For some reason, the semester I did this subject was a total mess compared to what I'd heard from other people who did the subject before me. There were 80 students in one class, with no option for multiple tutorials. The staff also expected us to already understand finance and budgeting and would not give us any useful help. There was way too much advanced content taught to us in a way that was not engaging in the slightest.

This subject introduces students to the fundamentals of financial management and budgeting in arts organisations. Commencing with an examination of the principal financial reports the subject takes students through the nature and type of transactions undertaken by arts organisations, how these transactions are recorded in financial statements and the steps necessary to prudently manage arts organisations. In the second half of the semester students examine the preparation and evaluation of financial budgets in arts organisations. Specifically students address the budgeting process, budget preparation and the use of financial and performance measurement systems.