advanced accounting presentation

8/20/2019 Advanced Accounting Presentation

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GROUP 6 Acielo, Rommel Vherton

Dimalibot, Danica

Martirez, Paul Andrew

Navera, Mark

Roxas, EuniqueZarraa Fatima



“I’m confdent we havecontributed to society. It’s

because we sell books thatare good or our people, alot o kids grew up withNational Book tore! Laking National," saidSocorro Ramos, the founderand chairman of NationalBook Store Incorporated. “NANAY CORING”

Mrs. Socorro Ramos



HUMBLE BEGINNINGS

1940- Nanay Coring and her husband founded National Bookstore,

With a startup capital of P211 (equivalent to about P15,047 in

current pesos when adjusted for inflation) where they built their

first retail bookshop there, selling books as well as soap, candies,

and slippers. .

1948- A TYPHOON destroyed the store and damaged all the

merchandise, then eventually rebuild

1950s- the company later acquired the national franchiseforHallmark Cards. It was also at that time that they began a

publishing programme with the assistance of international

publishers such asMcGraw-Hill, Prentice Hall, Lippincott,

and Addison-Wesley.



GROWTH OF NATIONAL

BOOKSTORE 1970s- Acquired space in shopping centres that had opened

in Cubao and Makati

1990s-had over 50 branches nationwide.

Present-has 19472 branches (includingNBS Bestsellers) all

over the Philippines,Metrobooks—a subsidiary store in

Hong Kong that opened in 2007—, severalNational BookStore-Book Express mini-outlets and also

severalPowerbooks specialty bookstores

https://en.wikipedia.org/wiki/Hong_Kong

https://en.wikipedia.org/wiki/Hong_Kong



SECRETS TO SUCCESS OF NATIONAL

BOOKSTORE IN THEIR CONSIGNMENT SALES

Price must be right

Education

Reach a wider audience

Keep learning

Be actively involved in the business

Read changes and act on them immediatelyNever give up!



REACTION

Reasonable price

Name / Branding

Putting a very small margin on the

product's price is important in order

to sell.

Though the name “National Book Store”

just came accidentally , it is stillimportant to have a god name in order to

attract the buyers.



REACTION

Less expenses

Give and Take Relationship

Renting the boxes in

consignment stores can reduce

the operating costs, for instance

the renters do not need to pay for

electricity or other sundry

expenses.

A true successful business is more aboutgiving service to the community than

gaining in ourselves



APPLICATION

Know what you want to do and believe in yourself. If you want

to be a salesman, make sure you are the best salesman you

could possibly be.



“You must be interested in what you are

doing. You must love what you do so you willcontinue doing it, in spite of a lot ofhardship,” Nanay Coring said.



There will always be hard times. Therewill always be failures. If you fall down,get back up. Never give up



“I wish I could be a good e!ample to them"entrepreneurs#. $oney does not come easy.

You have to work hard for it, and also, youhave to love your work, that%s important. &nd

you have to go to school to study, becauseyou have to learn more. If you want to earnmore, you have to know more, and you haveto read more,” Nanay Coring stressed.

advanced accounting presentation

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