Financial Management and Planning for the Culture and Heritage Sector

Course Code CHSM-702
Lecture hours per week
Lab hours per week
Course Availability: Open
Description: This course introduces the aspiring culture and heritage sector practitioner to the bookkeeping, accounting and financial principles underlying sound management decision making in sector organizations. Beginning with the basic skills of double entry bookkeeping and preparation/analysis of financial statements relevant to a culture and heritage organization, the material is presented from a General Management and Board (of Directors) perspective which enables both – and hence the learner – to ascertain the fiscal wellbeing of the organization. Subsequent course emphasis will shift to budgets and budgeting, cash flow, electronic financial reporting and myriad other managerial practices used in administration. Case studies complement such inspection into the practical fiscal challenges confronting contemporary sector managers.