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Meadows Offers First Finance Course for Artists in Fall 2011

New "Arts Budgeting and Financial Management" class provides credit towards two new minors

In fall 2011, for the first time, a financial course is being offered at the Meadows School: Arts Budgeting and Financial Management (AMAE 3305). The course was developed as part of the new minors instituted this year in both Arts Management and Arts Entrepreneurship.

The Arts Management minor focuses on professional arts organization management, with an emphasis on understanding the practical issues facing today's arts managers - whether it's running the AT&T Performing Arts Center or marketing a Broadway show. The minor in Arts Entrepreneurship provides students an overview of how to develop and launch a new arts venture, either for-profit or nonprofit - such as starting a dance company that works with inner-city youth or creating an online business that links composers and investors.

Financial savvy is critical to success, and the new class will teach concepts and processes specific to for-profit and not-for-profit organizations:
*Responsibilities for financial management
*Key financial concepts
*Financial management issues of importance to not-for-profit organizations
*Budget development and monitoring for arts organizations
*Principal tax issues

"This is not an accounting class," says instructor Maureen Mixtacki. "It is an accountability class. It is about telling your organization's story in numbers, recording the financial history of your organization, and helping your organization's stakeholders accomplish a mission."

The new minors in Arts Entrepreneurship and Arts Management are two of the six new minors being offered in the Meadows School of the Arts beginning with the fall 2011 semester; the other four are Fashion in Media, History of the Visual and Performing Arts, Creative Computing, and Intermedia Theory and Practice. The purpose of the new minors is to give students the chance to pursue interdisciplinary degrees that make use of the unique resources available at SMU and in the city of Dallas.

For more information, contact the instructor at MMixtacki@msn.com or visit http://www.smu.edu/Meadows/AreasOfStudy/ArtsManagement/UndergraduateStudies.aspx.

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