Name : Wardah Mega Urjuwan

NIM : 43219010100
Class : English For Accounting, A-401, 07:30-10:00

FORUM EFA TM10

Why do you need to have a budget when you start a business?
Budgeting is an important cycle to assist business people or executors in planning and realizing
company activities as accountability so that deviations can be minimized. The benefits of
budgeting include, among others, integrated planning, implementation guidelines, coordination
tools, monitoring tools, and evaluation tools.
Therefore, estimating and matching costs to income is important because it helps small business
owners determine if they have enough money to cover operating costs, expand the business and
generate a profit for the owner.

QUIZ EFA TM10

Dialogs:
Meysa as managing director
Mega as a financial manager
Alex, Dirga, and Indri as employees

Indri : Good Afternoon (Productive, Innovative, Successful). On this occasion we held a

meeting which will discuss sales issues during the last 3 months that have decreased.

Henceforth, the Managing Director to open this meeting.

Meysa : Good afternoon. Thank you for attending this meeting. All right, let's start this

meeting. First of all I want to hear the sales report for the last 3 months.
Mega : Ok, I will report the sales results for the last 3 months, market demand has decreased

by 40%, because in the last 3 months all businesses are facing a very difficult

situation. Therefore, the decrease in consumer consumption results in a decrease in

sales results and a small profit. We have tried our best to increase market turnover but

the demand for our products is decreasing day by day.

Meysa: Did I hear you right? How can market turnover decrease so drastically, even though we

have just issued a new product and took the company's cash for this. What could be the

cause?

Mega : The main problem is that our turnover has dropped dramatically due to the lack of

market opportunities and product innovation that are not up to date coupled with very

difficult circumstances in all of these businesses.

Meysa : Thank you for the explanation. In this case, we must take action quickly so that the

sales result will increase immediately.

Mega : How to carry out promotional activities through e-commerce by developing great

national and international potential. At the same time the market can grow very

rapidly. That way Molly Beauty can reach the global market. Do we need to spend

money back for the cost of promoting our new product?

Meysa : Previously, I wanted to know the R / L report, change in equity report, balance sheet,

and financial plan report of our company for the last 3 months?

Mega : (Submitting the report while presenting the results of the report) If cash is taken from

the previous months we can hold a promotion for our new product.

Meysa : After I saw, indeed, if we took from the cash of the previous months, we were able to

finance the promotion for our new product, because this month's profit was below the
 average than usual due to this problem. OK, I agree when taking from the cash of the

previous months. Then besides that, based on the results of these financial reports, I

also want our spending budget to be reduced so that it becomes more efficient and

saves on expenses as well.

Mega : Alright ma'am, we will arrange all the costs required. However, in my opinion, for

the budget for the next year period, it is better to stick to the predetermined budget

because the stipulated budget is neatly structured. In addition, if we reduce the existing

budget it can affect the company's operational activities and can affect the quality of

our company's products and services which can have an impact on future sales levels.

Meysa : Yes, but in the current difficult business condition, it is better if we reduce the

existing budget, especially on expenses that are not really needed and when things

return to normal, the predetermined budget will be reused as usual. And the most

important thing for now is that we get a break even point, which is a condition where

the income of a company is equal to the amount of money it makes.

Mega : Alright ma'am, we will immediately implement it.

Meysa : Okay, this work can be done starting this month. I hope all are responsible for their

respective duties.

Dirga : Ms. Meysa, I have an idea, what if we also work with global investors, because they

already have extensive competence and knowledge of global and local companies.

This partnership enables Nature Beauty to become a cosmetic brand that penetrates the

global market.

Meysa : That's a good idea, I'll suggest to the marketing manager to do a program like that.

Indri : Please Alex conclude the results of the meeting this afternoon.
Alex : The results of the meeting at noon today for promotional costs can be taken from the

cash of the previous months and reduce the budget for efficiency and cost savings. In

addition, it can work with global investors, and to carry out promotional activities

through e-commerce. Thank you

Indri : So many meetings this afternoon. Thank you to the Managing Director and

colleagues who participated in today's meeting.

Meysa : Please go back to each jobdisk and immediately do the task.