PUBLISHING FINANCE: AN INTRODUCTION
"I feel that my decisions at work will be more thought through in
terms of how they will affect the rest of the business."
Kyle
Cathie delegate
What are the financial implications of your decisions?
This
course will tell you! By the end of the day you'll be able to:
-
read and understand key financial reports
-
appreciate why cash flow is so important
-
predict the likely financial implications of your own
publishing projects.
Whether you've just gained responsibility for your own budgets,
or simply need to understand financial reports more clearly, this course
is for you.
You'll learn about a wide range of financial
documents, and, working in a group on a variety of case studies, you'll
gain practical experience of using financial reports in publishing. So
when you return to work you'll not only understand financial reports,
you'll be able to use them for forecasting in your own day-to-day work.
Programme
-
Sources and uses of money
-
Budgets and forecasts: setting and controlling them
-
"Finance is algebra": understanding terms
-
"The Balance Sheet Barrier": video
-
Profit & Loss account: building the picture
-
Overheads: the hidden cost
-
Exercise 1: what are you left with?
-
Profit & Loss account
-
Exercise 2: a mid-year change
-
Exercise 3: revising the forecast down
-
Reading P & L accounts
-
Balance sheet: how does it balance?
-
Ratios: which are the key ones?
-
Cash flow: planning the big project
-
Exercise 4: "Encyclopedia of Asia"
-
Long-term publishing and forecasting financial need
Your tutorRichard Balkwill has more than 25 years'
experience in educational and children's reference publishing, latterly as
a publishing director at Heinemann. He is now an independent consultant
running CopyTrain, a writing, training and copyright service for
publishers. He is also the author of
The Multilingual Dictionary of
Copyright, Rights and Contracts.
Note that most of our open
courses can also be run as in company events.
