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.