Contoh Reading Comprehension Exercise

Topic : Introdution to Accounting
Directions
1. This unit is an example of Reading Comprehension Exercises that each group has to
write.
2. This is also an assigment you have to do in kertas folio bergaris. You all have to submit
in week 3.
I. Match the word in column A with its meaning in B
A B
1. results a. recognised
2. financial b. set up
3. established c. giving presentation in words
4. known d. the act or process of assigning numbers
5. measurement e. the things are caused by some previous phenomenon
6. reporting f. providing money
II. Complete the text with correct word in column A Part I
Accounting or accountancy is the ... (1) , processing, and communication of ... (2)
information about economic entities such as businesses and corporations. The modern field
was ... (3) by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been
called the "language of business", measures the ... (4) of an organization's economic
activities and conveys this information to a variety of ... (5) , including investors, creditors,
management, and regulators. Practitioners of accounting are users as accountants. The terms
"accounting" and "financial ... (6) " are often used as synonyms.
III. Read the text carefully to state whether the statement in each number True or
False by writing T or F between brackets.
Accounting can be divided into several fields including financial accounting,

management accounting, external auditing, tax accounting and cost accounting.Accounting
information systems are designed to support accounting functions and related activities.
Financial accounting focuses on the reporting of an organization's financial information,
including the preparation of financial statements, to external users of the information, such as
investors, regulators and suppliers;[ and management accounting focuses on the
measurement, analysis and reporting of information for internal use by management. The
recording of financial transactions, so that summaries of the financials may be presented in
financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most
common system.
Accounting is facilitated by accounting organizations such as standard-setters, accounting
firms and professional bodies. Financial statements are usually audited by accounting firms,
and are prepared in accordance with generally accepted accounting principles (GAAP).
GAAP is set by various standard-setting organizations such as the Financial Accounting
Standards Board (FASB) in the United States and the Financial Reporting Council in the
United Kingdom. As of 2012, "all major economies" have plans to converge towards or adopt
the International Financial Reporting Standards (IFRS)
Statements
1. Accounting has only two fields. (...)
2. Financial accounting focuses on external users such as investors, regulator and
suppliers.(...)
3. Summaries of the financials may be presented in financial reports. (...)
4. Standard-setters, accounting firms and professional bodies are accounting
organizations.(....)
5. Financial statements may not be audited by accounting firms.(...)
6. The International Financial Reporting Standards (IFRS) are finalcial stardards in the
United States. (...)
IV. Read the text below carefully to answer the questions.
The history of accounting is thousands of years old and can be traced to ancient civilizations.
The early development of accounting dates back to ancient Mesopotamia, and is closely
related to developments in writing, counting and money; there is also evidence for early
forms of bookkeeping in ancient Iran, and early auditing systems by the ancient Egyptians
and Babylonians. By the time of the Emperor Augustus, the Roman government had access to
detailed financial information.
Double-entry bookkeeping developed in medieval Europe, and accounting split into
financial accounting and management accounting with the development of joint-stock
companies. The first work on a double-entry bookkeeping system was published in Italy, by
Luca Pacioli. Accounting began to transition into an organized profession in the nineteenth
century, with local professional bodies in England merging to form the Institute of Chartered
Accountants in England and Wales in 1880.
Both the words accounting and accountancy were in use in Great Britain by the mid-
1800s, and are derived from the words accompting and accountantship used in the 18th
century. In Middle English (used roughly between the 12th and the late 15th century) the verb
"to account" had the form accounten, which was derived from the Old French word aconter,
which is in turn related to the Vulgar Latin word computare, meaning "to reckon". The base
of computare is putare, which "variously meant to prune, to purify, to correct an account,
hence, to count or calculate, as well as to think.
Questions
1. What is the main idea of paragraph one?
2. Where is the evidence for early forms of bookkeeping found?
3. Whom was the first work on a double-entry bookkeeping system published?
4. When did accounting began to transition into an organized profession in England and
Wales?
5. How did the writer explain the verb to account?
6. What happened in Great Britain by the mid-1800s?
V. Construct the right sentence from the jumb;led words in uach number.
1. in Grade 11-learned-The - first time I acounting was -when I-was
2. two years- It will- to complete- take you- course-counting -the
3. sister a accountant public My- to be- wants
4. Risa and Fatimah the report accounting were- preparing-busy-very
5. the accounting set up-did- Why-brother your- firm-?
6. an organization's -the reporting -Financial accounting- financial information-focuses
on-of

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Topic : Introdution to Accounting

I. Match the word in column A with its meaning in B

II. Complete the text with correct word in column A Part I

Accounting can be divided into several fields including financial accounting,

IV. Read the text below carefully to answer the questions.

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