Class Library
Accounting & Finance for Event Companies
- Title:Accounting & Finance for Event Companies
- Category:Business
- Level:All
- Instructor:Howard Givner
- Length:86 min
- Posted:2/1/2011
- CMP Clock Hours:1.50
- CMP Domain:D: Financial Management
Overview
Most people in the event industry turn their finances and books over to someone else, whether it's a bookkeeper, accountant or adviser. Yet without being able to read, understand and interpret your company's financial statements, that's like driving a car without knowing how to read the instruments on your dashboard. In this class we'll review all the components that go into your company's books, including a detailed walk-through of the key financial statements every business should be using to measure their fiscal health.
Filmed on location at Sentry Centers Midtown East.
Learning Outcomes
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Learn how to read and interpret a Profit & Loss Statement & a Balance Sheet.
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Understand the difference between Accrual & Cash based accounting methods and create a chart of accounts.
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Discuss a variety of tips for budgeting and cost management in running your business.
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Understand the importance of cash flow and how to properly track it.
Table of Contents
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Watch the Full Class Without Chapter Breaks
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Accounting & Finance - Full Class Video
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1:23:18
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Accounting & Finance for Event Companies
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Overview
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3:31
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Accounting Basics (Chart of Accounts; Cash vs. Accrual & More)
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10:24
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Profit & Loss Statements
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9:17
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Balance Sheets
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13:29
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Accounts Payable & Accounts Receivable
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6:09
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Managing Accounts Payable & Accounts Receivable
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8:25
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Cash Flow Reports
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5:57
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Advance Planning Tips
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9:01
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Sources of Financing
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6:10
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Budgeting & Cost Management
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8:04
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Bookkeepers vs. Accountants
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5:08
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Downloads (documents referenced in this class)
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Sample Financial Reports (Bal. Sheet, P&L, Cash Flow, A/R, A/P, Chart of Accounts)
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1 Page
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PDF of Slides from this Class
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The Certified Meeting Professional (CMP) is a certification offered by the Convention
Industry Council (CIC), an umbrella group comprised of 30 organizations. As part
of the application process for the CMP, candidates are required to log a minimum
of 25 Clock Hours of approved education. If you see the CMP designation next to
a given class on this site, it indicates that class has been approved by the CIC
to count toward that educational requirement, for the designated number of clock
hours. For more information go to
www.ConventionIndustry.org.