Book Publishing Financials

Catalog description

Understanding the key financial components of all book publishing formats is critical for those in the industry. In this course, students examine the practical application of business principles for managing each function in a book publishing company (both small and large). Based upon the knowledge gained from Introduction to Book Publishing and Multimedia Financial Analysis, this class uses the income statement as a point of departure for showing how the daily application of editorial, production, marketing, sales, and fulfillment impact the financial statements of the publishing company. Students learn how companies can maximize revenues and profitability using these strategies and principles and similarly, how to use the financial statements as strategic management tools. Students also explore the financials of Print-on-Demand, self-publishing and other formats.