September 4, 2014 Principles of Accounting 14: Understand commercial realities

We sometimes get incorrectly billed (equipment, supplies, bank fees, etc), and Accounting department staff are the line of defense against sloppiness of our suppliers. Attention to detail, a questioning approach, accuracy and organisation will minimise this needless loss of money.

Workbook: Download this 5 page (641Kb) PDF. Print in black-and-white, and add notes in the indicated places.

Video

Size: 16.5Mb, 7’03”

Assignment

Review the spreadsheet from Wicked Pictures, our DVD distributor. Be sure to check all tabs of the spreadsheet. To gain a thorough understanding of the DVD Distribution process, what questions would you have for Wicked Pictures? What questions for internal staff who make the DVD masters sent to Wicked for replication?

What can be said about costs and revenue regard DVD Distro over the last 4 years? Are there obvious costs to be reduced / revenues to be increased? Provide analysis, options and recommendations.

Provide your answers to your Trainer.

 

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