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Accounting for Film Productions Workshop

By Andre Pietersen http://destinymediaafrica.com

Tue Jun 19, 09:00 - Thu Jun 21, 16:30

Big Fish Film School

ABOUT

Accounting for Film Productions

Joburg:         19 June, Big Fish, Auckland Park, 9 - 4pm
Cape Town:  21 June, Wesgro Office, CT CBD. 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 productions
 
  
Production 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.
 
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
  • 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.

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DIRECTIONS

Accounting for Film Productions Workshop
Big Fish Film School
87 Central Ave, Sandton, 2196, South Africa
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