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TOPIC 1 INTRODUCTION OF ACCOUNTING

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LEARNING REFLECTION ( 21/05/2019):

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- very clear

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I learn that the internal auditor plays an important role in the company to check the accuracy of the financial statements

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Nur Hidayah A2P4
I can understand

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Siti Wanurmaya Sherina Bt Abd Rashid (A2P4)

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Siti Wanurmaya Sherina Bt Abd Rashid (A2P4)

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-i can understand the definition of accounting clearly and there also have two type of users in accounting such as external users and internal users .

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Nur Atikah Nabilah (A2P4)
- I really understand about your explaination just now very clear like 1.1 i learn about the definition of accounting which is identifying,recording,classifying,summarising,communicating and interpreting and in 1.2 i learn about the two type of users such as internal user that used by director of companies,manager and auditor.The external user is used for investor,creditor and government.

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I already understand the definition of accounting & the type of users in accounting.

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Nur Adlina Binti Muhamad Ali (A2P4)

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Rosemary Ting (A1P5)
Sub topics1.1&1.2 covered with much apprehension as I've learnt about the definition of accounting and the two different users of the accounting information. The users are categorised as the external and the internal users.

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I learnt about definition of accounting and the users of accounting information.Accounting can be defined as the entire process of identifying,recording,classifying,summarising,communicating and interpreting .There are 2 types of users which is internal and external users.I understood very well.

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i learned the introduction of accounting and tried to memories it as fast as possible.

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Syafinas binti Nasir (A2P4)
- I can understand about the definition of accounting and there are also 2 types of users accounting information which is external users and internal users .

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I really understand the introduction of accounting
and the user of accounting information.

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ZAWANAH SYAZWANI BINTI ROSLAN (A1T4)
I really understand about introduction of accounting. Next, there are two types of accouting information such as internal users and external users. Internal users likes government amd externsl users likes owner and management.

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i learnt the introduction of accounting and i really understand it. today i learnt until subtopic 1.2.there are 2 types of users which are internal and external. there are also many types of accounting and for this semester we highlight the financial accounting.

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Nur Maisarah Binti Rusli (A1P4)

-Today,I learnt about definition of accounting and users of accounting information...

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SYAHIER AZFAR (A1P4)
I really understand about the introduction of accounting and the 2 type of usees accounting information

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Today I learnt about definition of accounting and the users of accounting information. Accounting can be defined as identifying, recording, classifying, summarising, communicating and interpreting. The users of accounting information are divided into two, internal users and external users. Internal users are managers, directors of company and internal auditors. External users are investors, creditors and government agencies.

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I learnt that accounting is a process of identifying, recording, classifying, summarising, communicating and interpreting in order to make better desicions. The users of accounting information consist of two which are internal and external. I understand these two subtopics.

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Siti Nur Fatihah (A2P3)
- I learnt about definition of accounting and type of users in accounting clearly , and I really understand

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Amirah Zulaikha Binti Mohd Azamudin (A2P3)

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Amirah Zulaikha Binti Mohd Azamudin (A2P3)

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Today, i learnt about definition of accounting & users of accounting information. I understood very well about the definition of accounting & and there are also 2 types of users which is internal and external users. Internal users consist of management, internal auditor and workers while external users consist of investor, creditors and Lembaga Hasil Dalam Negeri.

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NUR SYAZATUL SHIMA BINTI MOHD KHALID (A2P3)

Today I learned about definition of accounting such as Identifying, recording, classifying, summarising, communicating and interprenting. At 1.2 I learned type of users of accounting information that have been divide to two. First, internal users and second is external users

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i learnt about definition of accounting and the users of accounting for today and i quite understand it but i have to memories it , thankyou

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After today's lecture, I have learned that accounting is actually a process which includes six steps in total which will ease the managers' decision making. Besides, there are two types of users of accounting information which are internal and external users, who are both very concerning about the financial statement of a business.

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I can understand the subtopics very well which are the definition of accounting and the type of users of accounting information.

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I clearly undertand about definition of accounting and we don’t have to write it in essay as it just 2 marks. Then,  there are 2 type of users which is internal and external users☺️ Thank you for your  guidance 🤗

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I learnt about definition of accounting and the users of accounting information.I understand and very clear about it.

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I learnt about definition of accounting and the users of accounting information.I understand it

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I can understand clearly  what the lecturer teach

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I can understand sub topic 1.1 and 1.2 clearly

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I really understand abour your explanation very well

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Muhammad Syahmi Bin Mohd Shahrul Azumi (A2P1)

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Muhammad Syahmi Bin Mohd Shahrul Azumi (A2P1)

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Information is clear. now i know there are two user, internal and external

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NURUL AZEERA BATRISYA BINTI ZAMREE (A1P2)

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NURUL AZEERA BATRISYA BINTI ZAMREE (A1P2)

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I'm clearly understand about your explaination regarding the definition of accounting and the users of accounting information

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I've learnt about the definition of accounting, which is identifying, recording, classifying, summarising, communicating and interpreting and the two types of users of accounting information, which are internal users and external users.

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I learned about definition of accounting and the users of accounting.accounting is a process where we must identity,record ,communicate to make a desicion.there r internal and external users of account.

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I had learnt definition of accounting and the users of accounting information. Accounting is the process of identifying, recording, classifying, summarising, communicating,and interpreting. The users of accounting information are categorized as external users and internal users.

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Today i learned about the definition of accounting which is recording,storing,sorting,retrieving,summarising and presenting..i also learned that there is two users of accounting which is internal and external users

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I had learnt many accounting information throughout the lesson

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Today i have learn about definition of accounting and the two type of users in accounting such as external users and internal users

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Today I had learnt many accounting information such as definition of accounting, 2 type of users which is internal and external users. I understand and clear about it.

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Khairun Nabihah (A1P5)
I learnt about definition of accounting which are identifying,recording,summarising,classifying,communicating and interpreting. Other than that, the users of accounting information which are external users and internal users.

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NUR AINA BINTI ABDUL LATIF ( A1P3 )

I learnt about definition of accounting and others . I have understand it .

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I learnt that accounting is a process of identifying, recording, classifying, summarising, communicating and interpreting. I also learnt that there are two types of accounting information's users which are internal user and external user.

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Today I learnt about 1.1&1.2 which is the definition of accounting and users of accounting. Accounting is a process of identifying, recording, classifying, summarising, communicating and interpreting. There are two users of accounting which is internal and external. It is a very clear explaination for me, thank you teacher.

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Today I learnt about the definition of accounting that includes the process of identifying, recording, classifying, summarising, communicating and interpreting. Other than that, I also learnt the users of accounting information that divides to two; internal users and external users.

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I learnt about internal and external users today. For internal users such as internal auditor and workers, they should know about the company accounting information so that they know about the current company condition. For external users such as investors and creditors, they should know about the company accounting so that they can decide and determine whether the company could make any profit and the ability to repay back their debt.

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i learnt about definition of accounting and the users of accounting information. accounting can be defined as the entire process of identifying, recording, classifying, summarising, communicating, and interpreting. there are 2 types of users which is internal and external users. i understood very well. 

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i learnt about definition of accounting and the users of accounting information. accounting can be defined as the entire process of identifying, recording, classifying, summarising, communicating, and interpreting. there are 2 types of users which is internal and external users. i understood very well. 

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nurul zafierah bt mohd zin (A2P5)
i learnt about definition of accounting and the users of accounting. there are 2 types of users which is internal and external users.

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Tan Li Xuan A2P4
I have learnt about the defination of accounting is the entire process of indentifying, recording, classifying, summarising, communicating and interpreting in order for users to make better decision. Users can cassified into two types that is internal users and external users. I understand today’ lesson very well.

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I can understand about the definition of accounting and the users of accounting information

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Faqrul Radzy Baharuddin.  A2P1

I learned that in accounting has two sections internal and external.In internel contains director of the company,managers and internal auditors to check our business progression.For external contains investor,creditors and government agencies which is LHDN for tax.

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I learnt about the definition of accounting. Accounting is the process of identifying, recording, classifying, summarising and communicating.
I also learnt that there are 2 types of users which are internal users and external users.

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I learned about the definition of accounting which is the process of identifying, recording, classifying, summarising, interpreting and communicating. I also learned that there are two type of user which are external user and internal user.

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Today i learnt, there are 2 type of users of accounting information, such as internal users and also external users. I understand very well.

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I can refresh and got back what I had learnt before in secondary school. Thank you.

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Aliya Azhar (A1P4)
Today, I understand the definition of accounting and the users of accounting information :)

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Today, I learnt topic 1.1 and 1.2 which were the definition of accounting and the users of accounting information. It’s about the process and who’s going to use the information. So far, I can understand it clearly.

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Nor Fatihah bt Aziz (A1P3)

today i learnt about the introduction of accounting..Accounting  is a system that identifies,recording and communicating..
There are two types of users which is internal and external..example for internal is mangers and internal auditor. For external is investors

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as for today i learnt about introduction about accounting and who is external and internal users for accounting information. i understood very well

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NOR SYAFIQAH AZWA BINTI MAT SANUSI (A1P2)

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NOR SYAFIQAH AZWA BINTI MAT SANUSI (A1P2)

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l already understand the definition of accounting and users of accounting information.

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i can understand clearly about the definition of accounting which are identifying, recording, classifying, summarising, communicating and interpreting. i also learned the users in accounting which is internal and external users. internal users such as workers, director, manager, internal auditor. while for external users such as bank, investor, and LHDN

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Nur Syazwani binti Suhaimi A2P2
I learnt about definition of accounting and the users of accounting information. Accounting can be defined as identifying, recording, classifying, summarising, communicating and interpreting. The users of accounting are, internal users and external users

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The explanation was very clear and understanding.

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Puteri Fadlin Sakina Bt Megat Mahayudin (A2P2)

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Puteri Fadlin Sakina Bt Megat Mahayudin (A2P2)

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I learnt about definition of accounting and the users of accounting information . i can understand clearly .

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I clearly understand about the definition of accounting and there are two types of users include internal users and external users .

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What i have learned from the leacture, i understand that definition of accounting have 6 process which is identifying, recording, classifying, summarizing, communicating and interpreting. It will help them make a better decision. Other than that, there are two types of users of accounting information which are internal and external users.

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I learn about how to use a google classroom and it make me easier to send all our assignment and i learn about what is accounting. Accounting is a process which includes identifying, recording, classifying, summarizing, communicating and interpreting.

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i’m already starting to understand the english term in accounting

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I can understand the introduction of account very well...

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I can understand the introduction of the first topic for accounting ..

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I can understand the definition of accounting and the type of users

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I can clearly understand sub topic 1.1 and 1.2

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I can clearly understand sub topic 1.1 and 1.2.

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Easy to understand with crystal clear explanations which advantages to me but after all memorising in the main to be better.. Thank you miss

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It was easy to understand the basic definition of accounting which from what I recall includes: Identifying,  recording, classifying,  summarising, communicating and interpreting.  It was also easy to understand regarding the people who had the right to access the accounting information of a company  (internal users and external users).

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I can understand the definition of accounting and the type of users which is internal and external user

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I can understand clearly . i know what is the definition of accounting and i try my best to memorize it .

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Nurul Najwa Natashah Binti Mohd Shah A1P2

-I can understand

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I learnt about definition and users information accounting. Accounting can be defined as the entire process of identifying, recording, classifying, summarizing, communicating and interpreting. In addition, for the accounting users there are two type of users, internal and external.

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I have learnt about definition of accounting and users of accounting informations.
As a learner without basic, I know that accounting is not only about counting and calculating, but also included analysing, interpreting and so on. Aparting that, users are using the informations for various purposes. This makes me feel interested in this subject and I would like to learn more about it.
Lastly, the lesson had been delivered smoothly and clearly. A large appreciation for Madam Joyce!

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i learnt about definition of accounting & users of accounting information .

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Mur Hanis Farahin (A1P3)
I can understand your explaination about the definition of accounting and the two type of users in accounting.

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Alyaa Ziqreena Zaffira (A2P4)
I learnt that accounting is the process of identifiying, recording, classifying, summarising, communicating and interpreting.
Next users of accounting information. There are two types of users, external and internal. Both have their own reason to know about the company's accounting information.

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I learnt about the definition of accounting equation. Hence, in subtopic 1.2 of this subject,  there are also the different of users such as internal users and external users.

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I understand the defintion of accounting

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thanks,i can understand topic 1 very well

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A1: Process of identifying, recording, classifying, summarising, communicating, and interpreting all the transactions of business.

A2: Internal users (managers) and external users (investors)

A3: Financial accounting and managerial accounting

A4: Sole Proprietorship, Partnership and Company

A5: 1) a statement of profit or loss and other comprehensive income for the period
2) a statement of financial position as at the end of the period
3) a statement of changes in equity for the period
4) a statement of cash flows for the period

A6: - Bookkeeping is a part of accounting.
- Process of recording in chronological order, the daily transactions of a business entity.
- Accounting is an information system.
- Process of recording, classifying, summarizing, reporting, analyzing, and interpreting the financial condition and performance of a business.

A7: • Sole Proprietorship
- number of owner : 1
- capital source : proprietor
- life of organization : limited
- liabilities : unlimited
- laws and regulations: Business Act 1956
- distribution of profit/losses : wholly owned by proprietor

• Partnership
- number of owner : 2-20
- capital source : partners
- life of organization : limited
- liabilities: unlimited
- laws and regulations: partnership Act 1961
- distribution of profit/losses : among partners

• Company
- number of owner: 2-unlimited
- capital source: shareholders
- life of organization: indefinite
- liabilities: limited
- laws and regulations: companies Act 1965
- distribution of profit/losses: allocated according to shares of capital ratio

A8: Internal users
- making routine decisions and controlling operations
- confirmed the management system and the financial system of a company comply with accounting standards.
- identity and evaluate bussiness performance for salary and bonus

External Users
- to know the company's profitability and the amount of dividens paid out to shareholders
- to decide whether to buy more shares or dispose the shares they have
- asses the ability of the business to repay the loan

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Q1 -  Process of identifying, recording, classifying, summarising, communicating, and interpreting.

Q2 - internal user : internal auditor
-external user : creditor

Q3  -Financial Accounting
- Management Accounting

Q4 - Services
- Manufacturing
- Merchandising

Q5 - Statement of Comprehensive Income
- Statement of Changes in Equity
- Statement of Financial Position
- Statement of Cash Flows

Q6 - Bookkeeping
• Bookkeeping is a part of accounting. Process of    recording, in chronological order, the daily transactions of a business entity.
- Accounting
• Accounting is an information system. Process of recording, classifying, summarizing, reporting, analyzing and interpreting the financial condition and performance of a business.

Q7 - Sole Proprietorship
•Capital source : Proprietor
• Liabilities : Unlimited
- Partnership
• Capital source : Partners
• Liabilities : Unlimited
- Company
• Capital source : Shareholders
• Liabilities : Limited

Q8 - Internal auditor : Confirmed the management system and the financial system of a company comply with accounting standards
- Workers : Identify and evaluate business performance for salary and bonus
- Investors : To know the company's profitability and the amount of dividends paid out to shareholders
- Creditors : Assess the ability of the business to repay the loan.

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1. accounting is process of identifying recording classifying summarising communcatin and interpreting all the transactions that happened in the business
2. i) internal users - internal auditors
ii) external users - investors
3. i) financial accounting
ii) managerial accounting
4. - sole proprietorship
- partnership
- company
5. 1) comprehensive income for the period
2) financial position as at the end of the period
3) changes in equity for the period
4) cash flows for the period
6. bookkeeping
- part of accounting
- process of recording, in chronological order
- the daily transactions of a business entity
accounting
- an information system
- process of recording, classifying, summarizing,
reporting, analyzing
- interpreting the financial condition and
performance of a bussiness
7. i) sole proprietorship
- 1 owner
- capital by the proprietor
- liabilities is unlimited
ii) partnership
- 2-20 owner
- capital by the partners
- liabilities is unlimited
iii) company
- 2-unlimited owner
- capital by shareholders
- liabilities limited
8. internal users
- management : making routine desicions and controlling operations
- internal auditor : confirmed the management system and the financial system of a company comply with accounting standards
external users
- investors : to know the company’s profitability and the amount of dividens paid out to shareholders
- creditors : assess the ability of the business to repay the loan

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Q1: Process of identifying, recording, classifying, summarising , communicating and interpreting.
Q2 : - internal users and external users. Example internal users is investors and external users  is managers.
Q3 : Financial accounting and managerial accounting.
Q4 : - Sole Proprietorship
- Partnership
- Company
Q5: - statement of comprehensive income for merchandise companies
- statement of changes in equity
- statement of financial position
- statement of cash flows
Q6 : Scope : Bookkeeping - process involved preliminary work in accounting
Accounting - more to extensive and thorough work beyond bookkeeping.
Person in charge : Bookkeeping - accounting clerk
Accounting - accountant
Q7 : - the liabilities is unlimited
- the distribution of profits and losses is wholly owned by proprietor
- the capital source is only by proprietor
Q8 : 1. Management - Making routine decisions and controlling operations.
2. Workers - Identify and evaluate business performance for salary and bonus.
3. Creditors - Assess the ability of the business to repay the loan
4. Internal auditor - confirm the management system and financial system of company comply with accounting standards.

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1.acconting refers to the process of summarizing, analyzing and reporting these transaction
2.internal user
-worker
.external user
-investor
3.financial accounting, auditing
4.service, manufacturing, merchandising
5. statement of profit and lost,  statement of financial position , statement of cash flow
6.bookkeeping is responsible for the recording of financial transactions
-accounting  is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.
7.own by one person
-unlimited liability
-can make their own decisions
8.Management(making routine decision and controlling operatins)
-workers(identify and evaluate business performance for salary and bonus)
-internal auditor (confirmed the management system and the financial statements of a company comply with accounting standards)
-creditors (asses the liability of the business to repay the loan. )

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Muhammad amirul nasif bin roslan (A2P3)
Q1:the result of business or economic transaction
Q2:-internal user(manager)
-external user(creditors)
Q3:-financial accounting
-management accounting
Q4:-sole proprietorahip
-partnership
-company
Q5:-balance sheet
-income statement
-statement of cash flows
-statement of stockholders equity
Q6:-accounting is more extensive and thorough work beyond bookeeping
Q7:-owned by one person
-life of organization limited
-liability unlimited
Q8:1)management-making toutine decisions and controlling operations
2)Internal auditor-confirmed the management systems and the financial system of a company comply with accounting standards
3)workers-identify and evaluate business performance for salary and bonus

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Q1- accounting is the entire process of identifying, recording and communication economic event
Q2- internal users (example: manager)
- external users (example: investor)
Q3-financial accounting and managerial accounting
Q4-a) service
B) manufacturing
C) merchandising
Q5-a)a statement of comprehensive income for the period
B)a statement of financial position as at the end of                 the period
C)a statement of changes in equity for the period
D)a statement of cash flows for the period
Q6- bookkeeping
A) bookkeeping is a part of accounting
B) process of recording,in chronological order,the                    dailysactions of a business entity
C) person in charge - accounting clerk
- accounting
A) accounting is an information system
B) process of recording, classifying, summarising,                   reporting, analyzing and interpreting the financial                 condition and performance of a business.
C) person in charge- accountant
Q7-characteristics business ownership
Sole proprietorship
A)1 owner
B) unlimited liabilities
C)capital source- proprietor
Partnership
A)2-20 owners
B) unlimited liabilities
C)capital source - partners
Company
A) 2 - unlimited owners
B) limited liabilities
C) capital source - shareholders
Q8-
Internal users
management- making routine decisions and needs information in planning,organizing and controlling operations
Internal auditor - ensuring the management system and the financial system of a company comply with accounting standards
External users
LHDN - determining the amount of tax to be collected
Bank - assessing the ability of a business to repay loan

# data[].attributes.body
Q1: The result of business or economic transaction
Q2: - Internal users (manager)
- External users (creditors)
Q3: -financial accounting
-management accounting.
Q4: sole proprietorship, partnership, company
Q5: -balance sheet
-statement of cash flows
-income statements
-statement of stockholders equity
Q6: Accounting is more extensive and though work beyond bookkeeping
Q7: -owned by one person
-life of organisation is limited
-capital source is the owner
Q8: -management: making routine decisions and controlling operations
-internal auditor: confirmed the management system and the financial system of a company company comply with accounting standards
-Workers: identify and evaluate business performance for salary ans bonus

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1. Process of identifying, recording, classifying, summarising, communicating, and interpreting.
2-internal user : internal auditor
-external user : creditor
3-Financial Accounting
- Management Accounting
4. Services
- Manufacturing
- Merchandising
5 - Statement of Comprehensive Income
- Statement of Changes in Equity
- Statement of Financial Position
- Statement of Cash Flows
6 - Bookkeeping
• Bookkeeping is a part of accounting. Process of    recording, in chronological order, the daily transactions of a business entity.
- Accounting
• Accounting is an information system. Process of recording, classifying, summarizing, reporting, analyzing and interpreting the financial condition and performance of a business.
7 - Sole Proprietorship
•Capital source : Proprietor
• Liabilities : Unlimited
- Partnership
• Capital source : Partners
• Liabilities : Unlimited
- Company
• Capital source : Shareholders
• Liabilities : Limited
8-Internal auditor : Confirmed the management system and the financial system of a company comply with accounting standards
- Workers : Identify and evaluate business performance for salary and bonus
- Investors : To know the company's profitability and the amount of dividends paid out to shareholders
- Creditors : Assess the ability of the business to repay the loan.

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Nur Syazatul Shima Binti Mohd Khalid
A2P3

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1. Accounting is an information system. Process of recording,classifying, summarizing, reporting, analyzing, and interpreting the financial condition and perfomance of bussiness.

2. -internal user: auditor -external user: investor

3. Financial accounting and managerial accounting

4. Sole proprietorship, partnership and company

5. Statement of comprehensive income, statement of changes in equity, statement of financial position, statement of cash flow

6. - accounting is an information sytem// bookkeeping is a part of accounting

- person in charge in accounting is        accountant // person in charge in bookkeping is accounting clerk

7. - liabilities: unlimited

- capital source: proprietor

- laws of regulation: bussiness act       1956

8. - management: making routine decisions and controlling operations

- internal auditor: confirmed the management system and the financial system if a company comply with accounting standard.

- investor: to decide wheter to buy more shares or dispose the shares they have

- creditors: assess the ability of the bussiness to reply the loan