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New Releases - Accounting and Finance


New Releases - Accounting and Finance


ACCOUNTING & FINANCE CLIPS 1: ACCOUNTS, FORECASTING & BREAKEVEN

Four film clips explain and illustrate key topics in finance using a variety of case study examples.

CLIP 1: INTRODUCING ACCOUNTS (7 mins)
What do a company's accounts tell you? Why are they important? This is a simple guide to the profit and loss account (income statement) and balance sheet. Together these documents form the basis for a company's annual report. The balance sheet provides a snapshot of a firm's financial health - but what do we mean by financial health?

CLIP 2: WHAT IS ACCOUNTING? (7 mins)
Working capital is getting tight at Blakeway and Maynard wants to know what's going wrong. One reason: too many customers taking too long to pay up. Should they slow down on paying their suppliers or push their debtors to pay up quicker?

CLIP 3: FORECASTING IN BUSINESS (7 mins)
This clip explains the critical and tricky business of predicting future trends. Examples range from informal forecasting at a small business, to a marketing manager exploring future sales trends using time series analysis.

CLIP 4: BREAKEVEN ANALYSIS (7 mins)
What is breakeven analysis - and why do companies do it? Working out when a product or new store will break even is critical management information. But breakeven analysis isn't easy - and it has its limitations.


Item no.: NA00110186
Format: DVD
Duration: 28 minutes
Audience:
Copyright: 2011
StdBkNo.:
Price: GBP 125.00

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ACCOUNTING & FINANCE CLIPS 2: SOURCES OF FINANCE

CLIP 1: SOURCES OF FINANCE - AN INTRODUCTION (9 mins)
How does a business choose between different sources of finance? Is it always better to get money from inside the company than get an overdraft or loan or to sell shares in the firm? And what are the pros and cons of selling assets to raise finance?

CLIP 2: SOURCES OF FINANCE: DIVINE CHOCOLATE (5 mins)
Divine Chocolate found its funding in a novel way - by giving an ownership stake to the cocoa farmers which supply its beans. This source of finance fits well with the fair trade company's social mission. But the company's also strong on financial discipline: it employs invoice discounting and is tough on slow payers.

CLIP 3: SOURCE OF FINANCE: BROMPTON BICYCLE (5 mins)
Famous British bike manufacturer Brompton Bicycle prefers not to go looking for external sources of finance. For Brompton choosing a source of finance is all about control. Investors in search of short-term profits may divert them from their long-term goal of producing top quality bikes - though they're ready to take a loan rather than miss a business opportunity. Also: the difficult art of setting prices and the impact on their business of external factors.

CLIP 4: FINANCING A START-UP: CLIMATECARS (5 mins)
How green taxi firm Climatecars found its start-up finance. The company's 22-year old founder got his business off the ground by raising ¢G150,000 from family and friends. He needed still more money - and to get this he pitched his business plan to a roomful of "business angels". But has he given away too much ownership of his business?


Item no.: KN00110187
Format: DVD
Duration: 24 minutes
Audience:
Copyright: 2011
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Price: GBP 125.00

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ACCOUNTING & FINANCE CLIPS 3: BUDGETING

Clips explain and illustrate the importance of budgets and budgeting using a variety of case study examples.

CLIP 1: INTRODUCTION TO BUDGETING (5 mins)
What are budgets? How do they work? In Blakeway Ltd budgeting is vital to their manufacturing plans - but budgets depend on sales forecasts which are notoriously unreliable. Variance analysis is used to track the difference between estimates and reality. Budgets can be used to make staff more accountable and set priorities - but sometimes managers use up current budgets simply for fear of losing their money next year!

CLIP 2: THE BUDGETING MEETING (7 mins)
A manager uses the budget to crack the whip. Against a background of falling sales, company accountant Bee Payne asks her colleagues to account for their spending against their budgets. The systems department hasn't actually overspent - but shouldn't they have spent less with sales falling? And why is the sales and marketing department overspending on its budget? Is there a scope for spending cuts to get the firm back on target?

CLIP 3: THE IMPORTANCE OF BUDGETING: FIRST LUGGAGE (5 mins)
First Luggage makes its money by taking your luggage off your hands and transporting it to wherever you go on holiday or business. It's enjoyed impressive growth - and detailed budgeting, it's claimed, is central to its success. First Luggage's boss explains how they put their budgets together. But budgets are estimates - it's critical to monitor what happens in reality and "tweak" the business accordingly.

CLIP 4: BUDGETING & CASHFLOW FORECASTING: SRA (6 mins)
SRA is a charity which helps people with mental health problems get work experience in its businesses. It uses a combination of budgeting and cash-flow forecasting to control its finances. Being realistic is vital in planning its budgets - allowing for things like inflation and the cost of materials. Business goes up and down, too - so monitoring how well they're actually doing against their forecasts is vital.


Item no.: HF00110188
Format: DVD
Duration: 23 minutes
Audience:
Copyright: 2011
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Price: GBP 125.00

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ACCOUNTING & FINANCE CLIPS 4: CASH FLOW & WORKING CAPITAL

CLIP 1: CASH FLOW: TOSSED'S GAMBLE (11 mins)
A new salad bar chain is chasing growth - but will it run out of cash? Tossed is the baby of twenty-something entrepreneur Vincent McKevitt who aims to make big money out of healthy eating. The business is successful, but if he tries to grow it too quickly, he risks running out of money. We eavesdrop on a critical meeting with his business advisor.

CLIP 2: CASH FLOW: WHY CASH IS KING (5 mins)
Cash flow isn't about how much money you're making - it's about when you get paid for your wares and when you have to pay your bills. Businesses which invoice customers for goods have to wait to be paid, retailers generally don't - a critical issue in cash flow. The clip explains in detail how you construct a cash flow forecast - and the critical importance of predicting the maximum cash deficit. Get the figures wrong and the business may go bust!

CLIP 3: WORKING CAPITAL (7 mins)
Working capital is like oil to a company's engine - without it, the engine seizes up and the business may go under. This clip explains what working capital is and how it's different from cash in the bank. It also examines how companies can maximise their working capital - for example, by chasing up slow payers.

CLIP 4: THE DIFFERENCE BETWEEN CASH & PROFIT (8 mins)
Spare cash and profit may seem like the same thing, but in fact they're very different. The Tin Drum cafe bar has lots of cash coming in but is in fact heading for financial disaster. The Press Red interactive TV service is profitable on paper - but is short on cash because it can't get its customers to pay up. In the long term businesses chase profits, but in the short term cash is king.


Item no.: RH00110189
Format: DVD
Duration: 31 minutes
Audience:
Copyright: 2011
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Price: GBP 125.00

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ACCOUNTING & FINANCE CLIPS 5: INVESTMENT DECISIONS & CONTRIBUTION

CLIP 1: WHAT IS INVESTMENT APPRAISAL? (7 mins)
Among the most critical decisions companies have to make are investment decisions - whether buying new machinery or taking over another company. This clip examines the different investment appraisal techniques companies use to help them make those decisions. Payback, profit, and opportunity cost are all important factors companies consider - but the figures rarely tell the whole story.

CLIP 2: INVESTMENT DECISIONS AT ACME WHISTLES (5 mins)
British manufacturer Acme Whistles prides itself on a cautious approach to spending and borrows as little money as possible. So how does it decide on whether investing in a new piece of machinery is worth it? It's not enough for the machine to work more efficiently - how will it benefit the business?

CLIP 3: CONTRIBUTION: WHAT DOES IT MEAN? (10 mins)
A business may make a wide range of products. But how does it work out which products are making the biggest (or smallest) contribution to its profits? This process involves calculating variable and fixed costs - and this can be used to work out the contribution of individual shops and departments, too. But in the real world these calculations are never easy.

CLIP 4: CASE STUDIES IN CONTRIBUTION (6 mins)
How does calculating contribution help decision-making in a business? The clip presents the examples - the viewer is invited to consider the pros and cons. A print shop has to decide whether a job is worth taking on even though it's below its normal rates. Should a computer business axe its internet cafe because it isn't making a profit - or keep the cafe going because of its knock-on benefits to the rest of the business?

Relevant financial documents included on DVD


Item no.: PN00110190
Format: DVD
Duration: 28 minutes
Audience:
Copyright: 2011
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Price: GBP 125.00

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ACCOUNTING & FINANCE CLIPS 6: COSTS & PROFIT

Clips explain and illustrate costs and profit using a variety of case study examples.

CLIP 1: COSTS: AN INTRODUCTION (8 mins)
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.

CLIP 2: COSTS & WORKING CAPITAL AT ACME WHISTLES (7 mins)
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 mean time - working capital. There are hidden costs, too - such as depreciation.

CLIP 3: PROFIT: WHAT IS IT? (8 mins)
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.

CLIP 4: HOW DO WE USE PROFIT? (5 mins)
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?


Item no.: AA00110191
Format: DVD
Duration: 28 minutes
Audience:
Copyright: 2011
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Price: GBP 125.00

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ACCOUNTING & FINANCE CLIPS 7: DEPRECIATION, OBJECTIVES & STRATEGY

Clips explain and illustrate key topics in finance using a variety of case study examples.

CLIP 1: FINANCIAL OBJECTIVES: INTRODUCTION (7 mins)
To achieve their long-term aims, businesses set themselves objectives - stepping stones to their aims. Manufacturing boss Stephen Maynard's key objective is growth. ROCE - return on capital employed - is a vital calculation. Maynard sets specific financial targets for his business - but they rarely go as planned. Another of his objectives is to keep costs down - but does he sometimes go too far? And how do ethical considerations affect his objectives?

CLIP 2: OBJECTIVES IN CONFICT (7 mins)
What happens when there is conflict over objectives inside a business? Blakeway Ltd's objective is to maximise profits. But is there a conflict between what the shareholders want - short-term profits - and the long-term interests of the business? Meanwhile, in small business Logical Friends, accountant Bee sees controlling spending as a key objective. She also wants to protect their assets - in the shape of the houses the business owns. But MD Harry's key objective is growth and he wants to sell the houses. There is a confrontation and sparks fly.

CLIP 3: FINANCIAL OBJECTIVES AT ACME WHISTLES (6 mins)
When Simon Topman joined British manufacturer Acme Whistles he brought a new, more rigorous approach to its finances. "Everything we do has a financial objective to it," he says, "everything!" Financial objectives come with financial targets - for example they aim to achieve not less than 10% on turnover, 12% on capital employed. Fall below their targets and they take corrective action. But not everything it does is in line with its financial objectives - some things, says Simon, are just "nice to do."

CLIP 4: FINANCIAL STRATEGY (7 mins)
A firm's financial strategy is how a firm organises its finances to meet its financial objectives. Inevitably a major part of a firm's financial strategy is how it funds itself to meet its objectives. Does it need short-term or long-term finance? Does it opt for external or internal funding? You need to keep costs down on the one hand, but invest on the other. The clip compares and contrasts the financial strategies of the fast-growing Tossed salad bar chain with electronics manufacturer Blakeway Ltd.

CLIP 5: DEPRECIATION (7 mins)
A company buys an expensive piece of machinery - in accounting terms, a fixed asset, but also a cost to the business. The machinery loses value over time and the company's accounts spreads its cost over this period. This is called depreciation. This simple guide explains the two main ways depreciation is calculated - straight line and declining balance depreciation.


Item no.: BF00110192
Format: DVD
Duration: 34 minutes
Audience:
Copyright: 2011
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Price: GBP 125.00

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FINANCIAL MANAGEMENT AND THE PLANNING CYCLE

KPMG is one of the world's largest professional services firms, providing audit, tax, and advisory services to businesses across the globe. Join KPMG's Ben Skarrasbrek and Alexi Terrovex as they take us on a virtual tour of financial planning and management in large organisations. We start with common financial roles and duties, and establish the vital importance of developing good cash flow, liquidity and return on capital investment. Then we engage in an in-depth audit of the planning cycle, from addressing the current financial position and developing a business plan, through monitoring cash flows and financial reporting, to maintaining financial controls and minimising risk.

Item no.: VM08691653
Format: DVD
Duration: 15 minutes
Audience:
Copyright: 2011
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Price: AUD 235.00

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BALANCING THE BOOKS: UNDERSTANDING FINANCIAL REPORTING

Balancing the books is an essential part of business. Accounting methods help businesses collect, record and analyse financial data. Follow trainee accountant Calvin Clegg, a contestant on the quiz show "Who Wants to Make a Million" as he is quizzed with accounting questions that take him back to his accounting traineeship. His supervisor Dianne teaches him how to balance the books and how to evaluate business performance using financial records. Areas covered include accounting information and tools, the balance sheet, calculating profit and loss, cash control, and assessing financial performance. With Dianne's help, Calvin is poised to "make a million".

Item no.: AU08691645
Format: DVD
Duration: 32 minutes
Audience:
Copyright: 2010
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Price: AUD 235.00

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EFFECTIVE BUDGETING FOR BUSINESS

How can we see into the future? In everyday life it may not be possible, but in business, effective budgeting can give us very clear indications of what to expect.

This program explores the methods in which a number of businesses prepare budgets for cash, profit and position. More importantly it examines the use of budgeted information to create opportunities for success in the future.


Item no.: WH08691409
Format: DVD (Closed Captioned)
Duration: 27 minutes
Audience: Senior Secondary
Copyright: 2008
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Price: AUD 300.00

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FINANCIAL REPORTING FOR BUSINESS

Accounting reports convey vital information about cash, profit and financial position to the owner and key stakeholders of a business.

This program explores the content and format of the three key accounting reports: the cash flow statement, profit and loss statement and balance sheet. Insights are provided from real business owners/managers about how these reports are used within the business for analysis and decision making.


Item no.: KN08691413
Format: DVD (Closed Captioned)
Duration: 26 minutes
Audience: Senior Secondary
Copyright: 2008
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Price: AUD 300.00

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