AAD 350 - FINANCIAL MANAGEMENT FOR ARTS ORGANIZATIONS I

College of Fine Arts

Credit(s): 3

Financial management is a core function within the management of cultural and arts organizations. It is the foundation upon which the resources (human, physical and financial) of any organization are maintained and monitored. In the nonprofit sector, the relationship of ‘mission to money’ is an important conceptual framework, and must be understood by arts managers. Financial analysis is an essential requisite for sound strategic planning and governance, and managers of nonprofit arts organizations are the source of financial information. AAD 350: Financial Management for Arts Organizations I is the first of two courses that will guide students through the key conceptual areas of financial management. Part I includes understanding the basic principles of accounting, legal reporting requirements, reading financial statements and interpreting performance measurements.

Prereq: Completion of AAD 300 , AAD 303 , AAD 310 and UK Core Quantitative and Statistical requirements.