Tutors:
Oliver Callaghan, IOP Publishing
Paul Campbell, Elsevier
Overview:
What do all those financial terms mean? Can you make any sense of the financial information provided to you? This course will provide an in-depth look at journal finances with an overview of profitability, revenue streams and expenses.
Programme:
- Understanding profit and loss statements
- Journal budgeting
- The balance sheet and cash flow
- Financial ratios
- Reforecasting
- Your finance director's perspective
- Journal publishing: future financial challenges
Learning objectives - by the end of the course delegates will be able to:
Review the financial performance of journals; play a greater role in financial matters; understand financial terminology; interpret and question profit and loss accounts and balance sheets; understand the annual cycle for budget and pricing decisions; understand and better influence a finance director's perspective; and develop a better appreciation of how new business models might impact on journal finances.
Who should attend:
This course is designed to provide an introductory overview for non financial managers with responsibilities in journal publishing (eg publishing editors, managing editors and marketing managers) or to serve as a refresher for more experienced staff wanting to update their knowledge. The course will also be relevant to all publishing staff whose activities impact on overall journal profitability e.g. product managers, production editors.
The course is practical with worked examples (calculator required!). This course is not suitable for qualified accountants.
Delegate comments:
'Really interesting - will definitely help me out. '
Jessica Rutt, Nature Publishing Group
'Good overview of areas of finance applicable to journals management - how to understand financial statements and to spot when things go wrong.'
Kathryn Wilson, Cambridge University Press
'It was a very good introduction to financial reports and how to read them in relation to journals publishing. Perhaps include more description of terms.'
Jacqueline Clark, Cambridge University Press
'Very clear thorough explanations and the tutors made a rather dry subject very engaging.'
Jennifer Boyd, Oxford University Press
'I wanted to demystify journal finances as a relative newcomer and was not disappointed.' Michael Alexander, European Society of Cardiology
'Exercises very useful to consolidate what had been taught.' Lara Dora, Professional Engineering Publishing
'Excellent introduction to journals finance for anyone involved in publishing.' H. Slater, New Phytologist
'Both speakers were excellent, and very approachable. The content was very clear.' S. Maloney, Royal College of Obstetricians and Gynaecologists
'Good introduction to the important areas of the discipline, helpful and well informed speakers. Excellent speakers, v. helpful and understanding.' D. Mole, Mineralogical Society
'This course was perfect as an introduction to a newcomer.' Aske Muuh-Jorgensen, Wiley-Blackwell
'Very useful course for someone new to publishing.' Christine Evans, Science Reviews 2000
Further Information:
Barbara Holmes: telephone +44 (0)1993 772 727; email
Amanda Whiting: telephone +44 (0)1865 247776; email
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