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3. why is international finance an important part of the financial 3. What is the purpose of the management accountant?
economy? Answer: The Management Accountant has the aim of providing
information related to manage and developing, and also interpreting to
International finance is an important part of the financial economy. assist management in operating the company.
Because it addresses issues related to monetary interactions of at least
two or more countries. International finance deals with subjects such as 4. What is the meaning of certified public accountants?
currency exchange rates, the world monetary system, foreign direct Answer: Certified public accountants is an accountants who has passed a
investment (FDI), and other important issues related to international series of examinations and received a certificate or license entitling him
financial management. or her to render an opinion, qualified or unqualified, as to the fair
presentation of the data in the statements.
4. What the factors influence the exchange rate?
5. Why CPA very important for accountants in your opinion?
a. Inflation rate... Answer: Because CPA is a trusted financial advisor who helps
individuals, businesses, and other organization plan and reach their
b. Balance of payments activities
c. Differences in interest rates in various countries... financial goals. whatever those goals saving for a new home, opening a
d. Relative income level.... new office, or planning a multi-billion dollar merger CPA can help.
getting CPA certification opens the kinds of doors that can fast track you
e. Government Control.....
f. Expectations into influential jobs in every industry
7. Could you tell us what the different is between modern and old
bookeeping process?
I am a new graduate from the accounting school. who will later work in
accounting. Accounting major is one of the departments that has a broad
branch of science, such as Tax Accounting, Education, Finance, Examination,
Management and others. therefore accounting graduates can make careers
brighter, we can become accountants, audits, managers, bankers and other
important sectors, whether industry or business. therefore new graduates from
accounting schools will get professional accounting careers
International
2. Exsport = Import
3. Currency = Exchange Rate 2. Accrual = Cash
11. Selling Price= Purchase price 10. Accounting Cycle = Process Data
Foreign of Accounting
10. Public Accounting = Consist largely of auditing and tax services International
Bookeping Foreign trade, the exchange of goods between nations, take a place for many
reason . Is that no nation has all of the Commodities (commodity) that it
1. Account Payable = Liabilities needs. Is it enough for our nation to have raw materials? Countries that do not
have these Resources (resource) within their own Boundaries (boundary) must
buy from countries that export them. Foreign trade also occurs because a 5. A bookkeeper Is responsible for processing the paperwork for a
country often does not have enough of a particular item to Meet (meet) its need. company's business transactions.
At the first, is able to other nation should have innovation,for example of a 6. One of the best ways to learn what it takes to become a bookkeeper Is
country that should have innovate by Creating (create) a machine engine that to study accounting software and get a feel for how it works.
will be Exported (export) to various countries that need such an Indonesia sell 7. Bookkeeping Is an activity in the from of recording financial
items at a lower cost than other countries. Foreign trade Take (take) place transaction.
because of innovation.The second, for most nations, exports and imports are 8. The bookkeeping themselves must be accurate, good in math, and
the most important international Activity (activity). When nations export more meticulous That is they must be very careful to record each detail in it's
than they import, they said that of they should have a unfavorable balance of proper place.
trade. Nations try to maintain a favorable balance of trade, which Assures 9. The basic principle of double-entry bookkeeping Is, That every
(assure) them of the means to buy necessary Imports (import). transaction has a twofold effect.
10. The investment in an organization or business by It, Is Owner or
Forex owners.
1. A foreign exchange trader must make quick decisions based on rapid !!!!!!!!!!!!!!!!!!!!!!
mathematical calculations.
1. National money .... printed on paper
2. All currencies are quotable either in terms of the value of one unit of
currency. 2. The long term borrowing .... the short term borrowing to grow the national
development project
3. Each rate quotation is the reciprocal of the other.
3. A trade .... when buyer and seller agree on the price given
4. Trading may also accour for settlement on delivery at any future date.
4. Every nation ..... resident on the use if its money outside the country
5. The foreign exchange trader also buys and sells for future delivery.
6. This service is usually offered to accommodate tourists. 5. Accounting ...... from the qualified salary
7. Every nation restricts resident on the use of its currency outside the 6. It. ........ not necessary to have the certificate in order to practice
country. accounting
8. The trader must also be certain that he has a sufficient balance in his due 7. Private govermental accountants, they ..... usually working in small
from accounts to make delivery on sales and maturing futures contracts. company as the beginning career
9. Rate fluctuate constantly during a trading day. 8. Many bookkeeping system ..... journal and record for specific types
10. Small decimal changes in the exchange rate are important.
9. It ...... excellent opportunities to move ahead
Foreign of Accounting
10. They are ....... to record each detail in system
1. There are several uses of management accounting to control an activity
from a company
2. The accounting function tends to infrom the activities carried out and
the cost in curred by a work with.
3. If there is a change in technologi, management accountants must learn
about these changes and existing skills.
4. Financial accountant is an accounting field that has activities to
recording all financial accounting transactions.
5. Managements accountants are very important for the continuity for
decision making.
6. The business owner have to manage their financial to make the
company still survive.
7. Without information, the management accountants will find the trick to
solve problem is difficult.
8. Facilitate decision making related to the resolution of operasional
problems faced by the company.
9. A management accounting career develops a long the growth of the
company.
10. A review of an organizations financial records by an accountants.
Bookkeeping
1. Singel entry is any bookkeeping system That does not include the
complete results of each transaction.
2. Journal is a book in which transaction Are recorded.
3. A general ledger account is an account or record used to sort and store
balance sheet and income statement transactions
4. A trial balance is a bookkeeping or accounting report That lists the
balances in each of an organizations general ledger accounts.