Arabic Literature Students Explore Business Financial Management, from Revenue to Financial Statements
Berita (inggris)Student Activity Wednesday, 4 November 2026
YOGYAKARTA – In the business world, entrepreneurs are expected not only to develop their leadership and business management skills but also to understand financial management. A business’s financial health depends on its cash flow and how its finances are managed. This was in line with the topic discussed during a lecture on Monday, October 19, 2026, entitled “Financial Management in Entrepreneurship.” The session featured Diyah Wikan Rakhmatika, S.S., M.A., a 2009 graduate of Arabic Literature at Universitas Gadjah Mada (UGM), a lecturer in Islamic Economics at Universitas Darussalam Ciamis, and the Finance and Accounting Manager at JATRA Design Studio.
During the session, Diyah explained three key topics: the difference between revenue and net profit, types of expenses, and types of financial statements. In discussing revenue, Diyah emphasized, “Margin is not profit.” She explained that many people often assume that high revenue automatically means a high profit margin. In fact, revenue refers to the total income generated from sales, while profit is calculated after deducting the cost of goods sold (COGS) and operating expenses, which include fixed costs and variable costs. Therefore, high revenue does not necessarily translate into high profits, as businesses also incur operating expenses beyond the cost of producing their goods.
Diyah also highlighted four key aspects that entrepreneurs need to pay attention to: separating personal and business finances, strengthening branding and building trust, avoiding consumer debt, and understanding the difference between revenue and profit.
Furthermore, Diyah emphasized the importance of understanding the three types of financial statements used in business. For beginners, she recommended learning about cash flow statements and income statements first before moving on to the more complex balance sheet. At the end of the session, she reiterated the importance of understanding these two statements to assess a business’s financial health. Ultimately, business management skills need to be complemented by sound financial management skills.
Author : Hashifa Zara Ahfiyani
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