Softskill
Assignment
Member
of Group:
Arie Septian (21210040)
Dhonny Aditya (21210942)
Ferry Maihami (22210755)
Conversation
A
: Arie
D
: Dhonny
F
: Ferry
PT. Elmer is a
company engaged in trading a wide
range of educational games. The
company only sells its products only to a
distributor listed in Indonesia. On May 21, 2013, the board
of directors held a board meeting
to discuss the accounting
policies that will be used by the company.
A
|
:
|
Greetings,
Ladies and Gentlement. I am Arie Septian and I’m your CEO. Thank you for coming today
and our schedule for today’s meeting is to discuss about accounting policy
that our company will use. Okay, Now we will hear the presentation that will
be
explained by our senior Accountant, Mr. Dhonny.
|
D
|
:
|
Good morning
Ladies and Gentlemen. I’m Dhonny and I will explain the overview of our
accounting policy. For the general policy, we will use Accrual basic method and
every month we will make the trial balance. Okay, before I continue the
overview, Any question?
|
F
|
:
|
So, to make
every transaction in the existing journals, what journal will
we
use?
|
D
|
:
|
We will use
special journals and journals memorial to perform any transaction journal.
Special journal
is used to record credit purchases, credit sales, transactions related to
cash disbursements and cash receipts.
While the
memorial journal will be used to record transactions relating to the purchase
returns and sales returns.
|
F
|
:
|
Okay,then.
|
A
|
:
|
So, Mr. Dhonny,
What currency will
we
use?
As you know that
we import our product not only from Indonesian Distributor but also from
Japan and China as well.
|
D
|
:
|
Well, we will
use a
single currency, that is, Rupiah. Because from last period we used Rupiahs as
our currency.
Beside that, most
of our distributor and customer are from Indonesia as well.
|
A
|
:
|
Well, that’s a
great explanation, Mr. Dhonny. Go on.
|
D
|
:
|
Thank you, sir.
Next, for purchasing transaction.
To freight cost
will be borne by the company. Every purchase return transactions will be
calculated by subtracting the value of our debt.
|
F
|
:
|
Anyway, How
about the late fees?
Last period we
used 2% from the price as the late
fee’s policy, right?
|
D
|
:
|
Yes, that’s
right, sir. But, now we will use 1% from the price as our late fee’s policy.
|
F
|
:
|
Great.
|
A
|
:
|
Please, continue your presentation, Mr. Dhonny.
|
D
|
:
|
For the
disbursement transaction, the disbursement more than Rp2000.000,00 we use
queue for the payment and for the disbursement that less than Rp2000.000,00
we use the petty cash for the payment. And we use
a fluctuative
method also.
|
A
|
:
|
Great idea Mr.
Dhonny. Mr. Ferry what do you think about it?
|
F
|
:
|
It’s okay with
me, Sir.
|
A
|
:
|
Let’s move to
our next subject, for sales subject. What are think about this subject? And
what accounting policy you will take for this year?
|
D
|
:
|
For this year,
every sales return transaction will reduce our account receivable account
sir. Sir, for the term condition I have a suggestion for it.
|
A
|
:
|
What is that
Mr. Dhonny?
|
D
|
:
|
Okay then, for
the term this year we will use 2/10, n/30.
|
F
|
:
|
Mr. Dhonny but
last year we used 3/15, n/EOM. And I think that fits our sales.
|
D
|
:
|
No, Mr. Ferry.
When we our company used that policy, we suffered loss because of that
policy. We can’t take any risk Mr. Ferry
|
A
|
:
|
Hmmm I think that
is a good idea, because we got some complains from the stockholder. Because
our profit drops less than the year before.
|
F
|
:
|
Okay sir, I can
take that.
|
A
|
:
|
Okay, today’s
meeting is enough Mr. Dhonny and Mr. Ferry. Our secretary will re-schedule
our next meeting. And you can leave us from now. Thanks for attending this meeting. Until
we meet, Mr. Ferry and Mr. Dhonny.
|
F
|
:
|
Okay, sir.
You’re welcome
|
D
|
:
|
Okay sir ..
‘till we meet again.
|
