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Financial planning is a very important element in determining one’s success in attaining financial security, growth and wealth whether it is personal or business related. Our Film Financial Projections Template will make financing for your independent film production a breeze. Just fill in the yellow cells with your key figures and the spreadsheet calculates the rest for you! Get your FREE Business Plan Checklist and easily discover if you are on the right track to quick film financing. Welcome to Filmproposals, the site for Independent Film Makers serious about raising film financing. Financial Analyst Cover Letter – Careers ArticlesMany people write cover letters that state that they are good communicators, hard working, loyal, dedicated, team players, etc.
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Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Clipping is a handy way to collect and organize the most important slides from a presentation. Updated in 2015, Virtual Business - Personal Finance is the #1 way to teach personal finance in America. FREE DemoIn this trial assignment, you'll explore how to improve your credit score by using credit responsibly.
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A larger city view and a Google Maps-like interface makes job and apartment-hunting quicker and more intuitive. All Virtual Business sims come with tools to help add flexibility and control when using the sims in your classroom. Virtual Business simulations and accompanying math problems help students apply key math concepts to business and everyday life. Here is a sample Income Statement for an art business – it’s something you need to know! Ok, an important part of running your art business is to be able to understand your financial statements. The name Income Statement may be a bit misleading as this financial report covers not only income but expenses as well. The first thing to note about the Income Statement is that it covers your financial activity for a period of time. In this section of the Income Statement the expenses associated with producing and marketing your art are listed. Gross profit is calculated by subtracting your Total Cost of Sales from your Total Revenue. These are business expenses which are generally fixed and do not vary with your level or amount of sales.
You will need an income statement if you apply for a bank loan whether it is based on your past financial results or projected results for a new business. Your income statement will allow you to see trends in your costs and the overall makeup of your sales so you can take advantage or corrective action if needed.


Ok, now you should have a good feel for one of the key financial statements – the Income Statement.
For others that are just starting out you may want to get the help of an accountant or bookkeeper to get your accounting reports set up.
Neil has over 30 years’ experience as a management consultant and marketing executive, working with some of the world’s top brands. While the distinction may be a moot point in an article such as this, there is a difference between costs of sales and variable costs. In order to make great progress, you must be able to keep track of your cash and measure your progress. Decide where you want to be in your career, finances, and investment in the short term and long term. By establishing these figures, you can determine your financial position and make forecast for the future according to your goals. This Excel template walks you through analyzing your film, comparing it to other films, movie production costs and easily allows you to add financials directly into your Independent Film Business Plan. And with the Comparable Films Template, you can compare and contrast how your project's financial outlook stacks up. You have complete flexibility over the distribution and VOD revenue model(s) you choose and you complete your calculations any way that works for you.
Very educational and saves tons of time researching and building plans and projections from scratch.
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In one place, with clear, easy to follow materials and spreadsheets, my questions were answered. Download our tools immediately to help you ace your business plan, easily crunch your numbers, find and pitch film investors and fund your film.
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Check out 100s of tools, templates, articles, contacts and resources for both new and experienced movie producers.
As a full-service accounting firm, Evolve Financial Services offers much more than accounting services.
All of Evolve Financial Services’ fees are pre-determined and there are no additional costs for support, including e-mails, phone calls, or meetings. Cloud-based accounting software and financial reporting provided by Evolve Financial Service provides you with access to instant, real-time information. Now Mac and iPad compatible, with better usability on all tablets, Virtual Business - Personal Finance develops key personal financial skills in an online, simulated world. Updated written content also covers topics such as the Consumer Financial Protection Bureau.
Licenses are nontransferable and can only be used at (or by students at) the school specified in the purchase order. You may get these statements from your accounting system, your accountant, bookkeeper or even on your phone! More than likely your accounting software, accountant or bookkeeper will provide you with much more detail but it is extremely important you know what you are looking at. Take note that these expenses are not overhead and are a direct result of producing and selling your art – aka variable costs.


Basically it tells you how much profit you made before deducting fixed expenses aka – General, Selling and Administrative Expenses. It is simply calculated by subtracting your General, Selling and Administrative Expenses from your Gross Profit – keep an eye on your Net Income!
Pay attention to your Income Statement as it is one of the most powerful financial management tools at your disposal. Neil is a frequent lecturer to artists and arts organizations, a guest columnist for Colorado Biz Magazine, where he covers the creative sector of the economy, and the author of several articles for Americans for the Arts, a national arts organization. Some of the costs that you have listed, show and marketing costs for example , are not technically costs of sales but normally fall into the general and administrative costs area of the earnings statement.
Get an inside look at our Income Projections and Comparable Films Template with the screenshots below. However you do your calculations, just fill in the blanks for the various revenue streams and change the distribution fee (anywhere from 0-100%), according to your calculations. I am well on my way, a few months after receiving this information towards producing my FIRST Feature! Every day, 169 million people use PayPal in 190 countries and with 21 different currencies.
This means you will never be surprised by unexpected expenses from Evolve Financial Services.
Students direct their simulated character through finding an apartment, job hunting, getting a bank account, paying taxes, and more.
A separate license to the Knowledge Matters Software must be purchased for use on each individual physical location. Concepts include numbers and quantity, algebra, geometry, functions, probability and statistics, and modeling. In this article I am going to take a look at one of the most basic yet most useful reports – the Income Statement. If your Sales (Revenue) are greater than your expenses then you have a profit, if your expenses are greater than you Sales (Revenue) then you have a loss. It is important that you track and manage these expenses as it will help improve your bottom line and help you plan future projects. It is important that manage your fixed expenses as they may a large part of your overall expenses. And lastly, if you don’t understand something or think you need more detail ask for help – after all it is your business! They are variable expenses because they fluctuate over time, either seasonally or by design or with the level of productive activity. You can even decide when to open lessons to students, helping keep your whole class in sync.
The above pricing for Virtual Business - Personal Finance is available exclusively to K-12 schools.
Another way to look at costs of sales is that they are the costs that actually get incorporated into the final product, in this case works of art. You use the Income Statement to review and manage your financial activity and make changes as needed. Anyway, as I said, probably not an important distinction here, but for someone who uses the accrual (rather than cash) basis of accounting, for someone who keeps and accounts for inventory, it may be very important indeed.



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