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The Resource Accounting and finance clips : costs and profit

Accounting and finance clips : costs and profit

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Summary
v. 1. Vital to commercial success is how well businesses control their costs. These come in two basic types: direct and indirect. But in the real world classifying costs is rarely clear-cut. Manufacturer Blakeway Ltd divides its company up into cost and profit centres to help it monitor how different parts of its business are performing financially. But there's disagreement inside the company about how to act on the figures. --v. 2. Acme Whistles in Birmingham has been manufacturing products for 130 years. Much has changed at Acme in that time - but covering its costs, both fixed and variable, remains a priority. Making sales doesn't mean cash in hand. They have to wait to be paid and they need money to keep going in the meantime - working capital. There are hidden costs, too - such as depreciation. --v. 3. Successful businesses devote themselves to making profit - but what is profit and how do you calculate it? Why is working out the cost of sales so important and what's meant by matching? What's the difference between gross profit, operating profit and the "bottom line"? This clip clearly explains the calculations and why they're relevant to business. --v. 4. How does a business decide what to do with its profit? Harry and Bee Payne, owners of small computer company Logical Friends, plough their profits back into the business. But Blakeway Ltd, a much bigger operation, has to give part of its profits to its outside shareholders as a return on their investment. Is this in the long-term interests of the business? And what about profit quality? Was Logical Friends' decision to invest its money in houses a good idea?
Language
eng
Work
Publication
Extent
4 online resources (4 video files)
Contents
  • v. 1. Costs: an introduction. --v. 2. Costs & working capital at Acme Whistles. --v. 3. Profit: what is it? --v. 4. Profits: how do we use them?
Link
Instance
Label
Accounting and finance clips : costs and profit
Title
Accounting and finance clips
Title remainder
costs and profit
Title variation
Costs and profit
Contributor
Subject
Genre
Language
eng
Summary
v. 1. Vital to commercial success is how well businesses control their costs. These come in two basic types: direct and indirect. But in the real world classifying costs is rarely clear-cut. Manufacturer Blakeway Ltd divides its company up into cost and profit centres to help it monitor how different parts of its business are performing financially. But there's disagreement inside the company about how to act on the figures. --v. 2. Acme Whistles in Birmingham has been manufacturing products for 130 years. Much has changed at Acme in that time - but covering its costs, both fixed and variable, remains a priority. Making sales doesn't mean cash in hand. They have to wait to be paid and they need money to keep going in the meantime - working capital. There are hidden costs, too - such as depreciation. --v. 3. Successful businesses devote themselves to making profit - but what is profit and how do you calculate it? Why is working out the cost of sales so important and what's meant by matching? What's the difference between gross profit, operating profit and the "bottom line"? This clip clearly explains the calculations and why they're relevant to business. --v. 4. How does a business decide what to do with its profit? Harry and Bee Payne, owners of small computer company Logical Friends, plough their profits back into the business. But Blakeway Ltd, a much bigger operation, has to give part of its profits to its outside shareholders as a return on their investment. Is this in the long-term interests of the business? And what about profit quality? Was Logical Friends' decision to invest its money in houses a good idea?
Member of
Cataloging source
NZEN
Characteristic
videorecording
Date time place
Originally produced by TV Choice in 2011
http://library.link/vocab/relatedWorkOrContributorName
Kanopy (Firm)
Runtime
28
Series statement
Accounting and finance clips
Series volume
6
http://library.link/vocab/subjectName
  • Small business
  • Cash flow
  • Small business
  • Corporate profits
  • Profit
Technique
live action
Label
Accounting and finance clips : costs and profit
Link
Instantiates
Publication
Antecedent source
unknown
Carrier category
online resource
Carrier MARC source
rdacarrier
Configuration of playback channels
unknown
Content category
two-dimensional moving image
Content type MARC source
rdacontent
Contents
v. 1. Costs: an introduction. --v. 2. Costs & working capital at Acme Whistles. --v. 3. Profit: what is it? --v. 4. Profits: how do we use them?
Dimensions
unknown
Extent
4 online resources (4 video files)
File format
unknown
Form of item
online
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Medium for sound
other
Other physical details
digital, stereo., sound, color.
Publisher number
1066455
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
sound
Sound on medium or separate
sound on medium
Specific material designation
  • other
  • remote
System control number
  • (OCoLC)897768483
  • (CaSfKAN)kan1066455
System details
Mode of access: World Wide Web
Video recording format
other
Label
Accounting and finance clips : costs and profit
Link
Publication
Antecedent source
unknown
Carrier category
online resource
Carrier MARC source
rdacarrier
Configuration of playback channels
unknown
Content category
two-dimensional moving image
Content type MARC source
rdacontent
Contents
v. 1. Costs: an introduction. --v. 2. Costs & working capital at Acme Whistles. --v. 3. Profit: what is it? --v. 4. Profits: how do we use them?
Dimensions
unknown
Extent
4 online resources (4 video files)
File format
unknown
Form of item
online
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Medium for sound
other
Other physical details
digital, stereo., sound, color.
Publisher number
1066455
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
sound
Sound on medium or separate
sound on medium
Specific material designation
  • other
  • remote
System control number
  • (OCoLC)897768483
  • (CaSfKAN)kan1066455
System details
Mode of access: World Wide Web
Video recording format
other

Subject

Genre

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