ACT 3100 ACCOUNTING PRINCIPLES

SEMESTER I 2021/2022

CLASS ACTIVITY
ACCOUNTING ENVIRONMENT
Date : 17 October 2021

NAME:DING ZHONG JUN(S62869)

Activity 1
Instructions : Fill in the Accounting Process/Accounting Cycle

1.Analyse and
Measure the
Business
Transaction.
2.Record the
Business
8.Closing
Transactions in
Entries.
the Journal
Entries.

3.Posting
7.Prepare the Information
FInancial from Journal to
Statement. the Ledger
Accounts .

4.Perpare a
6.Prepare an
Trial Balance
Adjusted Trial
(Unadjested
Balance.
Trial Balance)
5.Adjusting
Entries are
Journalized and
Posted to the
Ledger.
 Activity 2 :
Instructions : Fill in the following template
USERS OF ACCOUNTING
INFORMATION PROVIDED BY AN
ENTITY
Lembaga Hasil Dalam Negeri
Employees of the Entity
Customers of the Entity
Bursa Malaysia
Competitors for the Entity
Minority Shareholders Watchdog Group
Management of the Entity
Suruhanjaya Pencegahan Rasuah
Malaysia
HOW/FOR WHAT PURPOSE DO
THEY USE THE ACCOUNTING
INFORMATION PROVIDED BY AN
ENTITY
To decide the total amount of tax need to
pay by the entity .
To know the health of company financial.
Identify the entity can provide an offer
with a fair price and good quality of
product.
To know the performance or achievement
of a entity before making decision to
invest.
Competitors can do the good business
strategic to compete with the entity such
as reducing the price of items sell.
To make decision for investment and
ensure the entity can give back return to
the shareholder .
For decision making to operate the entity.
To analyse the finance of a entity
accurately to prevent corruption between
the board of director.