Certificate of Advanced Studies: Accounting for Creatives

You'll learn to interpret key financial documents such as balance sheets, profit and loss statements, contribution margins, cash flows, and essential financial ratios. By grasping the overall relationships between profitability, liquidity, and company structure, you'll see the "big picture" in accounting.

The course helps you comprehend the economic and accounting impacts of business decisions. In the first module, you'll build a solid foundation in accounting principles. In the second module, you'll deepen your competencies by developing your own business plan as part of a project, applying your knowledge in practice. This experience enables you to implement financial insights effectively in your organization or startup ventures.

Accounting for Creative Leaders" is primarily aimed at employees in the creative industries who want or need to understand the economic and accounting implications of decisions within a company. Participants receive an overview and insights into the most important elements of accounting—balance sheets, profit and loss statements, contribution margins, cash flow, key figures, etc.

By attending the module, participants develop the "big picture" in accounting and controlling; they understand the overall relationship between profitability, liquidity, and the structure of a company. The program is designed to understand the impacts of economic actions within a company and to apply the acquired knowledge, especially in their own startups. After laying the foundational principles of accounting and controlling in the first module, participants deepen these competencies in the second module and develop their own business plan as part of a project.

Your Foundation Modules

• Module 1: Accounting and Controlling:
• Balance Sheet
• Profit/Loss Account
• Income Statement
• Contribution Margin Costing
• Cash Flow Statement
• Profit Plan
• Finance Plan
• Budgeted Balance Sheet
• Ratios / KPIs
• Module 2: Business Planning and Business Development:
• Business Planning
• Budgeting
• Planning Cycle
• Budget Compilation
• Forecasting
• Plan/Actual Comparison
• Extrapolation
• Revised Forecast