Finance and Budgeting

Subject AMGT90013 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 29-Feb-2016 to 29-May-2016
Assessment Period End 24-Jun-2016
Last date to Self-Enrol 11-Mar-2016
Census Date 31-Mar-2016
Last date to Withdraw without fail 06-May-2016

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 25-Jul-2016 to 23-Oct-2016
Assessment Period End 18-Nov-2016
Last date to Self-Enrol 05-Aug-2016
Census Date 31-Aug-2016
Last date to Withdraw without fail 23-Sep-2016


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 1x3hr seminar per week (Total 36 hours)
Total Time Commitment:

170 hours

Prerequisites:

Admission to the Postgraduate Diploma Arts & Cultural Management, Master of Art Curatorship, Master of Arts and Cultural Management, or Master of Arts and Cultural Management (Moving Image).

Corequisites:

None

Recommended Background Knowledge:

None

Non Allowed Subjects:

None

Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

Coordinator

Mr Richard Comerford

Contact

rctcome@unimelb.edu.au


Subject Overview:

This subject introduces students to the fundamentals of financial management and budgeting in arts organisations. Commencing with an examination of the principal financial reports the subject takes students through the nature and type of transactions undertaken by arts organisations, how these transactions are recorded in financial statements and the steps necessary to prudently manage arts organisations. In the second half of the semester students examine the preparation and evaluation of financial budgets in arts organisations. Specifically students address the budgeting process, budget preparation and the use of financial and performance measurement systems.

Learning Outcomes:

Upon successful completion students will have:

  • acquired an understanding of key financial accounting principals;
  • developed skills in reading and evaluating financial statements;
  • gained an awareness of current financial accounting issues as they relate to managing arts organisations; and
  • gained skills in developing financial planning strategies for arts organisations.
Assessment:

A series of assignments equivalent to 3000 words 60% (due throughout the semester), and a 2000 word equivalent take-home examination 40% (during the examination period).

Students are required to attend a minimum of 80% of classes in order to pass this subject.

Prescribed Texts:

An online reader will be available via the subject’s LMS website, as well as a printed version from the University Bookshop.

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

Upon successful completion the student will have:

  • advanced their communication skills through contributions to seminar discussions and presentations;
  • developed their research, analytical and writing skills;
  • expanded their conceptual skills and creative thinking;
  • increased their capacity for effective teamwork through group discussions and collaboration; and
  • developed their time management and planning skills through managing subject workload requirements.
Related Course(s): Graduate Diploma in Arts and Cultural Management (Advanced)
Postgraduate Diploma in Arts and Cultural Management
Related Majors/Minors/Specialisations: 100 Point Master of Art Curatorship
150 Point Master of Art Curatorship
150 Point Master of Arts and Cultural Management
150 Point Master of Arts and Cultural Management - Moving Image Specialisation
200 Point Master of Art Curatorship
200 Point Master of Arts and Cultural Management
200 Point Master of Arts and Cultural Management - Moving Image specialisation

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