembuat antivirus masih berlanjut. Walau beragam strategi lebih lengkap telah dibuat untuk menanggulangi virus, penulis virus pun masih berlanjut menulis virus yang dapat melewati barikade-barikade yang dibuat penulis antivirus. Untuk pengaman sistem komputer, sebaiknya pengaksesandan pemakaian komputer diawasi dengan seksama sehingga tidak menjalankan program atau memakai disk yang belum terjamin kebersihannya dari infeksi virus. Pencegahan terbaik terhadap ancaman virus adalah mencegah virus memasuki sistem disaat yang pertama.

Sebelum mengendarai sepeda motor ada 2 faktor penting yaitu badan dan sepeda motor.
SEPEDA MOTOR:
1. cek oli mesin, jika kurang tambahkan jika keruh ganti yang baru.
2. Cek rem, setel jika perlu.
3. cek lampu utama dan sein.
4. Cek kaca spion, posisinya harus pas dengan cara pandang anda.
5. Cek tekanan ban, usahakan sesuai tekanan standar ban yang dipakai agar safety didapat ddan umur ban lebih lama.

BADAN:
1. olahraga ringan untuk melancarkan peredaran darah sehingga lebih fit.
2. Hindari obat-obatan dan alkohol.
3. Kenakan sepatu, jaket, celana panjang jeans untuk melindungan badan dari gesekan dan tekanan angin.
4. Pakai sarung tangan agar pegangan pada setang motor lebih mantap.
5. Pakai kacamata untuk melindungi mata dari debu kecuali jika memakai hel fullface.
6. Membaca doa sebelum keluar rumah. Minimal membaca basmallah.
7. Makan dan minum secukupnya.

Jangan lupa juga siapkan STNK,SIM,KTP, uang secukupnya dan tetep pakai helm agar bebas tilang.

Reading

THE BALANCE SHEET.

Financial statements are the final product of the accounting process. They provide information on the financial condition of a company. The balance sheet, one type of financial statement, provides a summary of what a company owns and what it owes on one particular day.

Assets represent everything of value that is owned by a business, such as property, equipment, and accounts receivable. On the other hand, liabilities are the debts that a company owes-for example, to suppliers and banks. If liabilities are subtracted from assets (assets – liabilities), the amount remaining is the owners’ share of a business. This is known as owners’ or stockholders’ equity.

One key to understanding the accounting transactions of business is to understand the relationship of its assets, liabilities, and owners’ equity. This is often represented by the fundamental accounting equation: assets equal liabilities plus owners’ equity.

ASSETS = LIABILITIES + OWNERS’ EQUITY

These three factors are expressed in monetary terms and therefore are limited to items that can be given a monetary value. The accounting equation always remains in balance; in other words, one side must equal the other.

The balance sheet expands the accounting equation by providing more information about the asstes, liabilities, and owners’ equity of a company at a specific time (for example, on December 31, 1993). It is made up of two parts. The first part lists the company assets, and the second part details liabilities and owners’ equity. Assets are divided into current and fixed assets. Cash, accounts receivable, and inventories are all current assets. Property, buildings, and equipment make up the fixed assets of a company. The liabilities section of the balance sheet is often divided into current liabilities (such as accounts payable and income taxes payable) and long-term liabilities (such as bonds and long-term notes).

The balance sheet provides a financial picture of a company on a particular date, and for this reason it is useful in two important areas. Internally, the balance sheet provides managers with financial information for company decision making. Externally, it gives potential investors data evaluating the company’s financial position.

Comprehension

1. Answer the following questions about the balance sheet. Question whit asterisk (*) cannot be answered directly form the text.

1. What is the final product of the accounting process?

2. What is a balance sheet?

3. Does the balance sheet provide financial information for a long period of time (for example, January to June 1993) or does it provide information for a specific point in time (for example, on June 30, 1993)?

4. What is the difference assets and liabilities?

5. How is owners’ or stockholders’ equity determined?

6. How can the relationship between assets, liabilities, and owners’ equity be represented?

7. Does the accounting equation always remain in balance?*Why or why not?

8. How can a business use a balance sheet?*As a manager, how would you find a balance sheet useful?

Answer.

A. 1. The final product of accounting process is the balance sheet.

2. A balance sheet is a final statement that a provide a summary of what a

company owns and what it owes on a particular day.

3. It provides information for a specific point in time, for example, on June 30,

1993.

4. Assets represent everything of value that is owned by a business, liabilities are

the debts that is a company owes.

5. Owners’ is stockholders’ equity is determined by subtracting liabilities from

Assets.

6. It can be represented by the fundamental accounting equation assets equal

Liabilities plus owners’ equity.

7. Yes, it does. Because one side must equal the other. If not, it must be wrong

with the recording.

8. A balance sheet is useful for a business, because it provide a financial picture

of a company or a particular day.

2. Complete the balance sheet by writing in the correct terms from the list below.

Assets Current liabilities Long-term liabilities

Liabilities Fixed assets Current assets

Stockholders equity

International Manufacturing, Inc. Balance Sheet December 31, 1993
Assets Current assets Cash $ 49,400 Account receivable 1,600 Inventories 53,000 Total $ 104,000 Fixed assets Property $ 15,000 Buildings 50,000 Equipment 10,000 Total $ 75,000 Total assets $ 179,000	Liabilities Current liabilities Account payable $ 30,000 Income tax payable 19,000 Total $ 49,000 Long-term liabilities Bonds $ 20,000 Long-term notes 40,000 Total $ 60,000 Total liabilities $ 109,000 Stockholders’ equity Common stock $ 47,000 Retained earnings 23,000 Total $ 70,000 Total liabilities and $ 179,000 stockholders’ equity

Vocabulary Exercises

1. Write down any terms that you did not understand in the reading. Find each term in the reading, look at its context, and try to figure out the meaning. Discuss these terms with your classmates.
2. Look at the terms in the left-hand column and find the correct synonyms or definitions in the right-hand column. Copy the corresponding letters in the blanks.

1. g property (line 6) a. assets equal liabilities plus

owners equity

2. d equal (line 12) b. provide information item

by item

3. f condition (line 2) c. indicate by words or

symbols

4. b detail (line 21) d. have the same value as

5. a accounting equation (line 12) e. a series of transactions,

changes, or functions that

bring about a particular

result

6. h monetary (line 15) f. the existing circumstance

7. e process (line 1) g. anything owned by a

person

8. c express (line 15) h. of or pertaining to money

C. Discuss the following question with a partner. In giving your answers, try to use the italicized terms.

1. What is the difference between accounts receivable and accounts

payable?

2. Why are accounts receivable and cash considered current assets while

property and equipment are considered fixed assets? What do you think

the difference is between current and fixed assets?

3. The owners’ equity in a company equals assets minus liabilities. What

is meant by owners’ (or stockholders’) equity?

4. If you were a manager, how would you use the balance sheet to evaluate

your company’s financial condition?

5. What do you consider your personal assets? Do you have any

liabilities? What are they?

Answer.

1. Accounts receivable is assets and account payable is liabilities.

2. Because they are easy changed into money.

3. Net owning.

4. The manager known were the company’s financial healthy.

5. Mobile.

Text Analysis

Look at the reading to answer these question.

1. What does each of the following refer to?

LINES WORDS REFERENTS

1 they financial statement

9 this the owners’ share a business

11 this the relationship of its assets,

liabilities, and owners’ equity

15 these three factors assets, liabilities, owners’

equity

2. In line 6, what are property, equipment, and accounts receivable examples of?

Assets

3. In line 7, what do suppliers and banks refer to?

To whom the company has debts

4. In line 5-7, two different phrases are used to incorporate examples in the reading. What are these phrases?

a. Assets

b. Liabilities

5. Another method of clarification by example is the use of mathematical representations. From the reading, copy example that use mathematical symbols.

a. The fundamental accounting equation

b. Assets = liabilities + owners’ equity

Classification

Categories of the balance sheet can be classified to show the relationship between them. Fill in the following blanks on the information provided in the reading and to figure 1 (page 79).

Class : Assets Class : Liabilities

Members : Current assets Members : Current liabilities

Fixed assets Long-term liabilities

Class : Current assets Class : Current liabilities

Members : Cash Members : Account payable

Accounts receivable Income tax payable

Inventories

Class : Fixed assets Class : Long-term liabilities

Members : Property Members : Bonds

Building Long-term notes

Equipment

Application

Using the information in the reading, answer the following questions. Give reasons to support your answers.

1. Which of the following is not a fixed assets: office equipment, machinery, marketable securities, land, and buildings? Why?

Marketable securities, because its easy to change into money.

2. Are the following liabilities current or long-term: bank loans payable, accounts payable, mortgage bonds payable, taxes payable, and long-term notes payable? List each under the correct heading.

CURRENT LIABILITIES LONG-TERM LIABILITIES

Account payable Bank loans payable

Taxes payable Mortgage bonds payable

Notes payable

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3DB01

AN ACCOUNTING OVERVIEW

Accounting is frequently called the “language of business” because of its ability to communicate financial information abaout an organization. Various interested parties, such as managers, potential investors, creditors, and the government, depend on a company’s accounting system to help them make informed financial decisions. An affective accounting system, therefore, must include accurate collecting, recording, classifying, summarizing, interpreting, and reporting of information on the financial status of an irganization.

In order to achieve a standardized system, the accounting process follows accounting principles and rules. Regardless of the type of business or the amount of money involved, common procedures for handling and presenting financial information are used. Incoming money (revenues) and outgoing money (expenditures) are carefully monitored, and transaction are summarized in financial statements, which reflect the major financial activities of an organization.

Two common financial statements are the balance sheet and the income statement. The balance sheet shows the financial position of a company at one point in time, while the income statement shows financial performance of a company over a period of time. Financial statement allow interested parties to compare one organization to another and/or to compare accounting periods within one organization. For example, an investor may compare the most recent income statements of two corporations in order to find out which one would be a better investement.

People who specialize in the field of accounting are known as accountants. In the United States, accountants are usually classified as public, private, or governmental. Public accountants work independently and provide accounting services such as auditing and tax computation to companies and individuals. Public accountants may earn the title of CPA(Certified Public Accountant) by fulfilling rigorous requirements. Private accountants work solely for private companies or corporations that hire them to maintain financial records, and governmental accountants work for governmental agencies or bureaus. Both private and governmental accountants are paid on a salary basis, whereas public accountants receive fees for their services.

Through effective application of commonly accepted accounting systems private, public, and govermmental accountants provide accurate and timely financial information that is necessary for organization decision making.

Comprehension

1. Answer the following question about accounting. Question with asterisks cannot be answered directly from the text.
1. why is accounting called the “language of business”?
2. How is a standardized accounting system achieved?
3. What are revenues and expenditures?
4. What do the balance sheet and income statement have in common? How are they different?
5. *How might the information contained in financial statements be useful to managers? *How might creditors use this information?
6. How are accountans classified in the United States?
7. What kinds of services do public accountants provide?

8. What is a CPA? *Do you have a similar type of position in your country? *Explain.
9. *Which type of accounting-public, private, or governmental-appeals to you the most? *Why?
10. *What are some management decisions that might be based on accounting information?

Answer :

1. According is called the “language of business” because of its ability to communicate financial information about on organization.

2. In order to achive a standardized accounting system the accounting process follows accounting principles and rules.

3. Revenues are incoming money and expenditures are outgoing money.

4. The balance sheet and the income statement are two common financial statement. They are different, the first shows the financial position of a company of one point of time, while the second shows the financial performance of a company over a period of time.

5. The information contained in financial statements might be usefull to creditors in help them to find out whether the company will be able to repay the credit on time or not.

6. In United States, accountants are classified as public, private, and governmental.

7. Public accountant provide accounting services such as auditing and tax computation to companies and individuals.

8. A CPA is a Certified Public Accountant. Yes, we had. Formerly faculty of economic graduates of 5 elite universities got ‘Drs….AK’ degree.

9. Personal question

10. In some company financial decision making might be based on accounting information. For example the management want to expands its business to build a bigger factory to introduce new variety of goods.

2. Circle the letter of the answer that best completes each of the sentences below.
1. Accounting information is used by ______to help them make financial decisions.

a. managers

b. potential investors

c. creditors

d. all of the above

2. Regardless of the type of business or the amount of money ivolved :

a. all companies use identical accounting systems

b. balance sheets are more important than income statements

c. common procedures are used in handling financial information

d. no standardized accounting system is employed

3. Business monetary transactions are summarized in :

a. bank books

b. financial statements

c. computers

d. cash registers

4. Public accountants may earn the title of CPA by :

a. becoming governmental accountans

b. paying a fee

c. fulfilling rigorous requirements

d. obtaining a Bachelor of arts degree in accounting

5. Private and governmental accountatnts are paid on a____basis.

a. salary

b. monthly

c. fee

d. weekly

Vacabulary Exercises

A. Subtitute appropriate terms for the italicized words or phrases in the sentences below.

status agencies monitored maintain independently

procedure fee hire rigorous solely

1. Many accounting departments have strict enterance requirements;

only the most qualified applicants are allowed to enter these

programs. rigorous

2. The particular method used to process employee insurance

claims may vary from company to company procedure

3. The stock market is closely watched every day. monitored

4. Rather than expand into foreign lines, the dress shop manager

chose to deal only with domestic fashion designers. solely

5. Although the consultant’s charge for services was high, his

guidance and advice were well worth the money. fee

6. The financial condition of a company is reflected in its financial

statements. status

7. When the business began to expand, a second bookkeeper was

brought in to help keep the books. maintain

8. In the United States there are numerous organizations that

provide services at the local, state, and national levels. agencies

B. Complete the sentences with the noun, verb, and adjective forms provided.

1. Communication/to communicate/communicative

a. Supervisor should strive for two-way communication with their

employees.

b. By using an overhead projector, the guest speaker was able to

communicate his statistical information clearly.

c. Because of the clerk’s highly developed communicative skills, she was

given a position that required her to deal directly with customers

2. Information/informed/informative

a. The owner informed his employees that they would all receive a 5 percent pay increase.

b. Getting Acquainted with Accounting, by John L. Carey, is very informative book.

c. Financial information is essential for organizational decision making.

3. Allowance/allowed/allowable

1. The supervisor lost control of his staff members after he allowed them to override his decisions.
2. When the factory was built 50 years ago, little allowance was made for remodeling and expansion.
3. Althought allowable, smoking was discouraged in the lunch room.

4. Fulfillment/fulfill/fulfilling

1. At times the assembly line worker felt a lack of profesiomal fulfillment
2. When he was promoted to production supervisor, however, his job became much more fulfilling.
3. Before the accountant could became a CPA, she had to fulfill a number of requirements.

5. Standars/has standardized/standard

1. The standard paper size in United States for business letters and memorands is 8,5 x 11 inches.
2. The computer department has standardized its procedures for storting and retrieving data.
3. Nowadays rigorous standards are enforced in the area of food processing and packaging.

C. Fill in the blanks below with the most appropriate terms the list.

parties financial statement reflected standardized allows

whereas interpretations informed communicates rigorous

An income statement is one example of a financial statement, it communicates financial information about a company over a period of time. A standardized format

Is used to present the financial information. This allows interested parties to compare one income statement to another in order to make informed financial decisions. But there is still a great deal of risk involved in financial decision making because the information reflected in an income statement is object to variety of

interpretations.

Look at the reading to answer these questions.

What does each of the following refer to?

LINES WORDS REFERENTS

1 its accounting

4 them whereas parties

19 another corporation

21 one 

MULTINATIONAL CORPORATIONS

A company often becomes involved in international trade by exchanging goods or services with another country-importing raw materials it may need for production or exporting finished products to a foreign market. Establishing these trade relationships is the first step in the development of a multinational business. At this stage, however the corporation’s emphasis is still on the domestic market. As trade expands, the corporation’s dealing with companies or people outside the “home country” of that corporation increase.

The corporation then begins to view the whole world as a base for production and marketing operations. The next step in the development of a multinational business is focusing on the world market. The company may establish a foreign assembly plant, engage in contract manufacturing, or build a foreign manufacturing company or subsidiary. Therefore, a multinational corporation is a company that is primarily based in one country and has production and marketing activities in foreign countries.

Since World War II, multinational corporations have grown rapidly. The names and products of many of the multinational have become well-known in the world marketplace: International Business Machines (IBM), Royal Dutch Shell, Panasonic, Coca-Cola, and Volkwagen. Coca-Cola, for example, now has operations in more then 180 countries.

A multinational corporation operates in a complex business environment. Cultural, social, economic, political, and technological system vary from country to country. In order to operate successfully, a multinational company needs a basic understanding and appreciation of the foreign business environment.

Comprehension

A. Answer the following questions about multinationals. Questions with asteris (*) cannot be answered directly from the text.

1. What is the first step in the development of a multinational business?

2. Where is the comapany’s emphasis when it is simply trading with other countries?

3. What market does a multinational corporation focus on?

4. A company may establish its manufacturing operations in foreign countries? What are three forms that these operations may take?

5. What is a multinational corporation?

6 When have multinationals grown rapidly? *Why do you think they have experienced this period of rapid growth?

7. *What are some products that are produced by the following multinational corporations: IBM, Coca-Cola, Panasonic, Shell, and Volkswagen?

8. *Why does a multinational corporation operate in a more complex business environment than a domestic company?

9. *What are some of the social and political factors that can vary from country to country?

10. Why does a multinational corporation need a basic understanding of foreign business environments? *How can a multinational gain this understanding?

Answer:

A. 1. The first step (it) is establishing the trade relationship with another country.

2. The companies emphasis (it) is still on the domestic market.

3. A multinational corporation (it) focuses on the world market.

4. The three forms (they) are: It may establish a foreign assembly plant, engage in contract manufacturing, and build a foreign manufacturing company or a subsidiary.

5. A multinational corporation (it) is a company that is primary based in one country and has production and marketing activities in foreign countries.

6. Multinationals (they) have grown rapidly since World War II. Because during the war many countries knew what recurces are scarce or abundant in other countries.

7. IBM: International Business Machines, Royal Dutch Shell oil, Panasonic electronic, Coca-Cola softdrink, Volkswagen automobiles.

8. Because a multinational corporation focuses on the world market, and each country has its own system: culturally, economically, politically and technologically. Where as a domestic company only operates in one country which its system its already familiar.

9. Socially: In Japan life time employment system is applied, where as in Indonesia contract system employment is used.

Politically: Thailand is monarchism, Indonesia is democratic.

10. In order to operate successfully. This understanding can be gained through market research.

B. Determine which of the following statement are true and which are false. Then put T

or F in the blanks. Rewrite false statements to make them true.

1. T Multinaltional corporations have grown rapidly since 1945.

2. F Any company engaged in international trade is a multinational business.

3. T In order to operate successfully, a multinational company needs to be aware of national and international business environments

4. F A multinational corporation focuses on its “home country,” or domestic market.

5. F A multinational company does not establish factories in foreign countries.

Vocabulary Exercises

A.Write down any terms that you did not understand in the reading. Find each term in the reading, look at its context, and try to figure out the meaning. Discuss these terms with your classmates.

B.Look at the terms in the left-hand colomn and find the correct synonyms or definiti-

Ons in the right-hand colomn. Copy the corresponding letters in the blanks.

1. j corporation (line 5) a. chiefly; principally

2. e expand (line 6) b. function in; work in

3. g view (line 8) c. change

4. i stage (line 5) d. a company having more than half of its stock

owned by another company

5. a primarily (line 13) e. increase the dimensions of

6. h base (line 8) f. growth; expansion

7. c vary (line 21) g. see; look at

8. d subsidiary (line 21) h. foundation

9. b operate in (line 20) i. a step in development

10.f development (line 4) j. a type of business organization formed by an

association of stockholders

C.Fill in the blanks in the following paragraph with the most appropriate terms form the

list.

base operate in appreciation of expands

vary corporation development subsidiary

staged involved in view relationship

During the development of a corporation, the organizational structure may vary over time and pass through a number of stages . As the corporation grows, it expands its operations. It might become involved in setting up a subsidiary . Although the corporation still has a primary or “home base ,” establishment of a subsidiary allow the company to enter into new relationship with a view toward increasing its production and marketing capabilities.

Text Analysis

Look at the reading to answer these questions.

1.What does each of the following refer to?

LINES WORDS REFERENTS

2 it a company

5 this stage first step

17 IBM International Business Machine

2.Match the connective words or phrases with the appropriate functions.

c however (line 5) a. summarizing

d then (line 8) b. illustrating

a therefore (line 12) c. contrasting

b for example (line 18) d. sequencing information

3.Summarize the two general steps in the development of a multinational corporation.

a. establishing these trade relationship. (line 3-5)

b. focusing on the world market. (line 8-10)

4.Sometimes the definition of a term takes this form:

a controls the

A restrictive trade law → is → law → that → number of goods

imported or exported

that

term being defined → verb to be → class→ which → definition

This type of definition is known as a formal definition. In a formal definition the term or word being defined occurs first. It is followed by the verb to be (usually is ar are). Next the class states the general group that the term belongs to:

TERMS CLASSES

multinational corporation company

typewriter business machine

absolute advantage theory of specialization

After the class, either that or which is used. Finally, the definition itself includes information distinguishing this term other members of its class.

Write formal definitions for multinational corporation (page 56), corporation (page 57), and subsidiary (page 57).

a. A multinational corporation is a company that is primatily based in one country and has production and marketing activities in foreign countries.

b.

c.

5.Formal definitions may be shortened to a more general form, which includes less information. This is often called a semiformal definition. The class, that or which, and the verb to be are omitted.

A restrictive trade law → controls → the number of goods imported or exported

Term being defined → verb → definition

Change the formal definition from the previous exercise into semiformal definitions.

a A multinational corporation is primatily based in one country and has production and marketing activities in foreign countries.

b.

c.

TENSES

Pr – Present; Ps-Past; S-Simple; C-Continuous; F-Future; Pf-Perfect

1. Pr.S - He writes many letters everyday. (habitual action)

2. Ps.S - He wrote m.1 yesterday. (occurred in the past)

3. Pr.C - It is writing m.1 now. (is occurring right now)

4. Ps.C - He was writing m.1 when it rained yesterday. (two actions in the

past).

5. Pr.F - He will write m.1 tomorrow. (will happen in the future).

6. Ps.F - He would write m.1 yesterday, but he didn’t have time.

7. Pr.Pf - He has written m.1 already (has just happened now).

8. Ps.Pf - He had written m.1 when it rained yesterday. (two actions in the past)

9. Pr.Fc - He will be writing m.1 when you visit him tomorrow. (in the future)

10.Ps.Fc - He would be writing m.1 when you visited him yesterday. (in the past)

11.Pr.FPf - He will have written m.1 when you come tomorrow (in the future)

12.Ps.FPf - He would have written m.1 when you come yesterday. (in the past)

13.Pr.Pfc - He has been writing m.1 for two days until now. (continuosly from past

until now).

14.Ps.Pfc - He had been writting m.1 for two days until yesterday (continuosly

from past to past)

15.Pr.Fpf.C - He will have been writing m.1 for two days will tomorrow. (until in the

future)

16.Pr.F.Pfc - He would have been writing m.1 for two days until yesterday. (until in

the past)