AA 015 AND AA025 PERAKAUNAN by cikgu joyce_hng https://padlet.com/cikgujoyce0123/3jrriwsaotiszs SESSION 2019/2020 en-us 2019-03-30 14:07:05 UTC 2023-05-09 23:46:24 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Removelove.png SECTION A THEORY TOPIC 1 INTRODUCTION OF ACCOUNTING cikgujoyce2019 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/360710998 Q1 : Explain the definition of accounting?                                                  (2 Marks)

Q2 : List 2 type users of accounting information. For each users give one example.                                                                                                            (2 Marks)

Q3: Identify 2 branches of accounting?                                                       (2 Marks)

Q4: Name 3 basic form of business organization for profit oriented enterprises ?                                                                                                                                (3 Marks)

Q5: List 4 types of financial statements ?                                                   (2 Marks)

Q6: Explain the differences between bookkeeping and accounting?     (4 Marks)

Q7: Identify the characteristic of 3 types of business  ownership?        (6 Marks)                                             
Q8. Restate 4 users of accounting information and explain how each user uses the accounting information?                                                                          (8 Marks)                             
           
           ]]> 2019-05-16 10:33:52 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/360710998 TOPIC 2 BASIC ACCOUNTING CONCEPTS cikgujoyce0123 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362132366 Please do this exercise in group ( 3 to 4 persons) and upload your answer according to your group. One group submit one answer ONLY. Thanks ]]> 2019-05-21 13:33:28 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362132366 eg: GROUP NAME (PRAK) cikgujoyce0123 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362134238 Answer cant be direct typing here or you can do at A4 paper and snap photo as attachment. Thanks]]> 2019-05-21 13:36:49 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362134238 Colours❤💙💛(Jenny, Kikin, Wahida) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362389605 Accounting Concept Exercise]]> 2019-05-22 02:52:21 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362389605 Aqasha, Aina, Ashiqin https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362401061 2019-05-22 03:57:07 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362401061 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362401660 2019-05-22 04:01:14 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362401660 Aqasha, Aina, Ashiqin https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362401727 2019-05-22 04:01:39 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362401727 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362402121 Group 
1. Amira
2. Hanis
3. Elysha]]> 2019-05-22 04:04:09 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362402121 ACCOUNTING EQUATION cikgujoyce0123 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362766892 PLEASE DO IT IN GROUP]]> 2019-05-23 01:57:34 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362766892 GROUP 1 DISCUSSION cikgujoyce0123 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362788336 2019-05-23 04:10:05 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362788336 GROUP 3 DISCUSSION cikgujoyce0123 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362789080 2019-05-23 04:15:27 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362789080 GROUP 2 DISCUSSION cikgujoyce0123 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362789402 2019-05-23 04:18:02 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362789402 GROUP 4 DISCUSSION cikgujoyce0123 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362789890 2019-05-23 04:21:16 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362789890 Group 3 (A1P1) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362793575 adam(ketua)
puteri
aishah
aqilah

goodluck geng]]> 2019-05-23 04:44:20 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362793575 GROUP 2 A1P1 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362793888 ANIS
NONI
LIM]]> 2019-05-23 04:46:07 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362793888 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362795044 2019-05-23 04:53:00 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362795044 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362795202 group 2 A1P1
1.RONIY(KETUA)
2.AIN
3.ADIBAH]]> 2019-05-23 04:53:57 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362795202 Group 1 A1P1 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362795213
Hakim K
Nurafiqa Hanis 
Nurin Syakira
Ashmitha ]]> 2019-05-23 04:54:01 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/362795213 Answer (Puteri Nur Aleeya bt Iqbal Azaham - A1P1) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369364216 1) Accounting is a process of identifying, recording,summarising, communicating and interpreting.
2) Internal users for example Manager
     External users for example investors
3) - Financial Accounting
    - Managerial Accounting
4) - Sole Proprietorship
     - Partnership
     - Company
5) - A statement of Cash Flows
     - A statement of changes in equity
     - A statement of financial position
     - A statement of comprehensive income
6) Bookkeeping is a part of accounting and a process of recording , in chronological order, the daily transaction of a business entity while Accounting is an information system and a process of of recording classifying , summarizing, reporting , analyzing and interpreting the financial condition of a business.
7) - Sole proprietorship have only one owner
    - Partnership can 2 until 20 person of owner
    - Company can 2 until unlimited person of owner.
8) Manager : make routine decision and controlling operations.
    Workers : indentify and evalute business perfomance for salary and bons
    Investors : to decidr whether to buy more shares or dispose the share
Creditors : Access the ability if business to repay the loan.

]]> 2019-06-27 02:12:08 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369364216 haizal A1P2 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369364888 Q1-Accounting is a process of identifying,recording,summarising and communicating
Q2-internal user:manager
       external user:investor
Q3-financial accounting andaccountingand managerial accounting
Q4-sole proprietorship
     -company 
      -cooperation 
Q5-statement: cash flows
                        :comprehensive income
                       : financial position
                       : changes of equity
                         
  Q6-Bookkeeping is mainly related to identifying, measuring, and recording, financial transactions.
    - Accounting is the process of summarizing, interpreting, and communicating financial transactions which were classified in the ledger account
Q7- sole proprietorship-only one owner
   -partnership have 2-20 person of owner
-cooperation must have at least 50 or above person of owner
Q8-Investors will  use accounting information to guide investment decisions
-Banks or lending institutions may use accounting information to guide decisions such as whether to lend or how much to lend a business
-Managers need accounting information to plan, monitor and make business decisions
-Lenders use accounting information of borrowers to assess their credit worthiness]]> 2019-06-27 02:18:00 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369364888 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369365166 ALIF A1P2 

Q1: Accounting is a process of identifying , recording , communicating , summarising and interpreting .

Q2: Internal user : Manager 
       External user : creditor 

Q3: Managerial accounting 
       Financial accounting 

Q4: Proprietorship , Partnership , corporation 

Q5 : income statement , balance sheet , cash flow statement , change of equity statement 

Q6: Bookkeeping is a process that only involves identifying , measuring and recording financial statement while accounting is the process of summarising, interpreting, and communicating financial transactions which were classified in the ledger account. 

Q7: Proprietorship: liability unlimited
Partnership : liability unlimited 
Corporation : liability limited 

Q8: Internal users :
Management - evaluating and analyzing organization’s financial performance and position, to take important decisions .
Owners - They need accurate financial information to know what they have earned or lost during a particular period of time

External users :
Investor -know how their funds are used by the management and what is the expected performance of business in future in terms of profitability and growth.
Government agencies -use financial information of businesses for the purpose of imposing taxes and regulations.]]> 2019-06-27 02:20:31 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369365166 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369365371 2019-06-27 02:22:20 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369365371 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366073 SEE ZHAO WEI A1P5]]> 2019-06-27 02:27:05 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366073 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366148 Syahier azfar  A1P4]]> 2019-06-27 02:27:33 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366148 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366387 Amir A1P5
Question 1:
1) consistency concept
2) historical cost
3) consistency concept
4) expenses recognition
5) economy entity  concept

Question 2:
1) economic entity concept
2) historical cost
3) consistency concept


]]> 2019-06-27 02:28:45 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366387 idlanhelmy_19 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366429 Khairul Idlan. A1P5
1.Consistency concept
2. Historical Cost Concept
3. Consistency concept
4. Materiality Concept
5. Expenses Recognition


1. The Economic Entity Concept
2. The historical Cost Concept
3. Accounting Period concept]]> 2019-06-27 02:28:56 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366429 Question 1(AFIQ A1P4) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366617
1. Consistency. Use one method or accounting principle only from year to year
2. Historical Cost. Record the actual price 
3. Consistency. Use one method or accounting principle only from year to year
4. Materiality. Asset depreciation that affect the financial statement need to be recorded 
5. Economic Entity. Owner’s activity must be separated from company’s activity

Question 2
1. Economic Entity. Owner’s activity must be separated from company’s activity
2.Historical Cost. Record the actual price 
3. Consistency. Use one method or accounting principle only from year to year]]> 2019-06-27 02:29:45 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366617 Haziq Aiyad A1P4 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366644 Question 1
1 Consistency Concept 
2 Historical Cost 
3 Consistency Concept 
4 Expense Recognition 
5 Economic Entity 

Question 2 
1 Economic Entity 
2 Historical Cost 
3 Consistency Concept ]]> 2019-06-27 02:30:04 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366644 indah, aina, adilah A1P3 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366794 2019-06-27 02:30:59 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366794 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366849 Irfan norizam A1P4
1.Consistency-use a same method from year to year
2.Historical cost-actual price of a land must be recorded
3.Consistency-use a same method from year to year
4.Materiality-assets depreciation must be recorded
5.Economy entity-owner's activity must be separated from business company activity

I) economy entity-owner's activity must be separated with business company activity
Ii) historical cost-actual price must be recorded
Iii) Consistency-use a same method from year to year]]> 2019-06-27 02:31:24 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366849 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366890 2019-06-27 02:31:42 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366890 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366928 2019-06-27 02:32:04 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366928 shuhadanor77 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366944 2019-06-27 02:32:13 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366944 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366950 2019-06-27 02:32:17 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369366950 Fam Xin Er A1P3 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367019 2019-06-27 02:32:26 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367019 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367036 2019-06-27 02:32:33 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367036 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367066 2019-06-27 02:32:46 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367066 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367085 2019-06-27 02:32:54 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367085 shuhadanor77 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367099 2019-06-27 02:33:02 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367099 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367131 Aisyah Humaira bt Zuhairi dan Hanis Farahin bt hairulnizam ]]> 2019-06-27 02:33:18 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367131 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367144 Nazima Ahmad]]> 2019-06-27 02:33:27 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367144 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367147 2019-06-27 02:33:28 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367147 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367155 2019-06-27 02:33:31 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367155 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367171 2019-06-27 02:33:40 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367171 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367181 2019-06-27 02:33:44 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367181 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367185 2019-06-27 02:33:47 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367185 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367230 2019-06-27 02:34:09 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367230 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367250 2019-06-27 02:34:23 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367250 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367263 Aisyah Humaira bt Zuhairi dan Hanis Farahin bt Hairulnizam ]]> 2019-06-27 02:34:31 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367263 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367277 2019-06-27 02:34:36 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367277 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367280 2019-06-27 02:34:38 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367280 27/06 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367290 2019-06-27 02:34:44 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367290 Wong Xian Fa A1P4 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367302 1 Accounting is a process of identifying, recording, classifying ，summarizing, communicating and interpreting. 
2 Internal user - manager 
    External user - investor 
3 financial accounting 
    Managerial accounting 
4 sole proprietorship
   Partnership 
   Company 
5statement of comprehensive income 
  Statement of change in equity 
  Statement of financial position 
  Statement of cash flow 
6 bookkeeping is the process which involved preliminary work in accounting only while accounting is more extensive and through work beyond bookkeeping 
7 sole proprietorship - liabilities unlimited 
    Partnership - liabilities unlimited 
    Company - liabilities limited 
8 management - making routine decision and controlling operation 
  
   Workers - identifying and evaluate business performance for bonus and salary 
 
  Investor -to decide whether to buy more share or dispose share
  Creditor -assess the ability of business to pay loan

]]> 2019-06-27 02:34:51 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367302 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367307 2019-06-27 02:34:55 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367307 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367352 2019-06-27 02:35:17 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367352 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367381 2019-06-27 02:35:34 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367381 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367434 Alif Haiqal  A1P3 ]]> 2019-06-27 02:35:58 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367434 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367437 2019-06-27 02:35:58 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367437 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367490 NOR IRDINA AFIQAH A1P3
NURUL ILLYANA A1P3]]> 2019-06-27 02:36:23 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367490 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367520 2019-06-27 02:36:36 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367520 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367529 Hakim A1P1]]> 2019-06-27 02:36:40 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367529 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367564 Syafiqa,hanny,nabihah A1P5]]> 2019-06-27 02:36:52 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367564 NURUL AZEERA BATRISYA BINTI ZAMREE (A1P2) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367569 6) bookkeeping :-process involved is preliminary work in accounting
-person in charge is accountant clerk
Accounting- more extensive and through work beyond bookkeeping
-person in charge is accountant
7) i) sole proprietorship-only one owner
     ii) partnership - 2-20 owner
    iii) company - 2-unlimited owner
8) worker- identify and evaluate business performance for salary and bonus
Creditors- access the ability of the business to repay the loan
Investor- know company profit and the devidens
Management- making routing desicions and controlling operations.]]> 2019-06-27 02:36:53 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367569 ANSWER ( LIEW PHING SHUIN - A1P2 ) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367759 1) Accounting is a process of identifying , summarising , communicating and interpreting.

2) Internal user : Manager
     External user : Investor

3) -Financial Accounting
     - Managerial Accounting

4) - service
     - Manufacturing
     - Merchandising

5) Statement of Cash Flow
     Statement of Change in Equity
     Statement of Comprehensive Income
     Statement of Financial Position

6) Bookeeping does not include finacial statement while accounting does include financial statement.

7) ● Sole Propiertorship
     - 1 owner
     - Unlimited liabilities
     ● Partnership
      - 2-20 owners
      - Unlimited liabilities
      ● Company
      - 2 to unlimited owner
      - Limited liabilities

8) [Internal auditor]
   - To prepare financial statement of company
    [Management]
   - Making routine decision and controlling operation
     [Worker]
    - Identifying and evalute business performance for
      bonus and salary
     [Creditor]
    - Assess the ability of business to pay loan
     ]]> 2019-06-27 02:38:23 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367759 Answer (Afiq A1P4) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367802
1) Accounting is a process of identifying, recording,summarising, communicating and interpreting.✅
2) Internal users for example Manager✅
     External users for example investors✅
3) - Financial Accounting✅
    - Managerial Accounting✅
4) - Sole Proprietorship
     - Partnership
     - Company
5) - A statement of Cash Flows✅
     - A statement of changes in equity✅
     - A statement of financial position
     - A statement of comprehensive income
6) Bookkeeping is a part of accounting and a process of recording , in chronological order, the daily transaction of a business entity while Accounting is an information system and a process of of recording classifying , summarizing, reporting , analyzing and interpreting the financial condition of a business.
7) - Sole proprietorship have only one owner✅
    - Partnership can 2 until 20 person of owner✅
    - Company can 2 until unlimited person of owner.✅
8) Manager : make routine decision and controlling operations.✅
    Workers : indentify and evalute business perfomance for salary and bons
    Investors : to decidr whether to buy more shares or dispose the share
Creditors : Access the ability if business 
]]> 2019-06-27 02:38:56 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367802 Answer (Nurafiqa Hanis A1P1 ) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367817 Q1: Accounting is a process of identifying, recording, classifying, summarising, communicating and interpreting.
Q2: 1. Internal Users- Managers 
        2. External Users- Creditors 
Q3: 1. Financial Accounting 
        2. Managerial Accounting 
Q4: 1. Sole Proprietorship 
       2. Partnership 
       3. Company
Q5: 1. Statement of comprehensive income 
        2. Statement of changes in equity 
        3. Statement of financial position 
        4. Statement of cash flows 
Q6: Bookkeeping is a part of accounting and a process of recording in chronological order, the daily transaction of a business entity while accounting is an information system and a process of recording, classifying, summarising, reporting, analyzing and interpreting the financial condition and a perfomance of a business.
Q7: - Sole proprietorship have only one number of owner
       - Partnership have two untill twenty number of owner 
       - Company have two untill unlimited number of owner 
Q8: Managers: make routine decisions and controlling operations 
Workers: identify and evalute business performance for salary and bons
Investors: to decide whether to buy more shares or dispose the shares 
Creditors: Access the ability if business to repay the loan.]]> 2019-06-27 02:39:01 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367817 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367853 Syafikah,hanny,nabihah (part2)( A1P5)]]> 2019-06-27 02:39:20 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367853 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367860 2019-06-27 02:39:25 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367860 Answer (Teh Kuan You -A1P2) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367906 1) Accounting is the process of identifying, measuring, communicating and interpreting. 

2) Internal User : Manager
     External user : Investor

3) Financial accounting & Managerial Accounting 

4) Sole proprietorship, Partnership, Company

5) Statement of Comprehensive Income
     Statement of change in equity 
     Stament of cash flow
     Statement of financial position

6) Bookkeeping is not including financial statement but accounting has prepare financial statement

7) Sole proprietorship has only 1 owner, partnership has 2 until 20 owners while company can have 2 until unlimited owner
8) Managment - making routine decision and controlling operation
    Worker - Identifying and evalute business performance for bonus and salary
    Investor - to decide whether to buy more share or dispose share
   Creditor - assess the ability of business to pay      loan ]]> 2019-06-27 02:39:45 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367906 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367907 Adam Esqandar A1P2 ]]> 2019-06-27 02:39:45 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369367907 Nurin (A1P4) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368101 2019-06-27 02:41:02 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368101 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368145 Chong Yun Kwan A1P3]]> 2019-06-27 02:41:21 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368145 Nurin (A1P4) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368299 2019-06-27 02:42:04 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368299 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368342 Mohd Shahir..A1P3]]> 2019-06-27 02:42:27 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368342 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368425 2019-06-27 02:43:13 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368425 Yasmin A1P2 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368465 2019-06-27 02:43:38 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368465 Nur Adibah Ilyana(A1P1) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368469 1. The process of identifying, recording, classifying, summarising,communicating,interpreting and the results of business.
2. Internal user-managers
    External users-investors
3. -Managerial accounting 
    -Financial accounting 
4.-Services
   - Manifacturing 
   - Merchandising 
5.-Statement of comprehensive income 
   -Statement of changes in equity 
   - Statement of financial position 
   -Statement of cash flows
6. Bookeeping is a part of accounting which is the process only recording while accounting accounting process is recording,summarizing,reporting,analyzing,and interpreting the financial condition.
7. -The liabilities of sole proprietorship is unlimited and the                capital source is from proprietor 
    - The liabilities of partnership is unlimited and the capital source  is from partnership 
    -The liabilites of company is limited and the capital source is from shareholders.
8. Manager:make routine decision and controlling operations
     Workers:identify and evaluate business perfomance for salary and bons 
     Investors:to decide wether to buy more shares or dispose the share
      Creditors:access the ability if business to repay the loan 
   
 ]]> 2019-06-27 02:43:40 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368469 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368552 2019-06-27 02:44:34 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368552 Ain Aqilah Bt Amizan (A1P1) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368578 1 Accounting is identifying, recording, classifying, summarising, communicating, interpreting the financial condition and performance of a business.


2 Two type of user is internal user . Example managers, next, external user . Example, investor and creditor.

3 two branches of accounting is managerial accounting and financial accounting.

4 Services , manufacturing, merchandising

5 a statement of comprehensive income for the period
   A statement of financial position at the end of period
  A statement of changes in equity for the period
  A statement of cash flows for the period

6 the different between bookkeeping and accounting is bookkeeping is process of recording the daily transaction of business entity while accounting is process of recording, classifying, summarizing, reporting , analyzing and interpreting the financial confition and performance of business. Next, bookkeeping is a part of accounting while accounting is an information system.

7 sole proprietorship
 - life of organization is limited
- liabilities unlimited
- capital source  from proprietor
  Partnership
-life of organization is limited
- liabilities unlimited
- capital source from partners
Company
-life of organization is indefinite
- liabilities is limited

8 internal users
- management- make routine decisions and controll operation
-internal auditor- confirm the managerial system and financial system comply accounting standards.

External users
-investor- to know profit and amount of dividends
-creditor- asses ability the business to repay the loan




]]> 2019-06-27 02:44:48 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368578 MUHAMMAD MUSLIMEEN BIN MUHAMMAD A1P4 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368587 1) Accounting is a process of identifying, recording,summarising, communicating and interpreting.
2) Internal users for example auditor
     External users for example creditors
3) - Financial Accounting
    - Managerial Accounting
4) - merchandising
     - Partnership
     - Company
5) - Cash Flows
     - A statement of changes in equity
     - A statement of financial position
     - A statement of comprehensive income
6) Bookkeeping is a part of accounting and a process of recording , in chronological order, the daily transaction of a business entity while Accounting is an information system and a process of of recording classifying , summarizing, reporting , analyzing and interpreting the financial condition of a business.
7) - Sole proprietorship have only one owner
    - Partnership can 2 until 20 person of owner
    - Company can 2 until unlimited person of owner.
8) Manager : make routine decision and controlling operations.
    Workers : indentify and evalute business perfomance for salary and bons
    Investors : to decidr whether to buy more shares or dispose the share
Creditors : Access the ability if business to repay the loan.]]> 2019-06-27 02:44:54 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368587 Nur Ain Bt Abd Azis (A1P1) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368608 1 . accounting is a process of identifying , recording , classifying , summarising , communicating and interpreting the financial condition and a performance of a business 
2. 2 type users of accounting are internal users such as Manager . Second , external users such as creditor 
3. financial accounting is the field of accounting that provides economic and financial for external users 
managerial accounting provides economic and financial for internal users
4. merchandising , manufacturing  , service 
5 . a statement of comprehensive income for the period 
     a statement of financial position for the period 
     a statement of changes equity for the period 
     a statement of cashflow for the period 
6. the different between bookkeeping and accounting are bookkeeping is a part of accounting , process of recording in chronological order the daily of transaction 
.  accounting is a process of identifying, recording, communicating, summarising , interpreting the financial of the business 
7 . sole proprietorship - number of owner only 1 
   partnership - 2 till 20 
   company - 2 till unlimited 
   sole proprietorship - life of organization is unlimited 
    partnership- limited
    company- indefinite
8. internal user 
management - making routine decisions and controlling operations 
workers - identife and evaluate business performance for salary and bonus
External users 
- investors - to decide whether to but more shares or dispose the shares they have 
creditors - the ability of the business to repay the loan

]]> 2019-06-27 02:45:03 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368608 Syahier azfar A1P4 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368611
1) Accounting is a process of identifying , summarising , communicating and interpreting.

2) Internal user : Manager
     External user : Investor

3) -Financial Accounting
     - Managerial Accounting

4) - Sole Propiertorship
     - Partnership
     - Company

5) Statement of Cash Flow
     Statement of Change in Equity
     Statement of Comprehensive Income
     Statement of Financial Position

6) Bookeeping does not include finacial statement while accounting does include financial statement.

7) ● Sole Propiertorship
     - 1 owner
     - Unlimited liabilities
     ● Partnership
      - 2-20 owners
      - Unlimited liabilities
      ● Company
      - 2 to unlimited owner
      - Limited liabilities
     ]]> 2019-06-27 02:45:06 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368611 Haziq Aiyad A1P4 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368629 1) Accounting is a process of identifying, recording,summarising, communicating and interpreting.
2) Internal users for example Manager
     External users for example investors
3) - Financial Accounting
    - Managerial Accounting
4) - Sole Proprietorship
     - Partnership
     - Company
5) - A statement of Cash Flows
     - A statement of changes in equity
     - A statement of financial position
     - A statement of comprehensive income
6) Bookkeeping is a part of accounting and a process of recording , in chronological order, the daily transaction of a business entity while Accounting is an information system and a process of of recording classifying , summarizing, reporting , analyzing and interpreting the financial condition of a business.
7) - Sole proprietorship have only one owner
    - Partnership can 2 until 20 person of owner
    - Company can 2 until unlimited person of owner.
8) Manager : make routine decision and controlling operations.
    Workers : indentify and evalute business perfomance for salary and bons
    Investors : to decidr whether to buy more shares or dispose the share
Creditors : Access the ability if business to repay the loan.
]]> 2019-06-27 02:45:16 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369368629 IRFAN NORIZAM (A1P4) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369369573 Accounting is a process of identifying, recording,summarising, communicating and interpreting.
2) Internal users for example Manager
     External users for example investors
3) - Financial Accounting
    - Managerial Accounting
4) - Sole Proprietorship
     - Partnership
     - Company
5) - A statement of Cash Flows
     - A statement of changes in equity
     - A statement of financial position
     - A statement of comprehensive income
6) Bookkeeping is a part of accounting and a process of recording , in chronological order, the daily transaction of a business entity while Accounting is an information system and a process of of recording classifying , summarizing, reporting , analyzing and interpreting the financial condition of a business.
7) - Sole proprietorship have only one owner
    - Partnership can 2 until 20 person of owner
8) Manager : make routine decision and controlling operations
    Workers : indentify and evalute business perfomance for salary and bons
    Investors : to decidr whether to buy more shares or dispose the share
Creditors : Access the ability if business 
]]> 2019-06-27 02:54:29 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369369573 NURIN SYAKIRA (A1P1) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369371199 2019-06-27 03:14:23 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369371199 Emilyn (A1P2) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369371206 2019-06-27 03:14:25 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369371206 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369371470 2019-06-27 03:17:07 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369371470 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369386436 Frizka Aina A1P5 part 1]]> 2019-06-27 06:13:16 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369386436 Frizka A1P5 part 2 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369386549 2019-06-27 06:14:47 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369386549 Nursyazaliyana (A1P5) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369406013 Q1: Accounting is a process of recording, identifying, summarizing, communicating, reporting, classifying, analyzing and interpreting the financial condition and perfomance of a business.

Q2: 
1) Internal users, example : Managers
2) External users, example : Investors

Q3: 
1) Financial accounting
2) Managerial accounting

Q4: 
1) Sole proprietorship
2) Partnership
3) Company

Q5: 
1) Balance sheet
2) Cash flow statement
3) Changes in equity shares
4) Income statement

Q6: 
From definition, bookkeeping is a part of accounting. The process of recording, in chronological order, the daily transactions of a business entity. Meanwhile, the definition of accounting is a process of identifying, recording, communicating and summarizing perfomance of a business.

Q7: 
1) Number of owner for sole proprietorship is one.
2) Number of owner for partnership is 2 - 20 people.
3) Number of owner for company is 2 -unlimited.

Q8: 
  • External users
1) Management : Making routine decisions and controlling operations.
2) Internal auditor : Confirmed the management system and the financial system of a company comply with accounting standards.

  • Internal users
1) Creditors : Assess the ability of the business to repay the loan.
2) LHDN : To determine the amount of tax to be collected by them.


]]> 2019-06-27 09:13:14 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369406013 Nur Maisarah(A1P4) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369409620 2019-06-27 09:48:59 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369409620 Adam A1P1 adamakmal265 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369413803 2019-06-27 10:36:35 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369413803 idlanhelmy_19 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369426437 Muhammad Khairul Idlan bin helmy A1P5]]> 2019-06-27 12:42:41 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369426437 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369460752 2019-06-27 16:49:13 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369460752 KORAN KUMAR A/L SASHI KUMAR (A1P1) https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369461092 2019-06-27 16:52:03 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369461092 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369470504 2019-06-27 18:22:31 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369470504 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369471185 2019-06-27 18:29:04 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369471185 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369471369 Aliya Azhar (A1P4)]]> 2019-06-27 18:30:49 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369471369 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369471521 Aliya Azhar (A1P4)]]> 2019-06-27 18:32:44 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369471521 ainaaleeya30 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369565736 SITI AINA ALEEYA (A1P4)]]> 2019-06-28 12:53:08 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369565736 ainaaleeya30 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369566038 SITI AINA ALEEYA (A1P4)]]> 2019-06-28 12:56:21 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369566038 Hani Kamilia A1P5 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369581427 Q1: Accounting is a systematic process of identifying, measuring, recording, classifying, summarising, interpreting and communicating financial information.
Q2: 2 types users of accounting information is external users. Such as investors. Next, internal users such as managers.
Q3: 2 branches of accounting are financial accounting and management accounting.
Q4: sole proprietorship, partnership and corporation.
Q5: Balance sheet, Income statement, Cash flow statement, Statement of profit & loss.
Q6: Bookkeeping is the process of recording economic events. Accounting is an information system that identifies records and communicate tje economic events. In addition to this, bookkeeping is just a part of accounting process while accounting is the entire part of accounting process.
Q7: Sale proprietorship, partnership and company. 
Q8: 4 users of accounting information - 
Investors - use the valuation and credit analysis of companies
Management - management uses accounting information for evaluating and analysing organizations' financial performance and position to take important decisions.
Owners - They need accurate financial information to know what they have earned or lost during a particular period of time.
Employees - Employees use the accounting information to find out the financial health, amount of sales and profitability of business to determine their job security, the possibility of future remuneration, retirement benefits and employment opportunities.]]> 2019-06-28 15:05:40 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369581427 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369694440 2019-06-30 05:54:15 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369694440 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369694617 NUR HANI ARISSYA BT NORESHAM & NOR FATIHAH BT AZIZ (A1P3) ]]> 2019-06-30 06:00:12 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369694617 https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369874733 2019-07-01 23:24:44 UTC https://padlet.com/cikgujoyce0123/3jrriwsaotiszs/wish/369874733