presentation

1. REPORTING TO MANAGEMENT
ASSIGNMENT 4
BUSINESS ACCOUNTING
COURSE
DIAZ-CALES, GERARDO E.
Hi, My name is Gerardo Diaz, I am the Assistant Production
Accountant for Gemstar Productions.
Today, I am going to present the Management Report. Using data
from Quickbooks.
But lets start with some background:
The company is Gemstar Productions is an event management
company that provides logistical support for smaller events in the
Central Florida area. Past clients include the Zellwood Corn festival
as well as the Zora Neale Hurston festival.
Our company had been in business for over a year now and this
report is the result of our structural quickbooks implementation.

2. BALANCE SHEET
GEMSTAR CORPORATION
• Cash
• Supply Inventory
• Current Assets
• Depreciation
• Vehicles
• A/P
• Total Liabilities
• Common Stock
• Net Income
• Total Equity and Equities
This is the current balance sheet as of
March 15,2019.
But what does it represent,
We have available fifty thousand
seven hundred in cash. This amount
has been possible due to issue
common stock in exchange for cash
to the president of the company,
revenue, and a cash loan liability of
forty thousand dollars.
Next:
We have the five hundred marked as
deposit to vendor, this amount comes
from a Deposit for an event made
from Sound Stage One.
Supply Inventory Purchase for two
thousand dollars, and now shown as
One thousand three hundred and
thirty three dollars. This is due to 1/3
of the supplies have been used.
There is two hundred ninety six
dollars, with eighty seven cents of
depreciation of a fourteen hundred,
two hundred and fifty.
This is all added as assets to
concluded sixty six thousand, fourth
hundred and eighty six dollars with
forty six cents.
The A/P Is for the staring company
loan of Forty thousand dollars, with a
monthly payment of one thousand
two hundred dollars. As well as two
hundred and twenty dollars. There is
interest of two hundred a thirty three
dollars, with thirty three cents of
interest acquire from the loan.
All added as Current liabilities for one
thousand six hundred and fifty three
dollars.

3. PROFIT AND LOSS STATEMENT
GEMSTAR CORPORATION
• Event Revenue
• Total Expense
• Net Income
The profit and loss statement is a
financial statement that summarizes
the revenues, costs and expenses.
We have had an event revenue of
eleven thousands four hundred
dollars.
We had had six thousand five hundred
and sixty six dollars with eighty seven
cents.
Above is the generated revenue of
four thousand eight hundred and
thirty three dollars with thirteen cents.

4. BUDGET VS ACTUAL STATEMENT
GEMSTAR CORPORATION
• Actual
• Budget
• Over Budget
Budget-To-Actual Report. This report
shows the difference between your
budgeted purchases and actual asset
purchases. It also separately lists
categories to which you have added
assets during the period, but for
which you have not allocated a
budget amount.

5. STATEMENT OF CASH FLOWS
GEMSTAR CORPORATION
• Operating Activities
• Financing Activities
• Cash at the end of period.
The Statement of Cash Flows lets you
know how your business is doing by
showing you the amount of cash that
flows Ito your business, and the
amount that flows out within a
specific period.

6. INTERNAL CONTROLS
• Reconciliation
• Responsibilities
• Approvals
• Disbursement Policies
• Audit Trail
1.Reconciling the bank account by
comparing your bank statement to the
General Ledger accounts ensures the
account is in balance for the
reconciliation period.
2. Responsibility-responsibilities such
as a person who is responsible for
sending account statements to
customers each month
3. Approvals processes such as CFO
approval of major sales deals looking
at factors such as gross margins.
4. Validation of disbursements such
as checking that each payroll
payment is to a bona fide employee.
To keep control of our assets and
avoid fraud.
5. Audit trails are created and retained
for events such as approvals, financial
transactions and updates to financial
documents.

7. LEARN CONCEPTS
Accounts Receivable (AR)
Balance Sheet (BS) <Assets=Liabilities + Equity>
Gross Margin (GM)
1. Accounts Receivable include all of
the revenue (sales) that a company
has provided but has not yet
collected payment on. This
account is on the Balance Sheet,
recorded as an asset that will likely
convert to cash in the short-term.
2. A financial statement that reports
on all of a company’s assets,
liabilities, and equity. As suggested by
its name, a balance sheet abides by
the equation <Assets = Liabilities +
Equity>.
3. Gross Margin is a percentage
calculated by taking Gross Profit and
dividing by Revenue for the same
period. It represents the profitability of
a company after deducting the Cost
of Goods Sold.