Film Accounting – Fresh and Fun CPE
July 13, 2014 Leave a comment
A few years ago the Connecticut Film Tax Credit Administrator, Ed Ruggiero, asked me to deliver a workshop to CPA’s who were interested in performing audits of film productions for the CT State Tax Credit. I did just that, successfully helping several local CPA’s understand the Film Industry and Film Accounting much better. However, subsequent scheduling of workshops for CT CPA’s was difficult. As a result, I put together 4 online courses as a substitute to a live workshop.
LET YOUR PEERS DO THE TALKING
Online courses have an earned reputation as being rather boring, slow and sometimes downright monotonous. Most of us would rather have a live workshop during the workweek, with lots of interaction among the other attendees and the instructor. However, getting to the workshop location, and breaking away from the office, aren’t always possible – for you or for me. So, how do you evaluate which online CPE course to take? The easiest way is to check out what your peers have said about the courses.
EVALUATION OF MY ONLINE COURSES HAVE A SCORE OF 100%
At the end of each online course qualifying for CPE I ask the student if the “stated objectives of the course” were met. There has never been a “No” yet…. that’s 100% of the time every student has said that the stated objectives were met. Several students also had other good things to say.
A SAMPLE OF ADDITIONAL COMMENTS MADE BY STUDENTS
1. Film Accounting and Auditing – An Overview
- “Yes. Great introduction of the role the production accountant will play within the overall film production life-cycle.”
- “Yes – it was pretty much an overview. I feel I have a much better understanding of film accounting now.”
- “Yes! Very easy to follow. An excellent intro to the industry.”
2. Film Accounting and Auditing – The Basics
- “Yes, great to see the various sample forms. The workflow charts are also very helpful.”
- “Yes, the detailed explanations of the various forms, as well as the general ledger software, were very helpful.”
- “Yes, very useful. I now have a sound understanding of the basic principles of production accounting.”
3. Film Accounting and Auditing – Intermediate
- “Yes. Great explanation of the inter-relationships between the various reports and overview of the audit plan.”
- “Yes. Enjoyed the course and learned a great deal about auditing productions.”
For more detailed information about the online courses see http://www.filmaccounting.com/filmaccounting-cpe.htm
If you would like to see the stated objectives of the courses I have listed them below, along with links to short YouTube videos describing each of the course’s content.
– John has worked on over 50 film and television productions in 6 countries since 1985 on productions big and small. For more information on his credentials see http://www.filmaccounting.com/filmaccounting-cpe.htm
An Overview – The Learning Objective Met By 100% of the Students: The participant will understand the overall business cycle of the Film Industry with specific attention on the workflow, general terminology and film industry specific accounting practices of Film and Television Production. No advanced preparation is required. See this short video reviewing the content of this course.
The Basics Course – The Learning Objective Met By 100% of the Students: The participant will be familiarized with the film production processes, forms and control points of a usual film production. With this knowledge the participant will be “up to speed” with the books and records of a usual film or television production. No advanced preparation is required. See this short video reviewing the content of this course.
The Intermediate Course – The Learning Objective Met by 100% of the Students: (Prerequisite: An Overview) The participant will understand the interaction among the production entity, the approved budget, the production documents (Call Sheets, Daily Production Reports, etc) and the Final Cost Report – prepared by the film production accountant, this is the document audited for film tax credit certification. From this understanding an external auditor will be able to plan the tax credit audit with an understanding of all industry specific factors. No advanced preparation is required. See this short video reviewing the content of this course.
The Advanced Course – The Learning Objective Met By 100% of the Students: (Prerequisites: An Overview and Intermediate)The participant will have an understanding of various State requirements to certify the production for Tax Credit purposes. From this understanding participants can confidently comply with their own particular locale’s certification requirements. The categories closely examined are Qualified Expenses (Payroll, Non-Payroll, Real Property) as well as Related Party Transactions, Ownership and Sources of Funds. No advance preparation is required. See this short video reviewing the content of this course.