Name : Arief Abdurachman

Class : 3A-D3 Business Administration

NIM : 135211007

Accounting
In business there are a lot of things that we have to know and understand. One of them is
accounting, it has a functions and makes a business goes effective and efficient. Accounting is
the science of recording, classifying and summarizing transactions so that relation with outsiders
is exactly determined and result of operation during a particular period can be calculated, and the
financial position as the end of the period may be shown.
The functions of accounting are record keeping, protecting of properties, communication
of results, meeting legal requirements. In accounting, we have to maintain systematic and
chronological of record financial transactions and to post them subsequently to the various
Ledger Accounts and finally to prepare the Final Accounts to find out the profit or loss of the
business at the end of accounting period.
The other function of accounting is protecting the properties. It means we have to to
calculate the correct amount of Depreciation on Assets by choosing the appropriate Method
applicable to any particular assets. any unauthorized dissipation of any asset will bring the
business to the threshold of insolvency.Accounting is to design a desirable system to protect the
properties and assets of the business from unauthorized and unwarranted use.
Then the third function is communicating the results. Accounting is always to
communicate the results of the recorded and transactions to the different parties who are
interested in the particular business, i.e., properties, investors, creditors, employees, Govt.official
and researchers etc. Conclusion is we have to know about accounting but knowing is not enough
then we have to understand what is accounting for.