Total of the revenue column in the data you downloaded

Reference no: EM133611521

Question: Elson Ltd. is a Canadian wholesaler to various retail stores. The company founder, Elon Marcel, relies heavily on its experienced sales team to reach out to retailers across Ontario to sell its products. The company specializes in various products across six distinct categories. The company has a June 30 year-end and applies IFRS. You are hired as a financial analyst for Elson Ltd. and begin your new role on January 2, 2023. You are taking over from the previous financial analyst who has moved into a different role within the company. Your first task is to review the revenue data and prepare the necessary adjusting journal entries for the December 2022 month-end. You are also asked to analyze the revenue data and provide insights into the company's revenues, profitability, and sales team performance. You download sales and cost data from the financial reporting system for December 2022 (RawData worksheet in the Excel Working File). You feel like you are off to a great start, as the total revenue reported in the financial system for December 2022 is: $10,620,476. This equals the total of the revenue column in the data you downloaded (the RawData Worksheet).

Reference no: EM133611521

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