Author: Henry, Austin H. and Prieve, E. Arthur

Publication Year: 1972

Media Type: Report

Summary:

Development and use of a simple financial model specifically suited to the needs of smaller performing arts organizations is described in this monograph. The model can be quickly developed from financial records available in almost any company and provides an unusually clear representation of costs and income as they relate within the specific organization. Once developed, the model can be used for a wide variety of financial planning and analysis tasks and can help even the smallest performing arts company to achieve more effective use of its funds. Examples of applications are given for a small resident theatre company.

Abstract:

Development and use of a simple financial model specifically suited to the needs of smaller performing arts organizations is described in this monograph. The model can be quickly developed from financial records available in almost any company and provides an unusually clear representation of costs and income as they relate within the specific organization. Once developed, the model can be used for a wide variety of financial planning and analysis tasks and can help even the smallest performing arts company to achieve more effective use of its funds. Examples of applications are given for a small resident theatre company. (p. i)

CONTENTS
Need for improved financial management.
Conventional budgeting.
Modeling.
Developing a financial model:
     Recording income and expense items.
     Grouping of items.
     Verification of groupings.
     Model format.
     Applications of the model.
Conclusion.
Appendix A. Terms and symbols.
Appendix B. Updating the model.
Appendix C. Treatment of special cases.
Bibliography.

Arts & Intersections:

Categories: Financial Management