ACCOUNTING FOR MANAGER (I)

OLEH

Dr. I MADE ADNYANA, SE,.MM.

SEKOLAH PASCASARJANA
MAGISTER SAINS MANAJEMEN
UNIVERSITAS NASIONAL
 PENGERTIAN
 Accounting is an information system that provides
report to stakeholders about the economic activities
and condition of a business.
 What is the role of accounting in business? The
simplest answer to this question is that accounting
provides information for managers to use in
operating the business. In addition, accounting
provides information to other stakeholders to use in
assessing the economic performance and condition
of the business.
 The process by which accounting provides
information to business stakeholders is as follows:
1. Identity stakeholders
2. Assess stakeholders information needs,
3. Design the accounting informations system to meet
stakeholders needs,
4. Record economic data about business activities and
events.
5. Prepare accounting reports for stakeholders.
 PROFESSION OF ACCOUNTING
 The two most common are financial accounting and
managerial accounting.
 FINANCIAL ACCOUNTING is primarily concerned
with the recording and reporting of economic data
and activities for a business. Although such report
provide useful in information for managers, they are
the primary reports for owners, creditors,
governmental agencies, and the public.
 MANAGERIAL ACCOUNTING, or management
accounting, use both financial accounting and
estimates data to aid management in running day-
to-day operastions and planning future operations.
Management accountans gather and report
information that is relevant and timely to the
decision-making needs of management.
 Other fields of accounting are: cost accounting,
enfironmental accounting, tax accounting, accounting
systems, international accounting, not-for profit
accounting and social accounting.
 PROSEDUR ACCOUNTING (ACCOUTING CYCLE)
1. Transaction
2. Journal
3. Ledger
4. Financial report
 Financial report terdiri dari:
1. Balance sheet
2. Income statement
3. Cash flow staatement
4. Retained earning statement, and
5. Equity statement.
 THE ACCOUNTING EQUATION

Assets = liabilities + owner’s equity

Assets – liabilities = owners equity
 Contoh:

John Joos is the owner and operaor of you’re A Star,

a motivational consulting business. At the end of its
accounting period, december 31, 2007, You’re Star
has assets of $ 800,000 and liabilities of $
350,000. Using the accounting equation ,
determinethe following amounts:
a) Owners equity , as of december 31,2007
b) Owners equity, as of december 31, 2008,
assuming that asstes increased by $ 130,000 and
libilities decreased by $ 25,000 during 2008.
 Contoh:
the assets and liabilities of Chickade Travel service
at april 30, 2008, the end of the current year, and
its revenue and expenses for yhe year are listed
below. The capital of the owner, adam celini, was $
80,000 at may 1, 2007 the beginning of the
current year.
 Account payable $ 12,200
Account receivable $ 31,350
Cash $ 53,050
Fees earned $ 263,200
Land $ 80,000
Miscellaneous expense $ 12,950
Office expense $ 63,000
Wages expense $131,700
Instruction:
1. Prepare income statement for the current year
ended April 2008,
2. Prepare a statement of owners equity for the
current year ended april 30,2008. Adam Cellini
 invested an additional $ 50,000 in the business
during the year and withdrew cash of $ 30,000 for
personal use.
3. Prepare the balance sheet as of April 30,2008.

 Exercises
1. Daryl Wallin is the owner and operator of Pima
LLC, a motivational consulting business. At the end
of its accounting period, December 31, 2007, Pima
has assets of $ 617,000 and liabilities of $
382,000. using the accounting equation, setermine
the following amounts:
a. Owners equity, as of december 31, 2007.
b. Owners equity, as a december 31,2008, assuming
that assets increased by $ 114,000 and liabilities
decreased by $ 29,000 during 2008.
2. A summary of cash flows for Chickadee Travel
Service for the year anded April 30,2008, isn
show below.
Cash receipts:
Cash received from customers $ 251,000
Cash received from additional investnent
of owner $ 50,000
Cash payments:
Cash paid for expenses $ 210,000
Cash paid to land $ 80,000
Cash paid to owner for personal use $ 30,000
The cash balance as of May 1, 2007, was $ 72,050
Prepare a statement of cash flows for Chickadee
Travel Service for the year ended April 30, 2008