Name: Teni Rolinis Huki

Class: 1E Akuntansi Sektor Publik

NIM:2023755866

UNIT 1. ACCOUNTANCY

A. According to my personal financial accounting is

a type of accounting that deals with providing financia
l reports about a company's profits, debts, cash flow,
etc. so that investors, banks, etc. can measure the
company’s performance.
B. General English and business English serve different
purposes.

 General English focuses more on the day to day

conversation and involves the use of basic
vocabulary and grammar. It leans more on a
casual tone.
 On the other hand, business English is more
extensive and specific. It is mainly used as a
language tool for business, as it is applied in a
more professional context. Learning business
English can be empowering for individuals who
aim for their professional growth, it also helps in
enriching one’s personal development which may
lead to opening door for new opportunities.

C. Well !
We have to do to prevent accounting scandals is :
a. Have a good control system
Relating to internal control,committee of
sponsoring organizations (COSO) requires
companies to have a framework internal control
such as,

.Good control environment

.risk assessment
.Good control activity
.Good comunication
.information flowSupervision

Of the 5 elements above, thiseelements focus on:

1. Control environment,

Is a work environment that is created or formed by

the company for employees. The elements of the
control environment include the following:

Management roles and examples

Management communication
The right recruitment
Clear organizational structure
Effective corporate internal audit

2. Good communication and information flow

(accounting system)We have to do to prevent
accounting scandals is :
a. Have a good control system
Relating to internal control,committee of
sponsoring organizations (COSO) requires
companies to have a framework internal control
such as,
.Good control environment
.risk assessment
.Good control activity
.Good comunication and information flow
.Supervision

Of the 5 elements above, thiseelements focus on:

1. Control environment,

Is a work environment that is created or formed by

the company for employees. The elements of the
control environment include the :

Management roles and examples

Management communication
The right recruitment
Clear organizational structure
Effective corporate internal audit

2. Good communication and information flow

(accounting system)
Every fraud that occurs must include acts of
fraud, concealing fraud, and conversions.
Therefore, a good and correct accounting system
can provide an audit trail that can help fraud be
found and make it difficult to hide it.

A good accounting system must ensure that

recorded transactions include the following
criteria:
Legitimate
Properly authorized
Complete
Classified correctly
Reported on the correct period
Rated correctly
Summarized correctly

3. Control activities or procedures

In order for employee behavior to match what you
want as a businessman and help the company
achieve its goals, of course five main control
procedures are needed:
Separation of duties or double supervision
Authorization system
Independent check
Physical security
Documents and records

b. Inhibits collusion

c. Supervise employees and provide

telecommunications channels for fraud reporting
d. Creating a picture of the punishment that will be
received for committing fraud

e. Carry out checks proactively.

Everyfraud that occurs must include acts of fraud,
concealing fraud, and conversions. Therefore, a
good and correct accounting system can provide
an audit trail that can help fraud be found and
make it difficult to hide it.

A good accounting system must ensure that

recorded transactions include the following
criteria:
Legitimate
Properly authorized
Complete
Classified correctly
Reported on the correct period
Rated correctly
Summarized correctly

4. Control activities or procedures

In order for employee behavior to match what you
want as a businessman and help the company
achieve its goals, of course five main control
procedures are needed:
Separation of duties or double supervision
Authorization system
Independent check
Physical security
Documents and records
b. Inhibits collusion

c. Supervise employees and provide

telecommunications channels for fraud reporting

d. Creating a picture of the punishment that will be

received for committing fraud

e. Carry out checks proactively.