MUSE 6980 - Museum Finance 3 s.h.

Regardless of an individual’s role in the museum, an understanding and appreciation of museum finances is essential. This class will explore the major financial issues currently facing museums, how museums are funded and how they spend their funds, the problems encountered in trying to balance mission and finances, and the role of staff and trustees in financial management. Students will learn to read financial statements and understand basic terminology and reporting documents. Development and management of operating budgets will be emphasized, and students will be asked to analyze and interpret actual budgets. As the major project and working in teams, students will develop and defend a major operating budget in a mock board of trustees meeting. A-E Only.
Prerequisite(s): MUSE 5200 .