Intermediate Production Accounting & Tax Credits

DATES

All sessions will be held on Saturdays from 10 AM to 4 PM (approx) via Zoom. Because the learning is cumulative, commitment to all three sessions is highly recommended.

  • January 29, 2022
  • February 5, 2022
  • February 12, 2022

IMPORTANT NOTE: If you have taken the Production Accounting & Tax Credits module of the Media Business Essentials program as taught by Lisa Broadfoot and Lori MacIndoe (in early 2021), please know that this course will follow the same format and basic curriculum, but will delve deeper into each of the topics.

**YOU MUST HAVE ACCESS TO EXCEL SOFTWARE TO PARTICIPATE IN THE EXERCISES IN THIS PROGRAM**

‍REGISTRATION DEADLINE

Registration deadline: Wednesday January 26, 2022 (11:59pm Toronto time).

 

 

ABOUT

This 3-day workshop provides you with in-depth and practical information on production financing and accounting.

  • Create a budget, a financing plan and cash flow reports
  • Understand tax credit eligibility requirements
  • Get hands-on experience fulfilling required elements of applications to Ontario Creates, CAVCO and CMF—from development to final reporting
  • Learn how to wrap production financials

IMPORTANT NOTE: If you have taken the Production Accounting & Tax Credits module of the Media Business Essentials program as taught by Lisa Broadfoot and Lori MacIndoe (in early 2021), please know that this course will follow the same format and basic curriculum, but will delve deeper into each of the topics.

Our Intermediate Production Accounting and Tax Credits Workshop delves deeper into the role of the Production Accountant and the staff of a typical production accounting department.

In this workshop series, you will participate in interactive discussions and exercises covering the methods and procedures used by a media production accounting department.

You will also learn about business structures, budgets, cash flows, controlling costs through cost reports, the workflow of the accounting department, applying for and estimating the refundable tax credits, and the eligibility requirements and application processing for funding agencies such as the Canada Media Fund.

IMPORTANT NOTE: If you have taken the Production Accounting & Tax Credits module of the Media Business Essentials program as taught by Lisa Broadfoot and Lori MacIndoe (in early 2021), please know that this course will follow the same format and basic curriculum, but will delve deeper into each of the topics.

YOU MUST HAVE ACCESS TO EXCEL SOFTWARE TO PARTICIPATE IN THE EXERCISES IN THIS PROGRAM

ELIGIBILITY

The WIFT Toronto Intermediate Production Accounting and Tax Credits workshop series is recommended for those who have moderate/working knowledge of production accounting and/or financing. People who have taken the Production Accounting and Tax Credits and/or the Business Affairs and Finance module in our Media Business Essentials intensive will find this workshop builds on those modules.

This workshop is open to ALL; WIFT Toronto members and non-members.

Please note that this workshop is not affiliated with any training required to upgrade your accounting department category in the Directors Guild of Canada.

IMPORTANT NOTE: If you have taken the Production Accounting & Tax Credits module of the Media Business Essentials program as taught by Lisa Broadfoot and Lori MacIndoe (in early 2021), please know that this course will follow the same format and basic curriculum, but will delve deeper into each of the topics.

**YOU MUST HAVE ACCESS TO EXCEL SOFTWARE TO PARTICIPATE IN THE EXERCISES IN THIS PROGRAM**

FEES

WIFT Toronto Members: $350 (+ HST)

Non-Members: $475 (+ HST)

 

SESSIONS & INSTRUCTORS

INSTRUCTORS

All sessions in this workshop will be led by Lisa Broadfoot and Lori McIndoe, CPA, CGA

 

Lisa Broadfoot (Vice President, Business Affairs & Production Financing - Boat Rocker Media)

Lisa Broadfoot has worked in the Canadian film and television industry for over 20 years; she has been an Executive Producer in commercial production, a producer and production manager for documentary feature films and television, and a business affairs and production finance professional in documentary, live-action scripted drama, factual, and animated productions.

Lisa joined Boat Rocker Media in 2017 from DHX Media (now Wildbrain) where she had been Director of Production Finance and Operations. At Boat Rocker she oversees production financing for its slate of kids and family and animated productions. She works closely with Boat Rocker’s animation studio, Jam Filled Entertainment, negotiating production service contracts with clients such as Nickelodeon, Spin Master, Mattel, and Netflix, and with Boat Rocker’s Kids & Family division, putting together financing packages, maximizing Canadian financing opportunities, and advising on eligibility requirements and regulatory affairs for Boat Rocker properties like Kingdom Force, The Next Step, and Remy and Boo.

Lisa is an active member of the Canadian Media Producers Association (CMPA) and the Computer Animation Studios of Ontario (CASO) and currently sits on the CMPA’s Regulatory and Kids and Animation Committees. She has a Bachelor of Arts and Master of Arts in English Literature from McGill University.

 

Lori McIndoe, CPA, CGA (SVP Finance & Studio Operations - Jam Filled Entertainment)

An experienced professional accountant, Lori McIndoe has spent her entire career working in finance and operations in the Canadian film and television industry.

Hired by Breakthrough Entertainment as a self-taught part-time bookkeeper in the early 2000s, she held various accounting and finance roles with the company and earned her Certified General Accountant designation in 2008 (now a Chartered Professional Accountant), before moving on from the company as Director of Finance in 2018.

Lori joined Jam Filled Entertainment (under the Boat Rocker umbrella) in 2018 as VP Finance, Animation Services, overseeing the finance and accounting function for its studios in both Toronto and Ottawa. In 2019, she played a key role in the opening of Jam Filled’s third animation studio in Halifax, Nova Scotia, while also adding the remit of Studio Operations to her position.

She has worked extensively in accounting across corporate, development, production, distribution and digital media, on both Canadian content projects and productions services work. Lori also holds an Honours Bachelor of Science degree from Queen’s University in Mathematics and Physics.

 

SESSIONS

Day 1: Business and Structure

This day will begin with a review of the business structures typically found in the screen-based industry, with a concentration on the structure and workflow of the Accounting Department. Using a real life document as the basis for the workshop’s Case Study, elements of the budget, stages of production and cost reporting will be the focus of the day through discussion and exercises.

 

Day 2: Funding and Tax Credits

Using the case study built in Day 1, this day will dig deeper into the various types of funding involved in production. Topics for a fuller discussion include: which genres are eligible for various forms of funding, key elements of the Ontario and Federal Tax Credits, completing Ontario and Federal tax credit calculations, and navigating a completing the Ontario and Federal Labour Schedules.

 

Day 3: Production Package and Financing

This day brings all the elements learned in the previous two days together into a final production package. By the end of the program participants will be able to: complete a cash flow for a production. Develop a final production package for audit. Understand the financial statement treatment of a final production and be able to complete a CAVCO application.