Law & Finance for Creative & Cultural Businesses - TFT00086M
- Department: Theatre, Film, Television and Interactive Media
- Credit value: 20 credits
- Credit level: M
- Academic year of delivery: 2022-23
Module summary
In this module you will enhance your knowledge and understanding of key legal issues affecting creative and cultural industries working environments - such as intellectual property, copyright and contract law - and you will also learn how to create a financial plan for your business. The module combines theoretical learning with practical application. Students will apply problem-based learning to real-life case studies to apply critical thinking and develop their decision-making skills. The module will apply legal frameworks and financial planning to a range of creative and cultural sectors including: theatre, music, the visual arts, museums, interactive digital media, TV, and film.
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Spring Term 2022-23 |
Module aims
This module aims:
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To gain knowledge about legal frameworks and finance as they apply to business practices in creative and cultural business environments.
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To understand the basics of financial planning, investment and risk management as they apply to creative and cultural businesses.
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To critically assess how laws and regulatory frameworks govern, affect and support organisational and working practices in the creative and cultural industries
Module learning outcomes
At the end of this module students will be able to
1- Demonstrate knowledge of the legal frameworks and regulations as they apply to business practices in creative and cultural business environments
2- Understand the main principles of financial management and decision-making practices, such as investing, costing, budgeting and risk management of capital investment
3- Apply and critically evaluate the application of legal regulations and financial management principles to business environments in the creative and cultural industries.
Module content
Introduction to law
The employment relationship
Intellectual and artistic property rights
Defamation and libel
Dispute resolution
Introduction to business structures and accounting systems
Financial statements
Financial decisions and investment appraisal
Budgeting and risk management
Costing and working capital management
Indicative assessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 100 |
Special assessment rules
None
Additional assessment information
Formative assessment is embedded into weekly 2 hour seminar sessions in the module
Indicative reassessment
| Task | % of module mark |
|---|---|
| Essay/coursework | 100 |
Module feedback
Feedback to students : Students will receive feedback as per university guidelines.
Indicative reading
Arnold, G., Peng, B., Lewis, D., (2019) Corporate Financial Management
Jefferson, M. (2018) Employment Law Concentrate: Law Revision and Study Guide
Laws, W. (2021). Essential Tort for SQE1. Chapter 19. Introduction to Defamation.
McLaney, E., Atrill, P. (2015) Accounting and Finance an Introduction