CURRENCY EXCHANGE BUSINESS

This weekend, Composite Stock Price Index (CSPI) and the rupiah to move in the direction. Monday, 31 January 2011 and then, stock index fell 1.21% to 2539.03. While the rupiah, to the exchange rate of Bank Indonesia, also minus 0.15% to Rp 9335 per U.S. dollar. During the week, JCI declined 0.21%, while the rupiah rose 0.25%.

The market had been anticipating economic data due out early in January 2011. From United States, will be released the data rate of labor. I predict next week, JCI will move up

The dominance of the U.S. dollar also affected by the economic slump in the European region, especially problems in some currency exchange company or an online transaction currency problems in the United States with the lid for a while 14 companies. U.S. dollar tends to strengthen against all world currencies, especially euros and pounds. This step involved holding dollars. In fact, the U.S. dollar index is still strong at 80.89 levels up to 133. This is the highest figure in six months.

Even so, investor sentiment is not too worried. Because, the central bank has consistently keeping the rupiah in the range of Rp 9,100 per U.S. dollar. Moreover, sentiment in the early months of the rupiah will usually be stronger, next week, projecting rupiah will play in the figure Rp 9,200 - Rp 9375 per U.S. dollar.

BSDE stock price declined 22% in trades to Rp 610 per share. BSDE share price fell due to speculation of the release of shares at a price below market price, Ciptadana Securities analyst, as quoted by Bloomberg. Indeed among market rumors that the controller BSDE, namely the Sinar Mas Group, sold their shares to strategic investors through a private placement pattern. But, management BSDE pleaded not aware of any such transaction. The Company does not know anything, that authority shareholders.

Business of mining and heavy equipment, namely PT United Tractors Tbk (UNTR) managed to get a net profit of Rp 3.8 trillion. Means, increased 43% from 2008. Cantilever UNTR performance is increased coal sales by 15%. As if not want to miss, PT Astra Graphia Tbk (ASGR) also managed to get a net profit growth of 7% to USD 67 billion.


Affecting the decline in market economy rating scale is:

Assessment of trade receivables
Assessment of accounts receivable related to the determination of the amount due, time collection and uncertainty associated with the collection. Theoretically receivables are measured at an amount equal to the present value of expected cash can be collected or collectible.

This assessment, reflecting the economic reality that money has time value, therefore the company earn interest for the time waiting for uncollectible accounts. Total interest is the difference between maturity value and the value of receivables sekarangnya (present value).

In practice, accountants often ignore the interest income for the short-term receivables because the amount is not material.

Determination of the amount of accounts receivable has several factors that affect the recording of the trade receivables, ie quantity discounts (trade discounts), discounted cash (cash discount), shipping cost, sales returns, and the uncertainty of collecting piutang.di Below are some explanations

Quantity discounts
is a form of relief payments given the seller to the buyer because the purchase quantity has reached such waivers ditentukan.jumlah deducted from the price list, to determine net selling price, ie the selling price according to price list less discount tertentu.dalam practices quantity discounts can be a single rebate (single rate) or double rebates or rebate series (double rate).

cash discount
is a form of relief payments given to the buyer because the sale of qualified buyers who have been determined. Terms of the sale regarding the duration and period pieces, and are usually written as 2 / 10, n / 3; means if the buyer should pay the loan within a period of 10 days (period pieces), then he will get cash discount of 2%, and duration repayment of debt is 30 days.


Sales returns
sometimes the seller delivered goods not in accordance with orders from buyers, or perhaps the goods are damaged in transit, so that the goods are sent back by the buyer. The return of the purchased goods to the seller called the sales return. The return of goods that have been purchased are recorded in the accounts returns and waivers of sales. Sales returns is an account of an assessment of the sales revenue account.

Kos delivery
Kos freight sales can be a significant part of the buyer. The agreement between the buyer and the sale also involves the determination of shipping requirements that are specifically ditujukkan terms with free on board (FOB). FOB Term used to indicate which party will bear the cost of shipping goods.
There are two requirements that the terms FOB shipping point (FOB shipping point), and condition the receipt point (FOB destination). If delivery requirements are the point of acceptance, then the freight charges to be borne by the seller. In practice in general, shipping costs borne by the buyer or other agreements occur.

While the trade market menejement good according to some economic experts and observers sebagiai follows:
Strategic Management aadalah help to assist organizations in identifying what is to be achieved, and how they achieve results of value (Michael A. Hitt and Duane Ireland). Strategic management is a series of managerial decisions and actions that determine the company's performance in the long term that includes observation of an environment, strategy formulation, implementation, and evaluation (Hunger & Wheelen)


Four models of strategic management.
Observation of the environment consists of the external environment such as variable-organisasidan variabelyng outside there in the short-term control, such as work and social environment that makes organizational life. Internal environments composed variables such as strength weakness in the organization concerned denagn structure and system in it


Formulation of the strategy is the development of long-term plan for effective management of the opportunity and threat environments, seen from the strengths and weaknesses of the company, such as the mission is the reason why the organization defines the basic purpose of life and unique as a differentiator, and purpose that is the end result of Achor activities, and strategies that formulation of a comprehensive plan for how to achieve the mission and objectives, and policies as a provider of broad guidelines for decision-making organization


Implementation is the process whereby management strategy to realize the strategy and policy into action through the development of programs, budgets, and procedures


Evaluation and control is the process through which the company activities and performance results are monitored and the actual performance compared to the desired performance denagn


Understanding corporate strategy, business strategy and functional strategy
Corporate strategy is a depiction of the company's overall direction of the company's general attitude towards the growth and management of various businesses and product lines to achieve a balance portfolio of goods and services


Business strategy is the development at the level of division, and the emphasis on improving product persainagn goods and services companies in specific industries and market segments

Functional strategy is the emphasis on maximizing the productivity of resources, and in dalmnya develop strategies to gather together samaberbagai activities and their competence in order to improve performance


Definition of SWOT analysis
SWOT is the acronym of strength, weakness, opportunities, and threats which means strength, weaknesses, opportunities, and threats of a SWOT analysis should mengidewntifikasi competence is a rare company specific expertise and resources owned by a company in unggulyang they use and the strategic capability create a different company



Strategies appropriate to the business and the business in which we live.

Value chain analysis is a model used to help analyze the specific activities that can create value and competitive advantage for an organization that consists of the primary activities (inbound & outbound logistics, operations and sales) and support activities.


The difference between business-level strategies and corporate-level strategies are the focus more on business strategy bertakan at divisional levels to improve the competition position of goods and services that are more specialized and market segmentation as well as increased profits and sales generated, whereas if the corporation is more portrayal direction of the company company's overall attitude toward growth ririskiky general to achieve a balance portfolio of goods and services.


The Company determines the choice of strategy by way of consideration when evaluating the results of this work and then test the mission, goals, strategies, policies, and strategic management review the top level after observing the external and internal environment, such as structural, cultural, social, etc., followed by a SWOT analysis as opportunities threats , strengths and weaknesses are adjusted to current conditions, after which visits the mission and goals in order to generate and evaluate alternatives, and selected the best and then implemented into the evaluation.


A mission should be market oriented so that the mission is clear and easy to understand but its function is unique, and also note the product or technology-oriented is described not described an instrument or product is obtained but at the end and purpose of it all.

The role of board of directors in the formulation of strategy is to evaluate current performance testing accompanied the mission, objectives and strategies and policy and then negotiated with the CEO who observe the external and internal environment and then analyze the SWOT according to current conditions and if necessary revise the mission and goals