Notes & Applications
Monday, 28 October 2013
denotes an assessed application exercise.
denotes relevant basic content for the task, written in red.
Answers are written in purple.
Answer options in bold were the choices my team made, but disagree
WEEK 2: LANGUAGE AND COMMUNICATION PRACTICE
Professionals are often required to write or speak persuasively and informatively, so how language functions
is important to them as well as being aware of the techniques of persuasive discourse and the art of
Theory and concepts
What is accounting?
The purpose of accounting is to identify, record and communicate the economic events of
an organisation to interested users.
Who uses accounting data?
Internal users: Within the organisation management, employee
Marx was born in Germany in 1818 and died in London in 1883. He was a philosopher and political
economist but was known best as a revolutionary communist. Marx along with Friedrich Engels wrote the
Accounts receivable (from sales of goods and services)
Notes receivable (with a promissory note) are SEPARATE
Shown at recoverable amount
- Direct write-off method is bad (still overstates receivables)