| | Accounting for Film Productions
Joburg: 12 May, Big Fish, Auckland Park, 9 - 4pm
Introduction
The aim of the Accounting for Film Productions Workshop is to equip filmmakers, accountants and anyone interested in film budgeting and accounting with the necessary knowledge and skills to become production assistant accountants and production accountants. This will assist meeting the shortage of production accountants in the film & television industry and give accountants as well as bookkeepers the opportunity of entering the film and television industry.
Key Objectives:- An unique course in partnership with Moneypenny South Africa
- Equips participants with specialist skills required to work as Film and Television Production Accountants.
- Gain the expertise to succeed in this demanding role.
Role of accounting in film productionsProduction Accountants calculate finances, work out the cost of a production, communicate with financiers (companies or individuals who provide the funding) and control the cash flow, or spending. This is a demanding role that requires a level head, self-confidence and strong communication skills.
In pre-production, Production Accountants help the Producers and Production Managers to prepare budgets and Estimated Final Cost Reports.
During production, they oversee all payments, manage payroll, petty cash and foreign currency and keep accurate financial records. They help monitor budgets, analyse spending and provide daily or weekly cost reports. They also produce cost forecasts to evaluate the impact of any production changes.
A critical task of accountants in film productions is auditing the final expenses of film productions which are a key deliverable for financiers, completion gaurantors and tax incentives.
Workshop Content:- Production set up and implementation of systems
- Budgeting
- Sources of Finance and treatment of funds
- Completion Guarantors
- Cash flow, Forecasting and Cost reporting
- Taxation and insurance.
- Pre production, Production and Post Production
- Production Audits
Key outcomes from the workshop
- Have a clear understanding of the roles and responsibilities of a production accountant and assistant accountant
- Know to draft a production budget
- Do Cost reporting
- Prepare for a production audit
- Manage a production payroll
- Manage a production budget
- Start a career as a production assistant accountant and then a production accountant once you have gained sufficient experience
Who should attend
• Anyone who wants to know how to manage a production budget or work as a film accountant
• Experience or education. If you basic numeracy skills, a strong desire, and you have some basic skills in Excel and Word software, you
qualify.
• Producers, Line Producers or anyone who want to strengthen their abilities to manage costs of a larger film production.
• Accountants who want to include production accounting as part of their services
• Accountants who need to audit the books and records of a film or television production have found this very practical grass-roots training
invaluable.
In association with
Hosted by
Speaker Profile
 '
Jane Fry
Jane Fry is the head of Film Finances South Africa. Film Finances is the world's largest completion bond gaurantor and has bonded movies such as Mandela: Long Walk to Freedom, Chappie as well as The Giver in South Africa. Before joining Film Finances, Jane was the financial director at Endemol South Africa. Jane brings more than 20 years of finance experience to the Accounting for Film Productions Workshop.
|
|
