SBM ITB, through the entrepreneurship study program, held a guess lecture class by inviting Sondang Mariani Rajagukguk, a senior lecturer in accounting at Maranatha Christian University on Thursday (11/10/2022) at the XIX Freeport Labtek Building SBM ITB. With the theme “The Importance of Financial Statements in Business Planning,” the lecture was attended by students of the 2024 entrepreneurship study program.
Sondang said the financial statement is a report consisting of every important information regarding the company’s financial activities, ranging from transactions, income, losses, changes in capital, and cash flow, to overall financial management. This information is vital in designing business policies because it closely relates to the company’s financial resilience.
In preparing a financial statement, we need to collect data related to the financial flows of a business during the period, which are recorded in a financial journal. The data is inputted into the ledger by determining the trial balance. Next, we can get an overview of the financial statement.
“A good financial statement has reliability, relevance, understandability, and comparability,” said Sondang.
Sondang explained that financial statements are beneficial in all fields. Financial statements are not only used in the government sector for the preparation of APBN reports but also for the banking sector in calculating their financial flows, as well as for investment purposes to see whether the business to be invested in is healthy.
Muhammad Farhan Dzaky Haryanto, one of the students who attended, was happy and said that the lecture was resourceful.
“It is helpful because as a future entrepreneur candidate, this knowledge is useful for every business policy that will be taken and also a consideration in running our future business” said Farhan shortly after the activity.
