MSC IND 10A
Finance and Accounting in Music Industry I
Description: Lecture, three hours. Introduction to how money works in both nonprofit and for-profit music industries, including practical management of funds, budgeting (including tour budgets), fee scales, servicing agreements, issues pertaining to trade unions, and various modes of accounting for salary, royalties, local and international taxation, streaming revenues, licensing payments, and other income and expenditure. Letter grading.
Units: 4.0
Units: 4.0
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Most Helpful Review
Fall 2023 - Many of his assignments he loves to assign include little to nothing relevant to the music industry. The most we discuss about music is within our discussion post in which he makes us take the readings he has assigned and contextualize them. He does not do this himself. Some of these “assignments” are also simulations in which most people are just pressing buttons, do not want to pay for them, and are irrelevant to the course. He does not include these in the syllabus for us to budget for the costs of these materials as well. Which is ironic considering this is a finance and accounting course. The last of these simulations we did was a negotiation simulation in which we were put either in the role of a recruiter or interviewee. This simulation experience was pointless and irrelevant to anything we “learned” in the class. With nothing to do with finances, it made zero sense as to why students would pay for these simulations. As well, with not being included on the syllabus, he still expected everyone to buy them and had little sympathy for anyone who could not afford them. Lack of experience and push of self learning stays present as like I mentioned, he rambles. In return, he goes on to say he makes asynchronous lectures for our benefit to discuss actual finance. This indicates he is self aware, but not willing to change the way he teaches the class. In return, it is unclear whether watching these is required or not. He says he checks to see who is watching them and that he can see, seemingly as a threat to take participation points, but also says we don’t have to watch them. These videos are him going through meaningless slides in which he just restates everything in the readings. Not contextualizing anything into these videos.
Fall 2023 - Many of his assignments he loves to assign include little to nothing relevant to the music industry. The most we discuss about music is within our discussion post in which he makes us take the readings he has assigned and contextualize them. He does not do this himself. Some of these “assignments” are also simulations in which most people are just pressing buttons, do not want to pay for them, and are irrelevant to the course. He does not include these in the syllabus for us to budget for the costs of these materials as well. Which is ironic considering this is a finance and accounting course. The last of these simulations we did was a negotiation simulation in which we were put either in the role of a recruiter or interviewee. This simulation experience was pointless and irrelevant to anything we “learned” in the class. With nothing to do with finances, it made zero sense as to why students would pay for these simulations. As well, with not being included on the syllabus, he still expected everyone to buy them and had little sympathy for anyone who could not afford them. Lack of experience and push of self learning stays present as like I mentioned, he rambles. In return, he goes on to say he makes asynchronous lectures for our benefit to discuss actual finance. This indicates he is self aware, but not willing to change the way he teaches the class. In return, it is unclear whether watching these is required or not. He says he checks to see who is watching them and that he can see, seemingly as a threat to take participation points, but also says we don’t have to watch them. These videos are him going through meaningless slides in which he just restates everything in the readings. Not contextualizing anything into these videos.
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