Designed as both an introductory guide and a practical, week-by-week workbook, this book will assist students, educators and practitioners in the music, entertainment and arts industries to build their financial literacy.
Combined with the associated online resource www.thebiz.com.au, the authors use journals, spreadsheets and calculators which extrapolate and demonstrate introductory accounting principles in relation to the music, arts and entertainment industry.
The authors explore the essentials components of accounting processes and systems including:
The accounting cycle and bookkeeping processes
Accounting for intangible service as well as physical products
Accounting for assets such as studio and band equipment.
Accounting for music copyrights, trademarks and entertainment brands
Financial analysis tools used to measure the relative success of music, arts and entertainment products and businesses
Creating and implementing budgets for revenue and expenditure
Demonstration of practical, spreadsheet-based budgets for record labels, publishers, independent artists, recording studios, cultural events, music tours and more.
Learn how to capitalize your creativity by mastering the basics of accounting.