School: Western Australian Academy of Performing Arts

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Managerial Finance for the Arts
  • Unit Code

    ADM2425
  • Year

    2017
  • Enrolment Period

    1
  • Version

    3
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
  • Unit Co-ordinator

    Dr Helen Kathryn RUSAK

Description

This unit develops an understanding of managerial finance principles for arts organisations. Through a study of financial statement analysis, budget preparation and cash flow predictions, economic issues in the arts sector and financial risk management, this unit aims to give students the tools for effective and confident financial management in the arts industry.

Prerequisite Rule

Students must pass 1 units from ACC1100

For COURSE_CODE NOT IN Y20 Do
Permission required
Otherwise
true

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply key financial management principles to a diverse range of arts businesses.
  2. Demonstrate a strong understanding of budgeting and cost control in arts organisations.
  3. Demonstrate financial management skills.

Unit Content

  1. Analysis of financial statements, including ratio, break-even and cost-volume-profit (CVP) analysis.
  2. Budgeting for arts organisations and events, with emphasis on flexible budgets and variable costing and accounting for decision making.
  3. Preparation and analysis of cash flow statements.
  4. Understanding of economic issues for arts organisations.

Teaching and Learning Processes

Lecturers and tutorials incorporating discussion, problem solving and simulations.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentMinor Assignment20%
Case StudyCase Study30%
ExaminationEnd of semester examination50%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Student Equity, Diversity and Disability Service website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students’ work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ADM2425|3|1

School: Western Australian Academy of Performing Arts

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Managerial Finance for the Arts
  • Unit Code

    ADM2425
  • Year

    2017
  • Enrolment Period

    2
  • Version

    3
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
  • Unit Co-ordinator

    Dr Helen Kathryn RUSAK

Description

This unit develops an understanding of managerial finance principles for arts organisations. Through a study of financial statement analysis, budget preparation and cash flow predictions, economic issues in the arts sector and financial risk management, this unit aims to give students the tools for effective and confident financial management in the arts industry.

Prerequisite Rule

Students must pass 1 units from ACC1100

For COURSE_CODE NOT IN Y20 Do
Permission required
Otherwise
true

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply key financial management principles to a diverse range of arts businesses.
  2. Demonstrate a strong understanding of budgeting and cost control in arts organisations.
  3. Demonstrate financial management skills.

Unit Content

  1. Analysis of financial statements, including ratio, break-even and cost-volume-profit (CVP) analysis.
  2. Budgeting for arts organisations and events, with emphasis on flexible budgets and variable costing and accounting for decision making.
  3. Preparation and analysis of cash flow statements.
  4. Understanding of economic issues for arts organisations.

Teaching and Learning Processes

Lecturers and tutorials incorporating discussion, problem solving and simulations.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentMinor Assignment20%
Case StudyCase Study30%
ExaminationEnd of semester examination50%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Student Equity, Diversity and Disability Service website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students’ work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ADM2425|3|2