Financial Administration in Event ManagementLaajuus (5 cr)

Objective

On completion of the course the student knows
- basics of financial management in event production
- basic calculations and budgeting of event production
- typical incomes and expenditures in event production and related calculations
- the use of spreadsheet software

Content

- Using spreadsheet software
- Event budgeting and income and expenditure types of event production
- Calculations relating to types of income and expenditure
- Basics in payroll management
- VAT in event production
- Digital event production tools
- Cash flow statement

Assessment criteria, satisfactory (1)

The student is able to use spreadsheet software for the financial management of event production. They know the basic principles of drawing up a budget and know how to make a budget for a cultural event. The student knows what legal issues should be taken into consideration when budgeting salaries and how to take into account the VAT in event budgeting.

Assessment criteria, good (3)

The student is able to use a wide range of spreadsheet software features for the financial management of event production. They know the basic principles of drawing up a budget and know how to make a budget for a cultural event by using appropriate sources. The student can take into account the basics of payroll management and the VAT in event budgeting. They can evaluate the event budget planning and identify potential risks.

Assessment criteria, excellent (5)

The student is able to use a wide range of spreadsheet software features fluently for the financial management of event production. The student is able to apply features of spreadsheet software in their work appropriately and diversely. The student is proficient in budget planning and is able to make a reasoned and specific budget for the cultural event by using appropriate sources and calculations. The student can do the necessary payroll management in event budgeting and take into account VAT when creating the budget. The student is able to critically evaluate the event budget planning and to take into account the potential risk factors when drawing up the budget.

Assessment criteria, approved/failed

The student is able to use spreadsheet software for the financial management of event production. They know the basic principles of drawing up a budget and know how to make a budget for a cultural event. The student knows what legal issues should be taken into consideration when budgeting salaries and how to take into account the VAT in event budgeting.