Conversation

Softskill Assignment
Member of Group:
            Arie Septian            (21210040)
            Dhony Aditya       (21210942)
            Ferry Maihami        (22210755)
 
Conversation
A : Arie
D : Dhony
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. Dhony, 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. Dhony. 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. Dhony.
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. Dhony. 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. Dhony?
D
:
Okay then, for the term this year we will use 2/10, n/30.
F
:
Mr. Dhony 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. Dhony 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. Dhony.
F
:
Okay, sir. You’re welcome
D
:
Okay sir .. ‘till we meet again.
 
 
 

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