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CEM - Finance, Budgeting and Contracts - Feb 2019

From: February 12, 2019 to February 12, 2019
From: 8:30 AM to: 4:30 PM
Walter E. Washington Convention Center

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Program Description:
Understanding the application of accounting, finance and budgeting fundamentals allows the exhibition organizer to make a greater contribution to the growth and financial success of the organization. It is essential the exhibition organizer know the terminology used in financial management to develop a budget and manage the financial strategies of the exhibition. A well-developed and well-administered budget is crucial to enabling the exhibition organizer to accurately project and monitor income and expenses, track cash flow and cost controls and ultimately measure the success of the event and the organization's return on investment. 

After completing this course, the participant should be able to:

  • Identify and define customary exhibitions and events revenue and expense sources.
  • Design practical fee structures for registration, exhibits, sponsorships and advertisements.
  • Understand basic accounting principles.
  • Create an exhibition or event budget.
  • Understand fundamental contract terms and principles.
  • Understand the importance of proper contracts for exhibitors, facilities and vendors.
  • Identify key elements in financial statements used by the exhibition organizer.
  • Interpret financial statements to demonstrate the value of the exhibition.
  • Discuss payment methods and currency considerations.
  • Manage the master account.
  • Prepare and manage cash flow statements; manage and control cash.
  • Calculate return on investment (ROI).
  • Discuss the importance of cancellation and performance clauses.
  • Explain force majeure and how it may impact an exhibition.
  • Create a list of possible concessions and how those concessions are determined.
  • Define the terminology in standard hotel and facility contracts.
  • Give examples of provisions and clauses considered for inclusion in hotel and facility contracts.

 

Registration: Click here for registration details.

 

Questions: For questions related to this event, please contact IAEE DC Chapter Administration at iaeedc@myassociationhq.com or call 888-919-4677

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Click Here to Download the CEM PDF Brochure

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IAEE Members say...

IAEE Members say...

  • I am a member of IAEE, and particularly the DC chapter of IAEE, because it is one of the most rewarding and fulfilling experiences I have ever encountered in this Industry. My membership with IAEE has taken me to places that I only dreamed of! Because of IAEE, I have been able to teach CEM classes all over the country and in other parts of the world! The Networking opportunities and the camaraderie of belonging to the DC chapter are HUGE benefits of membership. If I had to prioritize where to spend my “marketing dollars,” my first choice would be with IAEE.
    B. Murphy
    Senior National Sales Manager, Fern Exposition Services
  • I have been a member of IAEE for over 30 years, starting with the early NAEM days, to IAEM, and now through IAEE. Throughout this journey, the DC chapter has provided me with invaluable networking opportunities and educational experiences thanks to the incredible peers I've encountered. My interactions within and beyond the chapter have significantly contributed to my growth and have played a crucial role in shaping me into the successful professional I am today at Freeman. Freeman has collaborated with the local chapter in various capacities, and we have greatly valued the opportunity to support and work alongside such exceptional leadership. Our shared commitment is to deliver the highest quality service and education to our customers, incorporating the latest trends and data to ensure mutual success.
    Susan D Haning, CEM, CMP
    Industry Relationships Director, Freeman
  • As someone deeply passionate about the world of exhibitions and events, being a part of IAEE holds immense importance to me. I have been a part of the organization for many years and have made some incredible connections and made some valuable friendships along the way. Because of IAEE, I have had the opportunity to teach globally and to have very special experiences that I will always appreciate. I highly recommend that if you are in the industry, you should be involved with IAEE!
    Josie Zámolyi Caldwell, CEM-AP, DES
    Senior Client Relationship Director, Freeman

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