MEETING THE DEMAND FOR TRAINING IN HIGH END TELEVISION DRAMA AND FUNDED BY THE HETV LEVY FUND
This course has been designed specifically to help meet a shortage of skilled Production Accountants in the Drama sector. It is set at introductory level and you do not need to be already working in television. It will also benefit TV professionals looking to step up into the role or who may be looking to move into this genre of production. (You will need to undertake basic book-keeping training if you want a career as a Production Accountant but it is not essential for this course.)
The two day course has been created in collaboration with Creative Skillset and Big Talk Productions and you will get an insight into the following areas:
- Basic Structures Of A Production. This will be of special interest to outside finance staff. It will explain how a production gets off the ground and explore the relationship between productions and the production company. It will cover the hierarchy of film crew and how productions time manage efficiently across the duration of a production.
- Role of the Production Accountant. This will explain the relationship between the accountant and the production. For example, working to a Line Producer and to a Head of Production. It will examine how an accountant manages the flow of financial information from crew through to the company. We will look at the character required to succeed in the role: being approachable, tenacious and efficient.
- Understanding The Budget. Looking at the essential tools for managing the accounts and how to work with a Line Producer. The course will explain Movie Magic and how it is converted into a Cost Report.
- Cost Reporting. This section will examine the structures and detail required in cost reports. We will explain the importance of keeping on top of all financial information plus what to do when things go wrong, the importance of P.O’s and financial commitments.
- Cash Flow. The importance of managing payment deadlines and balancing income against outgoings. Some Broadcasters like Sky and ITV will require Cash Flow projections and management. Occasionally the Production Company does this work, but more often than not it falls to the Production Accountant.
- Financing Structure – An awareness of how and when funds flow. Certain criteria can be attached to some funds (for example, the Northern Kicker fund) so it requires certain reporting requirements from the Production Accountant. Different Broadcasters may have conditions attached to certain spend categories.
- SPV Company Set Up. The legal entity will be set up for you but you may have to apply for VAT registration, PAYE etc.
- Delegation And Roles Within The Accounts Department.
- HMRC Guidelines. Knowing in detail the grades that are PAYE/Schedule D and understanding the HMRC Guide for Film, Television and Production Industry Guidelines.
- Requirements for Tax Credit. This will include what determines core expenditure, exclusions, statutory accounts requirements, etc.
- The Auditor’s Role. Including the provision of accounts for tax credits.
- Insurance. Ensuring it is in place and dealing with claims.
- VAT and PAYE inspections.
- Dealing With Foreign Crew and Talent. Including understanding Foreign Entertainer Tax rules.
- Legal Requirements of Production Accountants.
- Basic Insight into Book-Keeping on High End Dramas.
You will meet key industry experts and guests speakers and we hope the course will inspire you to seek opportunities within the Drama sector. We will, where possible, make introductions to production companies and we will also explore mentoring opportunities in collaboration with Creative Skillset.
Grand Scheme Media has established a reputation for delivering low cost and inspirational training in a range of TV skills. Our company is lead by two former commissioning editors and executive producers with practical experience of working on a very wide rante of sucessful productions.
Sharon Martin, who has helped design the course, has been Big Talk’s Finance Director since 2008. She has seen the company growing fivefold in this period. She has also overseen the sale of Big Talk to ITV Studios in 2013. Prior to her time at Big Talk, she was International Finance Director for Ogilvy & Mather and Grey Advertising under the WPP Group of companies.
The course leader for Belfast will be announced shortly.
Big Talk Productions is one of Britain's most successful producers of Television and Film. Their programmes include FRIDAY NIGHT DINNER (now in it's 5th series), COLD FEET, MUM, HOUDINI & DOYLE, the BAFTA award winning REV and HIM & HER.
Film productions include MAN UP, HOT FUZZ, CUBAN FURY, SHAUN OF THE DEAD and Edgar Wright's new film BABY DRIVER, out later this year.