Training in Film Production Accounting is designed to improve financial management and help reporting process efficiency. Call for applicants is open for people who already have experience in accounting and work with finance, equally recommended for film professionals who previously were in charge of finances. It is aimed to provide an introduction to film production process and solid knowledge on finance structuring and financial management of international films and co-productions. Managing Film Incentives in Serbia will be specially addressed.
When: August, 2nd – 5th, 2018
Lecturer: Lucy Drake
Working language: English. Number of participants limited.
You should bring your laptop.
Detailed agenda is available here.
What you will learn:
- An overview of how decisions are made for funding international co-productions, why Serbia is attractive place to film and crew and department roles and responsibilities
- How to manage accounting systems and financial reporting that work for the Serbian Government and the international co production
- Breaking down a film budget and relation with production team
- Overview of financing, tax credits, cash flows and production services agreements.
- Prep – How to set up international co production and service production, including, taxes, studio procedures manuals, bank accounts, tax credit estimates
- Shoot – Communication of costs, including purchase orders, contracts, forecasting, cost reports
- Wrap – Agreement of final costs, audit & final paperwork
Who is this course for:
- Experienced and junior accountants working in film sector
- Accountants with a strong ambition to establish further career in film sector
- Production Assistants
- Production managers will be able to participate on day 2
By the end of this course participants will learn about the management of costs and requirements before film production – setting up a team, meeting the expectations of financiers, reporting types, way tracking costs, legal aspects and cash flows, and also how to apply their knowledge in the field of film. They will be able to prepare budgets, set up and manage accounting systems, deal with bank finance and completion guarantors, finalize all financial records relating to the production, and to arrange an independent audit.
Lucy Drake is a freelance production accountant but also provides consultancy, training and coaching in the film and TV industry, as she is a Course Leader at the National Film and TV School. Lucy took a degree in Performing Arts, specializing in Arts Administration, and followed this by qualifying as a Chartered Accountant. This combination of arts and accounting defined her future path as a Drama Production Accountant, where she worked on a broad range of productions; credits including East Enders, Holby City and Silent Witness. She progressed to Senior Production Accountant at the BBC, mentoring and training Production Accounts teams across all production genres. Her passion and experience in the industry led her to be a founding committee member of the industry wide Production Accounting Forum and co-authored their Best Practice Guide to Production Accounting website. She also develops and runs training programmes for various organizations including NFTS, The Production Guild, BBC, Moneypenny and Universities. As a freelancer she provides production accounting support for film and TV; her latest project were series of three films under the umbrella name of Intrigo, where she worked as Financial Controller, but has also worked on a number of other productions including Spooks – The Greater Good for Pinewood Films, The 9th Life of Louis Drax for Miramax, and Wheeler Dealers for Discovery.
To attend training please submit your registration through THIS LINK.
Deadline: July 26th, 2018
Registration fee: 150,00 EUR
For all additional information contact us by email firstname.lastname@example.org or call 00 381 11 4059961. This project is supported by UNDP.