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This half-day workshop covers the creation and the management of financial plans for
different sorts of events. It gives the methodology to create a realistic financial scenario
and the tools to implement it.
The tutor’s experience in spotting areas for unexpected
financial losses and unrealistic costing or pricing, are an invaluable part of the workshop.
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WHO SHOULD ATTEND
Conference managers and organisers, not necessarily with a strong
financial background, but involved or responsible for the conference or
events financial outcome. Financial managers with limited experience of
the dynamics of conference and events finance would also benefit from
the workshop. |
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PART ONE
Planning your finances
Realistic financial scenarios for conferences and events: |
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What is sufficient money?
Where could it come?
Understanding costing.
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Budget structures.
Fixed and variable costs.
How much for your organising time?
Handling VAT.
Pricing delegate fees, sponsorship and exhibition space.
Balancing your books and the ‘go’ decision.
Insurance. |
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PART TWO
Creating and managing budgets
Creating the budget.
Break-even and profit and loss projections.
Managing and updating the budget during the life of the project.
Danger areas for unexpected losses.
Invoicing, monitoring and chasing income, avoiding bad debts.
Working with suppliers and managing cash flow.
Reconciliation and preparation of Final accounts. |
