Financial Management for the Arts
No matter what role you play in a cultural organization, understanding its financial foundation is critical to your and the organization’s success. This course is designed to provide that basic understanding. Using real-world examples, you will explore how cultural institutions finance themselves and how they price services, manage funds, and comply with financial laws and practices. Learn how to think critically about revenue opportunities from an organization’s admissions, memberships, food services, retail, and intellectual property. You will acquire a basic understanding of cultural organization accounting and its impact on day-to-day decision-making. The role of the board is discussed, as are current trends in institutional financing. This course may be used to fulfill the requirements of the Certificate in Arts Management.
This course is delivered in an online, self-paced (asynchronous) format. The instructor interacts with students and facilitates group discussions within NYU’s online learning platform. There are weekly deadlines for lesson and assignment completion.
You'll Walk Away with
- Enhanced management skills for use at arts institutions and nonprofits
- An understanding of financial principles
- Prospective and practicing arts professionals
- Art enthusiasts