Simple Business Business $ $$$$$$. Determining More Detail Some money comes into the business. What are some sources of this? Businesses spend money.

Slides:

Advertisements

Similar presentations

5 minute Online Demonstration. What is the Rental Workbook? Its an easy way to organise your rental property records – like an electronic cashbook. Its.

Advertisements

Ensure Your Business Makes Money for You! You work for your money, so make your money work for you by turning your real estate career into an agent business.

7 ENTREPRENEURSHIP: Starting and Operating a Small Business, 3/e Steve Mariotti and Caroline Glackin UNDERSTANDING AND MANAGING START-UP, FIXED, AND VARIABLE.

Basic Accounting Concepts

M ARKETING M ANAGEMENT 3.04 Manage financial resources to ensure solvency.

Welcome to Financial Series #1 The Income Statement.

Setting the Right Price. “Underpricing is one of the most common mistakes home-based businesses make.” SLIDE 1 Setting the Right Price.

Chapter 9 Pricing Construction Equipment. Objectives Upon completion of this chapter, you will be able to: –Identify the three main equipment categories.

Financial Aspects of a Business Plan

+ Business proposal for CaseIt!. + What goods and services will I provide? I am providing people with personalized smart phone covers. Customers send.

ACC3200 Chapter 2: Job Order Costing Job Order Costing.

Analyzing & Recording Business Transactions

ACCOUNTING CONCEPTS. BASIC CASH FLOW MODEL  REVENUES = PRICE * VOLUME = R  SALVAGE = VALUE OF CAPITAL AT THE END OF THE PROJECT LIFE = S  PROFIT =

Setting the Right Price. Lesson Goals: Learn how to: –Calculate total costs –Calculate a profit margin –Use break-even analysis Identify the difference.

Managing your Assets Easily manage your assets with OpenERP. This module is fully integrated with the financial and analytic accounting modules for a maximum.

What Is an Entrepreneur? “A risk-taker who has the skills and initiative to establish a business.” (Wall Street Words by David L. Scott)

Module 2: Session 5 BUSINESS PLAN: LONG TERM PROJECTIONS Module 5: Session 51.

Section 36.2 Financial Aspects of a Business Plan

Engineering Economy Why is Engineering Economy important? Practical everyday questions –Should you finance your car or pay cash? Finance for $6995 –vs-

2.10 Entrepreneurship I.  A category of expenditure that a business incurs as a result of performing its normal business operations.  Examples include:

Go to the wiki & Save these for later Classifying Accounts Template Preparing the Income Statement Ex 1 Classification Revision Quiz Income Statement Ex.

Author name here for Edited books chapter 11 Finance and Budgeting 11 Finance and Budgeting chapter.

Equipment Costing: What You Don’t Track Can Hurt You (The Devil is in the Details)

Production, Marketing and Administrative costs Manufacturing companies convert materials into finished goods. There are two type of costs involved here:

Exponential Growth & Decay

Apply procedures for preparing corporate financial statements.

Role of Accounting Records 1.Establishing accountability for the assets and or transactions under an individual’s control. 2.Keeping track of routine business.

Introduction to Management Accounting Pia Nylinder

Written by Ruby Ann Sawyer, Brantley County Middle School.

The True Cost of Ownership What kind of car should you buy?

Business Transactions and The Accounting Equation

Prepared By: I & S Tax Service LLC. Gross Receipts and Sales (Total income for this tax year) Returns & Allowances (Refunds to customers) Beginning Inventory.

6.3 Your Budget Worksheet. Section 6.3 Your Budget Worksheet  Goals: Identify steps you should take to create a budget worksheet. Explain common problems.

© 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.

Indirect Operating Costs. Shared Expenses Can the MFU cover its overhead costs?

2.10 Entrepreneurship I.  A category of expenditure that a business incurs as a result of performing its normal business operations.  Examples include:

Lesson 5 Marketing the Landscape Business. Next Generation Science/Common Core Standards Addressed! CCSS. Math. Content.7.RP.A.3 Use proportional relationships.

Module 14 Cost Behavior, Activity Analysis, and Cost Estimation.

Business management is frequently faced with making decisions about price. How will I set prices? What should pricing accomplish? What about “loss-leaders”?

Slide 1 The Structure of Organisations & Finance.

CORNERSTONES of Managerial Accounting, 5e © 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part,

Sales Budget An estimate of expected sales for the budget period. Canilao Company Sales Budget For the Year Ending December 31, 2003 Expected unit sales.

Lesson 8 Pricing the Landscape Plan. Next Generation Science/Common Cores Standards Addressed! n CCSS.Math.Content.7.R P.A.3 Use proportional relationships.

Eco 8/1 Starting a Business. Entrepreneur  Someone who starts a business- takes risk. -Profit incentive -Be their own boss.

BUSINESS ACCOUNTING. The purpose of accounting is to help you make better financial decisions.

@ 2012, Cengage Learning Differential Analysis, Product Pricing, and Activity-Based Costing LO 1b – Leasing/Selling Equipment and Discontinuation of Segment.

The Income Statement Lecture 1

Objective 4.01 Understanding Financial Management. 1.

The Budget Learn how to generate income for intramural programs. Learn how to control expenses for intramural programs. Learn how to use computer spreadsheets.

GOALS BUSINESS MATH© Thomson/South-WesternLesson 11.1Slide Manufacturing Costs Calculate prime cost and total manufacturing costs Distribute factory.

 Cost of Sales – How much it costs the company to make or buy goods.  Gross profit – profits made before paying bills  Net Profit – profits made after.

Construction Accounting & Financial Management, 3/e Steven Peterson © 2013 by Pearson Higher Education, Inc Upper Saddle River, New Jersey All Rights.

DIRECT MATERIAL + DIRECT LABOUR + DIRECT EXPENSES = PRIME COST.

Overhead Allocation Melissa Wood Choosing a Method Using Actual Burden Using Actual Burden with Extra Burden General Ledger Method Job Costing Method.

Unit 3.5 Final Accounts. Financial Statements ▫Profit and Loss account ▫Balance sheet ▫Cash Flow statement Financial Accounting Management Accounting.

Finance Citi Funded Entrepreneurship Training Program UNIVERSITY OF DUBAI Dr. Zahi Yaseen.

Financial Management. Purpose of Financial Reports Financial Reports – Summarize financial data over a given period of time (shows if the company made.

Budgeting Is the allocation of monetary funds based on a determined structure What does this mean?

Job-Order Costing: A Microsoft Excel-Based Approach

4.04 Statement of Cash Flows

Equipment Costs and Sources of EQUIPMENT COST

Introduction to Management Accounting

Income Statement Farwell Company has the following information available from its most recent fiscal year. Use the relevant information to determine the.

Cornerstones of Managerial Accounting, 6e

Financial Statements.

درس تطبيقي مادة التربية الفنية للصف الرابع الابتدائي

Manufacturing Overhead

Шаттық шеңбері.

Business Financial Statements

Managing Finances: Income Statement (P+L)

Presentation transcript:

Simple Business Business $ $$$$$$

Determining More Detail Some money comes into the business. What are some sources of this? Businesses spend money. What do they spend it on?

Some More Detail Business $ $$$$$$ supplier $ laborer $ materialswork $$$ investments

Some examples of income Investments Loans Depreciation (tax refund or decrease)

Some examples of expenses Materials Labor Equipment Maintenance Equipment Rentals Insurance Licenses Advertising

Understanding Company Performance Are we making any money? Are we making enough money to live off of? Are changes we made recently helping or hurting our performance?

Tracking Performance What should we use as units of measurement for company performance?

Tracking Performance What should we use as units of measurement for company performance? MONEY!

Where MS Office Comes In Generate a business plan and division of labor with PowerPoint. Generate business cards/stationery/logo with Word. Analyze overhead and perform estimates with Microsoft Excel. Play ‘what if?’ Generate forms (e.g. Invoices) with Word. Generate company documentation with Word. Create a simple website with Word.