No_Fee Blog

1. Accounting is a specialized collecting, recording, classifying, summarizing, interpreting, and reporting financial information of a business.
2. Accountant is a specialist in the field of accounting.
3. Public Accountant is an accountant who provides accounting services such as auditing, and tax computation to companies and individuals an receive fee for business.
4. Governmental Accountant is accountants who work with government agencies or bureaus.
5. Private Accountant is accountant who works with Profit Company.
6. CPA (Certified Public Accountant)
7. Balance Sheet is a financial state of company on particular time.
8. Income Statement is financial statement that shows financial performances of a company over a period of time.
9. Assets are an anything of value own by company.
10. Current Assets is a assets that easily to change to money.
11. Fixed asset are assets that are takes time to be changed into money such as properties, building, machinery, equipment
12. Liabilities are debts own by a company
13. Current liabilities are debts that must paid soon, such as account payable, income taxes payable
14. Fixed liabilities are debts can be repair over a longer period of time
15. Book keeper is a specialist in recording and maintaining a ledger
16. International trade is trade with foreign countries
17. multinational cooperation is a company which is primarily based one country and has production and marketing activities in foreign countries
18. Subsidiary is a company which more than 50% of its shares/ stocks belong to the parent company
19. Capital is money that us used to start and continue operating of business
20. Accounting equation is assets equal liability plus owner equity
21. Theory of absolute advantage a nation ought to specialize in the goods that it can produce more efficiently than competitor or in the goods that no other nation can produce
22. Theory of comparative advantage a nation ought to concentrate to produce in the goods most efficiently and profitably
23. Marketing is the movement of goods and services that satisfy the customer and achieve to companies objective
24. Price leaders are producers who establish the market price
25. Profit is money that remind of expenses
26. primary goal of doing a business are paid to create an economic surplus
27. Common channel of distribution is manufacturer → whole seller → retailer → customer
28. Marketing mix is combination of product, price, placement, promotion
29. Promotion is communication about the product that take place between buyers and sellers
30. Stock Broker in between business in the stock exchange