BASIC FINANCE TRAINING QUIZ
Basic Finance Training Quiz
Test your knowledge and skills in basic finance with our comprehensive quiz designed for new and existing staff members. This quiz covers essential topics that every finance team member should know to excel in their role.
- Understand key financial processes
- Learn how to handle invoices and payments
- Gain insights into managing contracts
- Prepare for real-world finance scenarios
1. What am I meant to know having completed the Basic Finance Training?
How to find a Job No.
Where the Income & Expenditure Spreadsheet is
What is included in an invoice and how to process on Tagmin
What to do with a finance email (read it, move it add a note)
Basics of what to look out for on a Contract
How to hide remittance advice so no one knows where it is
How to chase a Late Payment
What a Repeat Fee is
Which bank account to pay commision into/Why we have 3 Bank Accounts
When to action a finance task myself and how to handover appropriately
An Email comes in that looks like it's to do with money. What do you do?...
Read it, see if it's something actionable then either action it or add a note on Tagmin for a FT member to pick up when they're next in
Delete It
Move to the finance folder
Move it to the finance folder and send an email to Charlotte just in case it gets lost
A Job Number is a Filers Initials + 4 digits (They've been going in chronological order since the first ever job booked by The Actors File in the eighties and now we are around the 2000th Job!
TRUE
FALSE
As A Full Filer I should never open the Income & Expenditure Spreadsheet
TRUE
FALSE
We use CO-OP BANKING and have 3 Types of account. A Client Account where all the money comes in to be dealt with but isn't actually The Actors File's money, A Business Account where our commision moves to and is ours to pay tax on and a Savings Account for our rainy day funds.
TRUE
FALSE
A Filer has emailed in to ask if they've been paid for a film that they did 3 months ago. Do you?...
Tell them we've obviously decided not to pay them as punishment for something they've done
Email someone from the Finance Team and ask them to check it today
Try to find out yourself by going to the Income & Expenditure Spreadsheet, finding the job and checking the staus using the colour coded key and checking for any notes
Have a look on the Finance Tagmin Page and see if there's any notes about this particular job
Leave a clear not for the finance team so they can look into it next time one of them is in
Basic Contract understanding. Most Commercial jobs will comprise of?
A Basic Day Fee and a larger Buyout Fee
A HUGE payoff
A Fee for your first round
A Recall Fee, A Basic Day Fee and a Larger Buyout Fee
A small fee every time the advert is shown live
With Theatre Jobs we usually expect The Filer to give the company their own personal bank details and then transfer the commision due directly to our Actors File Business Account using their Job No in the 'Payment Reference' when making the transfer
TRUE
FALSE
If I send an invoice I should make sure I check with at least one other Full Filer or Finace Team Member
TRUE
FALSE
We get regular Repeat Fees that come into our account for Filers that left us years ago and current Filers alike for TV work that was done from decades ago and still have to work out our commision and pay them
TRUE
FALSE
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