Monday, 14 January 2013
Financial
Finance is the 'science' of funds management and involves a lot of responsibility. In media, the cost of production would lie within the finance, and it would be someones responsibility to control how much money is going on to making a film or television program. These people are called film accountants, they manage the budget and must keep a financial record of what is being spent on film production. They work very closely with the film producer and production staff to prepare schedules and budgets. The skills that make an accountant, become a film accountant is the training of accountancy, plus experience in the media and film productions. They also need to have a good knowledge of government regulations. Film accountants work freelance, so they only work when they are required to. The level of experience required depends on the size and scale of each production. For example, your making a film that's expected to make millions at the box office. So for this large scale production, you would require a highly experienced accountant to safely and efficiently manage the budgets for the film.
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