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

    Financial Decision Making for the Arts
  • Unit Code

    ADM3510
  • Year

    2017
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
  • Unit Co-ordinator

    Dr Helen Kathryn RUSAK

Description

Through a study of strategic financial planning, reporting and analysis, students will gain the skills for sound financial decision making within the arts. This unit examines the role of entrepreneurialism, long term planning and investment strategies: financial control; capital management; cost control; project planning and budgeting. Students will also observe and analyse financial management within an arts organisation during practicum placement.

Non Standard Timetable Requirements

Workplace placement in arts organisation 1 day per week

Prerequisite Rule

Students must pass 1 units from ADM2425

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 theory and research through workplace practicum.
  2. Demonstrate high level language skills in the communication of financial decisions.
  3. Develop a practical understanding through case study examples.
  4. Use Excel for financial reporting, scenario analysis and strategic planning.
  5. Use financial management principles for entrepreneurial decision making within the arts.

Unit Content

  1. Decision-making tools for measurable outcomes: SWOT; resource allocation; staffing; funding implications; developing new strategies; comparative advantages.
  2. Financial leadership and entrepreneurship in arts managers.
  3. Primary and secondary research activities through industry practicum.
  4. Risk management and the mediation of the creative process.
  5. The role of financial analysis in strategic planning for arts companies.

Teaching and Learning Processes

Lecturers and tutorials, Workplace placement at arts organisation.

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
Case StudyMajor Case Study 140%
PracticumCompany financial analysis presentation30%
Case StudyMajor Case Study 230%

Core Reading(s)

  • Byrnes, W. J. (2015). Management and the Arts. (5th ed.). New York, London: Focal Press.

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.

ADM3510|2|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

    Financial Decision Making for the Arts
  • Unit Code

    ADM3510
  • Year

    2017
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
  • Unit Co-ordinator

    Dr Helen Kathryn RUSAK

Description

Through a study of strategic financial planning, reporting and analysis, students will gain the skills for sound financial decision making within the arts. This unit examines the role of entrepreneurialism, long term planning and investment strategies: financial control; capital management; cost control; project planning and budgeting. Students will also observe and analyse financial management within an arts organisation during practicum placement.

Non Standard Timetable Requirements

Workplace placement in arts organisation 1 day per week

Prerequisite Rule

Students must pass 1 units from ADM2425

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 theory and research through workplace practicum.
  2. Demonstrate high level language skills in the communication of financial decisions.
  3. Develop a practical understanding through case study examples.
  4. Use Excel for financial reporting, scenario analysis and strategic planning.
  5. Use financial management principles for entrepreneurial decision making within the arts.

Unit Content

  1. Decision-making tools for measurable outcomes: SWOT; resource allocation; staffing; funding implications; developing new strategies; comparative advantages.
  2. Financial leadership and entrepreneurship in arts managers.
  3. Primary and secondary research activities through industry practicum.
  4. Risk management and the mediation of the creative process.
  5. The role of financial analysis in strategic planning for arts companies.

Teaching and Learning Processes

Lecturers and tutorials, Workplace placement at arts organisation.

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
Case StudyMajor Case Study 140%
PracticumCompany financial analysis presentation30%
Case StudyMajor Case Study 230%

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.

ADM3510|2|2