Gemstar Production Inc.

1. GEMSTAR
PRODUCTIONS INC.
Sarah MichelleV. Carpio

2. BALANCE SHEET
02/2020

3. ■ Current Ratio: 128%
■ Working Capital: $11,546.67
■ Debt to Assets: 61%
■ Return on Assets: 9%
■ Return on Equity: 24%

4. Positive
■ Cash
■ Seeing positive
swings in the
balance sheets
Negatives
■ Seeing negative in
the checks
■ Low Deprecation

5. PROFIT AND LOSS
STATEMENTS
02/2020

6. Expenses:
$5150.21
As of right now we
are not profitable,
but we will
continue to grow
and be better

7. ■ This shows how much over budget or under budget we got for some
expenses and revenue

8. STATEMENT OF CASH
FLOWS
02/2020

9. ■ Net Income: 60,249.79
■ OperatingActivities (30,700)
■ FinancingActivities (20,000)
■ InvestingActivities (50,700)

10. INTERNAL
CONTROLS

11. ■ Check Co-Signers &
Authorized Signatures
■ Audits
■ Conduct Background
Checks
■ Detective Controls
■ Review Pay Roll before
it goes out.

12. IMPORTANT
CONCEPTS/TERMS

13. Things to think about:
■Budgeting
■Event Revenue
■Expenses
■Auditing
and so much more…

14. REFERENCES:
AccountingControls (Definition, Examples): 3Types of Internal Controls. (2020, February 3). Retrieved
from https://www.wallstreetmojo.com/accounting-controls/
Ashe-Edmunds, S. (2019, February 11). Examples of Internal Controls. Retrieved from
https://bizfluent.com/facts-5250300-examples-internal-controls.html
Place. Retrieved from https://www.score.org/resource/17-internal-financial-controls-every-small-
business-should-have
Perkins, P. (2017, August 24). Photo by Patrick Perkins on Unsplash. Retrieved from
https://unsplash.com/photos/ETRPjvb0KM0
Revenues definition and meaning: AccountingCoach. (n.d.). Retrieved from
https://www.accountingcoach.com/terms/R/revenuesAccountingTools,