Copyright Wiley 20081 Special Events Fifth Edition The Roots and Wings of Celebration Dr. Joe Goldblatt, CSEP Chapter Five.

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Copyright Wiley Special Events Fifth Edition The Roots and Wings of Celebration Dr. Joe Goldblatt, CSEP Chapter Five

Copyright Wiley Agenda Welcome and review of previous session. Mini lecture covering current chapter, case study and best practice Activity such as debate or discussion of case study and best practice Session review Questions, answers, discussion, and announcements Assignment for next session Adjournment

Copyright Wiley 20083

4 Financial Administration Budgeting: for profit, break even, loss leader or hosted event Reasonable projected income Typical expenses Fixed Variable

Copyright Wiley Profit Profit = Revenue – Expenses Fixed overhead expenses Variable Expenses Break-even point = total fixed costs Contributional Margin

Copyright Wiley Ensuring Positive Event Cash Flow Accounts Receivable Accounts Payable Controlling Purchases

Copyright Wiley Foreign Exchange Rates Price of one currency expressed in another currency. Market conditions Government policy.

Copyright Wiley Frank Supovitz Senior Vice President of Events National Football League

Copyright Wiley Copyright ©2008 John Wiley & Sons, Inc.

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