COMPREHENSIVE FINANCIAL

PERFORMANCE STRATEGY
From Value Chain Analysis to Sustainable Financial
Improvement

1 Dr.Partogian Sormin,Ak.,MM.,CA. CPMA.

Jakarta, 13-15 Oktober 2020

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

2 TOPICS OF TRAINING

1. Value chain analysis and Company Goal

2. Financial Accounting Process
3. Cash flow analysis : flows, problems, and improvement strategies
4. Working capital management, problem and improvement
5. Comprehensive Financial Performance Analysis and Strategy
6. Strategy in in improving of financial performance
7. Case and analysis in Indonesia public companies

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

 PART 1
VALUE CHAIN AND COMPANY GOAL
1. What : Value chain.
2. What : Company goal
“Value chain adalah seluruh aktivitas perusahaan untuk
menghasilkan produk hingga di tangan pelanggan. Hal ini
mencakup kegiatan design, production, marketing, distribution
dan support hingga konsumen akhir

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 Strategic Position
4
 Determined by Firm’s Business-Level Strategy
 Two primary competitive levers:
 Value (V)
 Cost (C)

 Economic Value Created: (V-C)

 The greater (V-C) = Competitive Advantage

 Strategic Position Based on:

 Value creation
 Cost

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

 The Value Chain
5

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

 COMPANY GOAL :
6 VALUE CREATION

Value Creation merupakan kegiatan inti yang

dilakukan oleh semua organisasi

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

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COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

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COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

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COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

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COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

 Company Goal
1. Financial & Non Financial
2. Tangible & Intangible
3. Long Term & Intangible

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020 11

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020 12
13 PROFIT

1. COST
2. Profit
3. Price  Sale

ROA = NI/Sales x Sales/Total Asset

= Marginal Income x Asset Turnover

COMPREHENSIVE FINANCIAL PERFORMANCE STRATEGY 10/13/2020

 Part 2
Financial Accounting Process

• Pokok Pemikiran :
• 1. Akuntansi merupakan sistem informasi berdasarkan mana
pihak yang berkepentingan dapat mengambil keputusan.
• 2. Proses kerja dari bukti transaksi bisnis hingga laporan
keuangan
• 3. Informasi keuangan membantu dalam semua fungsi
planning, organizing, actuating, dan controlling (POAC).
• 4. Untuk mengelola bisnis yang mengintegrasikan semua
fungsi dengan baik dan semua arus dana wajib dikendalikan
dengan efektif dan efisien.
• 5. Proses akuntansi diringkas dalam part 2 ini. Silahkan
diperlajari

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 FLOW OF FUND AND ACCOUNTING
Sumber
ekonomi yg
EQUATION Sources of
Fund
dimiliki
perusahaan

Assets = Liabilities
Liabilities++ Equity
Equity

Owner _ Owner _ Expenses

Capital Withdrawals + Revenues

Owner's
Equity

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 ACCOUNTING EQUATION

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FINANCIAL STATEMENT AND BUSINESS ACTIVITIES

Planning
Investing Financing
Current: Operating Current:
• Cash • Notes Payable
• Sales Accounts Payable
• Accounts Receivable • Cost of Goods Sold
•

• Inventories • Salaries Payable

• Selling Expense
• Marketable Securities • Income Tax Payable
• Administrative Expense
Noncurrent: Noncurrent:
• Interest Expense

• Land, Buildings, & • Income Tax Expense

• Bonds Payable
Equipment • Common Stock
• Patents • Retained Earnings
Net Income
• Investments

Liabilities & Equity

Income statement
Assets Cash Flow Balance Sheet

Balance Sheet Statement of Statement of

Cash Flows Shareholders’ Equity
17
 Resource flows for a manufacturing firm

Used in

Accrued Accrued Fixed

Used in Direct Operating
Production Labour
Process and
expenses GOAL:
materials Used to Sustainable
Working purchase
Generates Capital Value Creation
cycle Cash and
Inventory Marketable
Securities Used to
Collection purchase
Via Sales Generator process
Fixed
External Financing Assets
Return on Capital
Accounts
receivable
Suppliers
Of Capital

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 Assets
Cash
Accounts Notes
Receivable Receivable
Resources
owned or
Vehicles controlled
by a Land
company

Store Buildings
Supplies
Equipment

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 Liabilities
Accounts Notes
Payable Payable

Creditors’
claims on
assets
Taxes Wages
Payable Payable

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 Equity
Owner
Investme
nts

CAPITAL

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 Financial Statements

1. Income Statement
2. Statement of Owner’s Equity
3. Statement of financial
position
4. Statement of Cash Flows

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 Income Statement

Net income is the difference between Revenues

and Expenses.
Income Statement describes a company’s
revenue and expenses along with the resulting
net income or loss over a period of time due to
earnings activities
.

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 Rudy Iskandar Company
Income Statement
For Month Ended December 31,2019

Revenue :
Consulting service $ 3,000
Expenses :
Salaries expenses 800
Net Income $2,200
=====

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 Rudy Iskandar Company
Statement of Owner’s Equity
For Month Ended December 31,2019

Capital, December 1,2019 $-

Plus : Investment by owner 20,000
Net income 2,200
22,200
Less : Withdrawal by owner 500
Capital, December 31,2019 $ 21,700
=====
The net income of $ 2,200 increases Owner’s Equity by
$2,200

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 Rudy Iskandar Company
Statement of Financial Position
December 31,2019

Asset Liabilities and Equity

Cash $ 9,700 Account payable $ 1,200

Supplies 1,200 Notes payable 4,000
Equipment Total liabilities 5,200
16,000 Owner capital 21,700

Total liabilities
Total Asset $ 26,900 and equity 26,900

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 Rudy Iskandar Company
Statement of Cash Flows
For Month Ended December 31, 2019
1.Cash flow from operating activities :
Cash received from clients $3,000
Purchase of supplies (1,000)
Cash paid to employees (800)
Net cash provided by operating activities $ 1,200
2. Cash flow from investing activities:
Purchase of equipment (15,000)
Net cash used in investing activities (15,000)
3.Cash flow from financing activities:
Investment by owner $ 20,000
Borrowed at bank 4,000
Withdrawal by owner (500)
Net cash provided by financing activities 22,500
Net increase in cash $9,700
Cash balance, December 1, 2007
-
Cash balance, December 31, 2007 $ 9,700

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 CONTOH 2 LAPORAN KEUANGAN

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LO 10
LO 10
LO 10
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 LATIHAN DAN DISKUSI

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 Latihan 1

Untuk setiap item berikut, tunjukkan masuk ke kategori

elemen financial statementnya:
a. Retained earning.
b. Sales.
c. Total increase in net assets from nonowner sources
d. Inventory.
e. Depreciation.
f. Loss on sale of equipment.
g. Loss on sale of equipment
h. Interest payable
i. Dividends
j. Gain on sales of investment
k. Issuance of common stock.

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 Latihan 2 : Jurnal
(dalam ribuan rupiah)

1. Investasi pemilik pada perusahaan Rp.15.000

2. Pembelian equipment secara tunai Rp.7.000
3. Dibeli supplies secara kredit Rp.1.600
4. Penerimaan dari jasa (service) Rp.1.200
5. Pembayaran iklan secara tunai Rp. 250
6. Jasa yang diberi secara tunai dan kredit masing-masing Rp.1.500 dan Rp.2.000
7. Pembayaran beban Rp.1.700 (rent expense Rp.600; salaries Rp.900 dan utilities
expenses Rp.200 ).
8. Pembayaran account payable Rp.250
9. Penerimaan kas dari account Rp.600
10. Diambil kas oleh pemilik Rp.1.300
Ditanya : 1. Buat jurnal transaksi
2. Buat income statement, statement of equity, dan statement of financial
position.

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 Latihan 3 : Accounting Equation

Dari persamaan akuntansi berikut ini., isi angka yang hilang

(angka dalam jutaa rupiah)
Assets = Liabilities Owners’ Equity
a. Rp.80.000 Rp.50.000 Rp. ?
b. 115.000 ? Rp.70.000
c. Rp.? 32.000 Rp.62.000

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 Latihan 4 : Analisis Item Financial Statement
Ikhtisar balance sheet dan income statement oil company OILINDO dan ENERGY STAR
tahun 2018 (dalam Rp.1.000.000). Ditanya : tentukan jumlah yang hilang dari data berikut
ini
OIL INDO ENERGY STAR
Awal tahun:
Total asset Rp.194.000 Rp.258.000
Total liabilities 160.000 (c )
Total owner’s equity (a) 95.000
Akhir tahun :
Total assets Rp. 320.000 Rp.360.000
Total liabilities 240.000 100.000
Total owner’s equity 80.000 260.000
Perubahan dalam owner’s equity :
Additional investment Rp. (b) Rp. 150.000
Drawing 48.000 ( d)
Total revenue 430.000 200.000
Total expenses 350.000 170.000

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