THP 500 Lecture Notes - Lecture 2: Making Money, Investment

• School: Ryerson University
• Department: Performance
• Course: THP 500
• Professor: Sholem Dolgoy

Document Summary

What is a budget: a budget is an estimation of revenues and expenses over a specified future period of time; it is compiled and re-evaluated on a periodic basis. Among companies and organizations, a budget is an internal tool used by management: budgets are approved by the board, we are discussing a project budget (a budget for a specific show) as opposed to an operating. Internal tool: it should be formatted and filled out in a way that is useful to you it is not necessarily meant to be shared. Expenses vs revenues: you want to be able to propose a balanced budget between expenses and revenues, the temptation is to work from the top down (revenues are on top) Budget structure: section headings (revenue or expenses, sub-headings (categorizations, line items (a single row, only use line items that are relevant to your show feel free to add/subtract line items as necessary, totals and sub-totals.