Financial accounting

Financial accounting is part of the accounting related to the preparation of financial statements for external parties, such as shareholders, creditors, suppliers, and government. The main principles used in financial accounting is the accounting equation (Assets = Liabilities + Equity). Financial accounting records in relation to any transaction for a company or organization and preparation of periodic reports from these records the results. This report is prepared for the public interest and is usually used to assess the company owner or manager of achievement used as a manager of financial accountability to its shareholders. This is important from a financial accounting of Financial Accounting Standards (SAK) which are the rules that must be used in the measurement and presentation of financial statements for external purposes. Thus, the expected users and compilers of financial reports can be communicated through these financial statements, because they use the same reference of SAK. SAK was began to be applied in Indonesia in 1994, replacing the Accounting Principles prinsi Indonesia in 1984.

Shareholders (in English: shareholder or stockholder), is a person or legal entity which legally has one or more shares in the company. The shareholders are the owners of the company. Companies listed on stock exchanges trying to improve its stock price. The concept of shareholders is a theory that the company only has a responsibility to its shareholders and owners, and should work to their advantage

Shareholders are given special rights depending on the type of stocks, including the right to vote (usually one vote per share owned) in such a selection board of directors, the rights to the distribution of corporate earnings, the right to purchase new shares issued by companies, and the right the company's assets at the time of liquidation of the company. However, shareholders rights to company assets under the company's creditors rights. This means that shareholders typically receive nothing if a company is liquidated after bankruptcy (if the company has more to pay its creditors, the company is not going bankrupt), although a stock may have a price after the bankruptcy if there is a possibility that corporate debt will restructured.

Economics is one social science which studies human activities associated with the production, distribution, exchange, and consumption of goods and services. The term "economy" itself comes from the Greek word οἶκος (Oikos) which means "family, household" and νόμος (nomos), or "rules, regulations, laws," and generally translated as "household rules" or "management household. " While the definition of an economist or an economist is a person using economic concepts and data in the work.