Accounting for box office success can be tricky

by Taking Stock

More from this author

08 Oct 2012

  • Comments
Bruce Willis

TS IS NOT ABOVE throwing it out there that Bruce Willis (pictured) is one of our all-time favourite action heroes.

However, his latest explosive exploit into time-travelling capers has left the US analysts licking their wounds.

According to box office analysts, this was the first film to take more in its debut in China than in the US. Analysts and newspapers around the world suggested its US-Chinese co-production and several scenes based in the far-east helped boost the films Chinese audience appeal to take $23m-$25m (£14m-£16m) in the opening weekend.

Unfortunately, it turns out that officials who reported the Chinese box-office mixed up the yuan and dollars. In fact, the film may only have taken $5m-$7m, according to The Guardian which reported the mistake and the correction.

Maybe the accounting should be left to the professionals and Willis should be left to blowing things up.

Visitor comments

blog comments powered by Disqus
display:none

Add your comment

We won't publish your address


By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

Submit
  • Send

Newsletters

Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials

Careers

Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you

Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.