CHAPTER 2

ENGLISH VOCABULARY FOR ACCOUNTING

A. LEARNING PURPOSES

During learning purposes, every student has hopefully can earn the goals of learning

purposes, such us:

1. Student has formulated learning process to uses English accounting vocabulary at least

50 words.

2. Student able to classify, function and sample of phrase, word or sentences in agree or

disagree situations.

3. Student can learn and earn how to uses, practices about ordinal and cardinal number

especially for accounting.

B. LEARNING OBJECTIVES

In every meeting, all of student has to focus as long as learning process beginning.

The goal of this learning, all of student capable of know at least 50 words accounting

words or phrases or accounting statement. Not only about accounting vocabulary, student

also capable of classify, function and sample of agree and disagree during learning begins.

Some of accounting is not only about how to make a journal but in basic, they have to

know, learn and earn about how to uses, practice ordinal and cardinal number in

accounting focused.

1 | P a g e

1. Vocabulary for Accounting

During the learning begins, all of student will get new experiences about vocabulary

for accounting. Depend on accounting activities, a lot of vocabulary that student know it

makes rich their English Vocabulary especially in Accounting. In-depth coverage

accounting in English, they will understand what they listen, read or write for make every

accounting activities. Illustrative in learning process has different valuation point in every

student but for the goals if you have as much as possible about the words in English

especially in accounting activities you have better knowledge and fast learning to

understand it well even some of student has same time to learn but they cannot understand

just because they did know the meaning in every words. So that is why make a rich English

vocabulary can make your English skills better. Herein some of English accounting

statement that used in every accounting activities, such us:

a. Accounting : Accounting definition can be said as a form of recording carried out

systematically and comprehensively from every financial transaction related to all

business-based financial activities

b. Accountant : a person who trained to prepare, made and maintain financial records or

report.

c. Account : a record of financial transactions; usually refers to a specific category or

type, such as travel expense account or purchase account.

d. Audit : a careful review of financial records to verify their accuracy.

e. Breakeven point : an often expressed as the number of units in business transaction

that have must be sold to produce revenues exactly equal to expenses. Breakeven
2 | P a g e

 point also can be the amount of revenue from sales which exactly equals number of

expense in business transactions or activities.

f. Credit : an accounting entry level used for a balance sheet activities. Credit usually

for an increase in capital or liabilities, credit can be a reduction in assets in

accounting.

g. Debit : an accounting entry on the left or top of a balance sheet. Usually an increase

in assets or a reduction in liabilities. Every debit has a balancing credit.

h. Ledger : a record of business activities or transactions that kept by an account in

accounting. Journal have an entries transferred to ledgers reported.

i. Risk : the possibility of total loss; inherent in all business transaction, if the high risk,

high return transaction.

j. Journal : a record of chronology financial and business transactions ordered or made

date by date.

Based on the sample of accounting vocabulary and definition, we can understand about

accounting statement. It’s mostly used for the explanation of accounting and financial

report. If we can understand every accounting statement, we can easy to know the report is.

2. Agree and Disagree

During the learning begins, all of student will get new experiences about agree and

disagree statement. In this part, student will learn about definition, classification and the

function of agree and disagree. Agree is the statement that has equality or same perception

for opinion and to say that you will do, accept, or allow something that is suggested or
3 | P a g e

requested by another person in formal or informal forum situation. When you want to

speak using agreement expression it can use to explain every agreement for an opinion and

supported by a fact. Moreover, when you want to be a speaker and talks with some issues in for

example meeting situation, or another activity to the audience. When might be one of the

audiences agrees about that, they can express it with agreement opinion and reason.

In other while of Disagree is the opposite of agree, it’s not only a statement that have

the opposite or to defense own argue in every situation, their opinion might be different but

the purpose actually has equality, idea. In their opinion cannot same with another option or

suggestion activity or perception but have same equality in the point. The expression all of

it can be stated for disagreement with expressed in many words or phrases but not only by

using word ‘disagree’ but also can be using words and phrases contented.

In classification of agree and disagree can use for neutral or strong statement. Both

of it have opinion who got same point on different ways but they have another option for it

which supported a fact to their argument. When you cannot agree or disagree with another

person and you refuse their idea, mostly you can make it better to give other ideas who

everybody can agree to your agreement. Some of classification both of agree and disagree

depend on the situation and the expression used. Every expression both agree and disagree

can be used by the students or who want to reject something, any judgment and opinion in

every formal or informal situation or on group discussion during learning class.

Function of expression agree and disagree to tells any activities, judgment or

opinion who have equality to agree or disagree. Some expression can be neutral or not in

both it caused they think it not supported a fact so they wait and see the fact or reason to
4 | P a g e

decide agree or disagree. Some of participant formal, informal forum, meeting or during

the study activity they quite or silent meanwhile they do not say agree or disagree. The

function of it they in situation in between, it always happens during class activity.

Table 2.1: Agree and Disagree Statement

Agree Statement Disagree Statement

Strong Agreement
I am with you I doubt with that
I strongly agree
I absolutely agree Do you think so?
I quite agree
That’s what I easy
I disagree
I completely agree
thinking

I think so I am in complete you are right, but

agreement
I have a different
You are absolutely right
Of course, yes
opinion with you

This is the sample of English conversation about agree and disagree:

Rose : “It was cool to know he was chosen as leader in our class!”

Marion : “I’m with you. He is so smart, polite and of course he is kind to

everyone”

Rose : “But I really wonder, can he solve the problems in our class? As

you know, many teachers gave up handling it. So sad!”

Marion : “I’m sure he can. Trust me!”

Rose : “Hope so.”

5 | P a g e

3. Ordinal and Cardinal Number

For this meeting on learning activity all of student will learn how to use, practices

about ordinal and cardinal number especially for accounting. Every student has to earn

every ordinal and cardinal number in English. Every accounting has related and correlation

using number. Student when they study about number do not misperception using number.

They have to use number in ordinal or cardinal number. Sometime, they have wrong-used

between ordinal and cardinal number. In this study, they will learn about it so they can

minimize their mistake.

a. Cardinal Numbers

Cardinal is a number that declare about a value number. Usually can use for

addition it can certain numbers for combine as certainly. Cardinal number used for

number activity amount so cardinal can explain about how much was it? The

functions of cardinal number for this learning are to make numbering procedure

working truly and also to make accountant work discipline. Herein some sample of

cardinal number in like the table below:

Table 2.2 : The Example of Cardinal Number

0 zero 6 Six 11 Eleven 20 Twenty

1 One 7 Seven 12 Twelve 40 Forty

2 Two 8 Eight 13 Thirteen 50 Fifty

3 Three 9 Nine 14 Fourteen 80 Eighty

4 Four 10 Ten 15 Fifteen 99 Ninety-nine

6 | P a g e

 5 Five 6 Six 16 Sixteen

Based on those samples, cardinal number called a number that have arrangement

for one point to another highest point. Especially, the number of thousands in every

activity has followed by the word "thousand" in cardinal numbers. So it can make

clearer about the condition from that number in cardinal.

Table 2.3: Another the Example of Cardinal Number

1,000 one thousand

2,000 two thousand

10,000 ten thousand

11,000 eleven thousand

20,000 twenty thousand

21,000 twenty-one thousand

85,000 eighty-five thousand

100,000 one hundred thousand or one lakh(Indian English)

999,000 nine hundred and ninety-nine thousand (British English)

nine hundred ninety-nine thousand (American English)

1,000,000 one million

10,000,000 ten million or one crore (Indian English)

Etc

7 | P a g e

 Some of accounting report has made number by hundred, thousands, hundred-

thousands, million and billion. So for accounting number, all of that numbers

needed. When you have missed number, accounting system is not balance; it’s why

number is very important in accounting.

b. Ordinal Numbers

An ordinal number is a number defining a number position and has leveling such

us first, second etc. Ordinal number refers to a position from one to the other level

position. Herein some sample of ordinal number for make it clear and detail.

Table 2.4: Another the Example of Cardinal Number

1st First 11th Eleventh 70th Seventieth

2nd Second 12th Twelfth 80th Eightieth

3rd Third 13th Thirteenth 90th Ninetieth

4th Fourth 14th Fourteenth 99th Ninety-ninetieth

5th Fifth 15th Fifteenth

6th Sixth 16th Sixteenth

7th Seventh 21st Twenty-first

8th Eighth 43rd Forty-third

9th Ninth 55th Fifty-fifth

10th Tenth 60th Sixtieth

8 | P a g e

 The function of ordinal number is indicating in every position and ordering object.

In accounting, it makes and gives as a sign file or payment or maybe the financial report

or agenda or annual report/meeting. So, they will found easy the file, reporting and all

about the activity routine. It also make arrangement in every different things and in-

order due and status of accounting activities. Another function of ordinal number to

make scale and leveling report, ranking an accounting process or activities.

4. GLOSSARY

1. Earn : Raih

2. Accounting statement : Istilah akuntansi

3. Depend on : Tergantung

4. Coverage : Cakupan

5. Revenues: Pendapatan

6. Refuse : Menolak

7. Polite : Sopan

8. Judgment : Menghakimi

9. Combine : Kombinasi

10. Declare : Mendeklarasikan

11. Arrangement : Susunan

12. Certain : Tertentu

13. Quarter : Perempat

14. Converted : Konversi

9 | P a g e

 15. Followed : Diikuti

5. ASSIGNMENT (EXERCISE)

Every student has to make the blank part is full fill with correct answers about each

definition in accounting statement, good luck!

Vocabularies Definitions

The period of time over which profits are calculated.

Accounting period Normal accounting periods are months, quarters, and

years (fiscal or calendar).

Accounts payable

Assets

Are those assets that can be expected to turn into

cash within a year or less. Current assets include

cash, marketable securities, accounts receivable, and

inventory.

Cannot be quickly turned into cash without

interfering with business operations. Fixed assets

include land, buildings, machinery, equipment,

furniture, and long-term investments.

10 | P a g e

 Balance sheet

Cash flow

A portion of the after-tax profits paid out to the

owners of a business as a return on their investment.

The supply or stock of goods and products that a

company has for sale. A manufacturer may have

three kinds of inventory: raw materials waiting to be

converted into goods, work in process, and finished

goods ready for sale.

Return on investment

(ROI)

Working capital
.

6. BIBLIOGRAPHY

Murphy, Raymond. English Grammar In Use. Press Syndicate of the University of

Cambridge. New York, 1985.

Rizvi, Ashraf. (2005). Effective Technical Communication. India: Tata McGraw-Hill

Publishing Company Limited.

11 | P a g e

 Rizvi, Ashraf. (2010). Communication for Retail Professional. India: Tata McGraw-

Hill Publishing Company Limited.

____________, Accounting Vocabulary, from

http://www.alpineguild.com/glossary_of_important.htm accessed on October

2019

12 | P a g e