Class Library Accounting & Finance for Event Companies

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  • Title:Accounting & Finance for Event Companies
  • Category:Business & Sales
  • Level:All
  • Instructor:Howard Givner
  • Length:86 min
  • Posted:2/1/2011
  • CMP Domain:D: Financial Management
4.92 out of 5 star rating
1.50

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

    1. Learn how to read and interpret a Profit & Loss Statement & a Balance Sheet.
    2. Understand the difference between Accrual & Cash based accounting methods and create a chart of accounts.
    3. Discuss a variety of tips for budgeting and cost management in running your business.
    4. Understand the importance of cash flow and how to properly track it.

Table of Contents

Watch the Full Class Without Chapter Breaks
Accounting & Finance - Full Class Video 1:23:18
Accounting & Finance for Event Companies
Overview 3:31
Accounting Basics (Chart of Accounts; Cash vs. Accrual & More) 10:24
Profit & Loss Statements 9:17
Balance Sheets 13:29
Accounts Payable & Accounts Receivable 6:09
Managing Accounts Payable & Accounts Receivable 8:25
Cash Flow Reports 5:57
Advance Planning Tips 9:01
Sources of Financing 6:10
Budgeting & Cost Management 8:04
Bookkeepers vs. Accountants 5:08
Downloads (documents referenced in this class)
Sample Financial Reports (Bal. Sheet, P&L, Cash Flow, A/R, A/P, Chart of Accounts) 1 Page
PDF of Slides from this Class
ELI

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.

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© The Event Leadership Institute 2011. All rights reserved.

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