Finance for the Arts in Canada

by Heather Clara Young

Finance for the Arts in Canada is a unique Canadian reference guide, self-study resource and textbook for the accounting and financial management functions in not-for-profit cultural organizations.

Written by a liberal arts grad, this outstanding book delivers excellent instructional value in clear, elegant prose. Young’s comprehensive approach to the technical aspects of cultural management yields an indispensable resource for anyone concerned with the financial success of their organization.


Finance for the Arts in Canada is an essential tool for:

  •     General Managers and Executive Directors
  •     Business Managers and Administrators
  •     Accountants and Bookkeepers
  •     Any Manager with Budget Responsibility
  •     Artistic Directors
  •     Treasurers
  •     Presidents
  •     Boards of Directors
  •     Arts Management Instructors
  •     Arts Management Students
  •     Finance for the Arts in Canada features:
  •     Straightforward, step-by-step explanations of core accounting and finance tasks
  •     Double-entry bookkeeping
  •     Financial statement preparation
  •     The accounting cycle
  •     Documentation and records-keeping
  •     Mid-year and year-end reporting
  •     The financial planning cycle
  •     Practical tips and techniques for excellent financial management
  •     Effective budget preparation
  •     Successful financial control strategies
  •     Sound cash management
  •     Appropriate financial reporting methods
  •     Healthy relationships with boards, funders, lenders and other stakeholders
  •     Powerful analytical tools
  •     Constructive management during deficit and surplus situations
  •     Essential contextual information
  •     Legal framework of not-for-profit and charitable organizations
  •     Comparison of commercial and not-for-profit management approaches
  •     Generally accepted accounting principles
  •     Glossary containing 200+ definitions of key accounting and financial terms
  •     Numerous end-of-chapter questions with answers
  •     Test your comprehension
  •     Test your practical skills
  •     Refresh your basic arithmetic

Special thanks to Theatre Ontario and Humber College for spearheading a project funded by the Cultural Careers Council of Ontario, which helped to support the creation of this book.


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