Management and Accountancy

 

56 hours 

Managing a Company

- The origins and principles of accountancy / Accountancy and planning / Bookkeeping / Keeping accounting records / The accounting year and closing

- The annual report and balance sheet

- Keeping track of operating costs: identification, analysis and forecasting

- The basics of practical accounting                  

- A company’s accounting obligations

- How to use accountancy techniques to measure & boost results

- Accounting tools

- Overview of taxes

- Cash flow planning and budget forecasts

- Assessing needs in terms of working capital

- Costs, margins & thresholds

- Managing stock

 

Production budgets

- The main costs and revenue related to the production and commercialization of a musical project

- Setting up a realistic budget forecast for each project

- Generally accepted market prices

- A presentation of budgets according to the type of music

- A comparison of production costs for musical projects and an analysis of costs incurred

- Identifying and assessing expenses: wages, recording costs, manufacturing, distribution, copyright royalties, overhead, artists’ royalties, advertising & promotion

- Identifying and assessing forecasted revenues: assignment and transfer of rights, licensing, direct sales, retail sales, live music ticket sales

- A comparison of prices in use by suppliers, subcontractors and how much they usually cost charge

- Working out a production budget and inclusion of data in cash flow projections

- Choice & analyses of corrective measures

 

The artist’s & musician’s status                                 

- The rights and obligations of salaried workers, employers & self-employed workers

- Artists’ and musicians’ working conditions

- Particularities related to the artist’s legal status

- A general comparison of the artist and musician’s legal status  

- Labor law, work contracts, wage scales and inter-professional agreements

- Introduction to governmental partners, unions & federations

 

Subsidies and financial aid

- The main sources of external funding (government, private foundations, associations) & their cultural policies

- Where these bodies intervene & some figures related to funding and the size of sums granted.

- Introduction to funding organizations & various foundations

- A practical analysis of how to constitute & present applications for subsidies: presenting the project, working out forecasted budgets, some rules concerning how attributions of funds are made.

- Case study