| | Accounting for Film Productions
Joburg: 11 - 12 August, NFVF Houghton
Durban: 25 - 26 August, KZN FC Berea
Cape Town: 21 - 22 September, Wesgro, City Centre
Introduction
The South African Feature Film industry has seen steady growth over the past few years with 25 South African films released into cinemas in 2013. Films such as “Oh Shucks Your Country Needs You” and “Nelson Mandela: Long Walk to Freedom” grossed in excess of R20M at box office.
Aided by the DTI’s rebate programme and the competitive Rand/Dollar exchange, South African investors and producers are faced with tremendous opportunities for investments and to grow the local industry with funding from international sales agents and film financiers.
With this growth there is unfortunately a shortage of skills in some of the more critical areas and most important of these are production accountants. The aim of the Accounting for Film Productions Workshop is to equip filmmakers, accountants and anyone interested in film budgeting and accounting with the necessary knowledge and skills to become production assistant accountants and production accountants. This will assist meeting the shortage of production accountants in the film & television industry and give accountants as well as bookkeepers the opportunity of entering the film and television industry.
Key Objectives:- An unique course in partnership with Moneypenny South Africa
- Equips participants with specialist skills required to work as Film and Television Production Accountants.
- Gain the expertise to succeed in this demanding role.
Role of accounting in film productionsProduction Accountants calculate finances, work out the cost of a production, communicate with financiers (companies or individuals who provide the funding) and control the cash flow, or spending. This is a demanding role that requires a level head, self-confidence and strong communication skills.
In pre-production, Production Accountants help the Producers and Production Managers to prepare budgets and Estimated Final Cost Reports.
During production, they oversee all payments, manage payroll, petty cash and foreign currency and keep accurate financial records. They help monitor budgets, analyse spending and provide daily or weekly cost reports. They also produce cost forecasts to evaluate the impact of any production changes.
A critical task of accountants in film productions is auditing the final expenses of film productions which are a key deliverable for financiers, completion gaurantors and tax incentives.
Workshop Content:- Production set up and implementation of systems
- Budgeting
- Sources of Finance and treatment of funds
- Completion Guarantors
- Cash flow, Forecasting and Cost reporting
- Taxation and insurance.
- Pre production, Production and Post Production
- Production Audits
Key outcomes from the workshop
- You will have a clearer understanding on the film industry and how it works
- Understand the process of producing a feature film
- Have a clear understanding of the roles and responsibilities of a production accountant and assistant accountant
- Manage a production budget
- Do a production audit
- Understand how film tax incentives work as a source of financing
- Manage a film production payroll
- Will be able to work on production accounting software
- Start a career as a production assistant accountant and then a production accountant once you have gained sufficient experience
Who should attend
• Anyone who wants to know how to manage a production budget or work as a film accountant
• Experience or education. If you basic numeracy skills, a strong desire, and you have some basic skills in Excel and Word software, you
qualify.
• Producers, Line Producers or anyone who want to strengthen their abilities to manage costs of a larger film production.
• Accountants who want to include production accounting as part of their services
• Accountants who need to audit the books and records of a film or television production have found this very practical grass-roots training
invaluable.
Dates:
Durban: 25 - 26 August, KZN FC Berea
Joburg: 11 - 12 August, NFVF Houghton
Cape Town: 21 - 22 September, Wesgro, CBD
Brought to you by
In association with
Hosted by
Speaker Profiles
 '
Jane Fry
Jane Fry is the head of Film Finances South Africa. Film Finances is the world's largest completion bond gaurantor and has bonded movies such as Mandela: Long Walk to Freedom, Chappie as well as The Giver in South Africa. Before joining Film Finances, Jane was the financial director at Endemol South Africa. Jane brings more than 20 years of finance experience to the Accounting for Film Productions Workshop.
Shamila Phillips
Shamila has worked for Moneypenny since 2008. Moneypenny is one of the world's leading providers of production accounting software. Before joining Moneypenny, Shamila worked as production accountant for more than 10 years. Currently her role includes providing production accounting services to larger productions as well as payrol services to many productions. Shamila brings a wealth of experience to the workshop.
|
|
