AAD 625 - FINANCIAL MGMT FOR ARTS ORGANIZATIONS

College of Fine Arts

Credits: 3

Financial management is a central function of successful arts management. It is the foundation in which human, physical, and financial resources are maintained and monitored. In the nonprofit sector, the relationship of ‘mission to money’ is a key conceptual framework that must be understood by arts managers and will be emphasized in this course. In addition, arts managers are the source of financial information to both internal and external stakeholders, and successful financial analysis is essential for sound strategic planning and governance. This course guides students through key topics of financial management including accounting practices, time value of money, interpreting financial statements, creating mission-driven budgets, analyzing cash- flow, and managing investments.

Approved for Distance Learning.