tailieunhanh - Lecture Special events: Creating and sustaining a new world for celebration (7th edition): Chapter 5 - Joe Goldblatt
Chapter 5 - Sustainable financial leadership. In this chapter, the learning objectives are: Understand basic event planning financial and accounting terminology, maintain event financial records, understand and interpret the event balance sheet and income statement,. | Special Events, 7th Edition Creating, Sustaining, and Celebrating a New World Professor Joe Goldblatt, FRSA Chapter Five: Sustainable Financial Leadership Chapter 5 Agenda Photo by the Author. Agenda Animated introduction Opening Activity: Chapter Four Review Chapter Five Book Report Chapter Five Mini case study discussion ten Global event thought leader Lena Malouf Assignments Questions, answers, and discussion 3 Key Terms Account Codes: The enumeration system listed in the far left column of the budget to allow you to easily track income and expense. Accounts Payable: Funds that are due from you to others for work orders, delivered or performed. Accounts Receivable: Funds due to you from others for work you have agreed to perform or have performed. Barter: Where the event company accepts a in–kind equivalent product or service in lieu of cash. In the case of a hotel client this may mean rooms or food and beverage credit. Budget: The tool that forecasts, manages and helps control . | Special Events, 7th Edition Creating, Sustaining, and Celebrating a New World Professor Joe Goldblatt, FRSA Chapter Five: Sustainable Financial Leadership Chapter 5 Agenda Photo by the Author. Agenda Animated introduction Opening Activity: Chapter Four Review Chapter Five Book Report Chapter Five Mini case study discussion ten Global event thought leader Lena Malouf Assignments Questions, answers, and discussion 3 Key Terms Account Codes: The enumeration system listed in the far left column of the budget to allow you to easily track income and expense. Accounts Payable: Funds that are due from you to others for work orders, delivered or performed. Accounts Receivable: Funds due to you from others for work you have agreed to perform or have performed. Barter: Where the event company accepts a in–kind equivalent product or service in lieu of cash. In the case of a hotel client this may mean rooms or food and beverage credit. Budget: The tool that forecasts, manages and helps control income and expenditure for the event. 4 Key Terms (cont’d.) Deposit: A portion (usually 75 to 90 percent) of the total final amount due to the event planning company. Hold Back: A small portion (usually 10 percent or less) held back from the total fee amount due to the event planning company until the work is performed. Payables and Receivables: Money that is due to others such as suppliers and money that is due to the event organization such as sponsorship fees, registration and advertising income. Venture Philanthropy: Investment from private organizations who desire a social return on their investment rather than a financial one. Therefore, if a venture philanthropist provides your event organization with $10,000, they may desire evidence that you have made a significant contribution to the social welfare of your stakeholders. 5 Chapter Four Review Identify different management styles Solve problems with a five-step system Use mirror etiquette and e-etiquette Improve communication .
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