Gain financial management skills specific to the cultural sector that will contribute to the success of your organization.
While museums and other heritage and arts organizations exist to contribute to the cultural, artistic and creative quality of community life, they rely on thoughtful business planning and effective financial management to achieve their goals. This course is suitable for anyone involved in planning and management within a cultural organization. Through this course, participants will build their understanding of the complex economic and legal contexts in which organizations operate. They’ll also strengthen their knowledge, skills, and confidence in business and financial planning, management and performance assessment. Participants are encouraged to consider their own organizations (or ones that they are familiar with) as a case study to explore:
the nature and values of not-for-profit cultural organizations
business planning as a framework for setting goals, priorities, and strategies
financial management cycles, budgeting, and resource allocation - forecasting revenues and expenditures
internal controls, evaluation, and audit legal and ethical issues
using financial information for effective grant writing
The course is designed to provide you with a set of planning and analysis documents that you will be able to integrate into your organization. We will address the challenges faced in developing mission-led, financially sustainable cultural organizations and explore the opportunities for advancing new business practices and funding sources.
Note: as you should be familiar with basic bookkeeping techniques, this topic is addressed through advance readings. Excel is a key tool for financial management so a basic knowledge of this spreadsheet program is also valuable.
Though not required, prior experience in a cultural organization would be an asset for success in this course. Please contact the Program Office if you have any questions or concerns.
This course may be available online. Students login to the course and communicate with the instructor and fellow students via the Internet. All assignments and course activities are submitted electronically to the course instructor.
Using mobile devices in online courses
If you are planning on accessing your online courses using a mobile device such as a tablet or a smartphone, please note that not all required course features will be accessible with these devices. To fully function in your online courses, you will need to have access to a computer running Windows or MacOS.
Students wishing to withdraw from a course—for any reason—must do so by contacting the program office at firstname.lastname@example.org. Do not drop yourself from the course via either My Page on the main UVic website or My Account on the Continuing Studies website.
Participants may be entitled to a partial refund, depending on date of course drop:
Last day for 100% reduction of course fees:
Last day for 50% reduction of course fees:
Last day for withdrawing from course without penalty of failure:
Credit vs non-credit
Credit refers to degree credit. If you are taking a course or program for credit through UVic Continuing Studies, it means that course or program provides credit towards a degree at UVic or another authorized university. Credit students have to meet certain criteria, such as being accepted to both UVic Continuing Studies and the University of Victoria.