GemStar Productions

Financial Performance
January through November, 2015
Presented by: Simone Santos
 GemStar Productions
Event Management

and

Logistical Support

Positives Trends negatives Trends

balance variance
 Profit & Loss Statement
November 1 through November 6, 2015

Total Income $11,400.00

Total Expenses $6,566.88

Net Income $4,833.12

Revenue - Expenses = Net Income/ Loss (PROFITABILITY)

 Income Statement/ P&L
Balance Variance

Actual Statement Budget

Event Revenue $11,400.00 $600 short $12,000.00

Total Variable
and $6,566.88 $783.12 less $7,350.00
Fixed Costs

Total Net Income $4,833.12 $183.12 more $4,650.00

 Statement of Cash Flows
January 1 through November 8, 2015
Operating Activities $4,653.12

Investing Activities -$13,953.12

Financial Activities $60,000.00

Positive trend: GemStar Productions is

a new company. We invest in to our
company’s future. -$13953.12
reflects depreciated value of company
vehicle. Overall, we have cash and are
generating income.
 Balance Sheet
November 6, 2015

$41,653.33 + $24,833.12 = $66,486.45

Liabilities + Equity = Assets

(VALUE)
 Control Environment

We have created a code of ethics and curated guidelines that uphold quality
standards of practice and intent. I find that this internal control is our most
important because it is a model of what to expect when conducting business
with GemStar.
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ire th
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ffect
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Access
Controls
Passwords are not to be shared.
Change password every 60 days.
Do not write passwords down.
Managers are needed to provide any special entry
access areas.
 Reconciliations

Managers and department

supervisors anticipate
periodic and sporadic
reconciliations of all
account systems.
 Data Backup

Compress and digitize the most vital folders and work

onto zip files and share them to a different hard drive.
 Accounting Review
Chart of Accounts is a list of all the accounts used in the business.

Assets are things that can be converted to cash money or its value.

Liabilities are debts and financial obligations.

(EBITDA) Earnings before interest, taxes, depreciation, and amortization.

Hollywood Accounting an objective method of recording profits and

disbursing royalties.
References:
@Helloquence. (2016, January 30). Grenoble, France.
https://unsplash.com/photos/bDMdzq-uZRo

Olmez, Volkan. (2016, March 13). Istanbul, Turkey.

https://unsplash.com/photos/aG-pvyMsbis

Olivo, Florian. (2018, November 21).

https://unsplash.com/photos/4hbJ-eymZ1o

Kononov, Mike. (2016, December 5). Moscow City Towers, Moskva, Russia
https://unsplash.com/photos/lFv0V3_2H6s