Appreciating the Full Cost of Running a FM Station

Many people imagine that the main cost incurred in running a FM station is that of paying for frequencies. But the truth is that there is more to running a FM station, in terms of expenses, than just paying the frequency rentals.

For one, in running a FM station, huge labor costs are incurred. The presenters, technical staff and administrative staff in these sorts of stations tend to demand that they be paid like royalty, and labor costs can end up being very huge.

Secondly, in running a FM station, huge house rent (or property tax) costs are incurred. This is, of course, with the exception of a situation where the station happens to be a community station, housed in buildings owned by the community sponsoring it.

Thirdly, in running a FM station, huge insurance costs are incurred. The buildings housing the station, for instance, have to be insured. Then the station’s automobiles have to be insured. And as you can see, upon requesting for a free insurance quote from this website, such automobile insurance costs can be very considerable. Yet the alternative to operating without incurring them is that of having the vehicles run around without insurance which is imprudent, as it can land the company behind the FM station into legal problems.

Roles You Will Have to Play as an FM Radio Station Accountant

If you get a job as an FM radio station accountant, you will find yourself having to play a number of roles.

The first role you will have to play, as an FM radio station accountant, is that of ensuring that the revenues that the station gets are banked in the right way. If, say, the station has its account at Capital One bank, it is almost a certainty that you will be having to visit the www.capitalone.com login page on a daily basis, to obtain a statement for cash book reconciliation purposes.

The second role you will have to play, as an FM radio station accountant, is that of ensuring that the revenues that the station gets are used in an efficient way.

The third role you will have to play, as an FM radio station accountant, is that of ensuring that the assets and liabilities of the station are well managed.

Finally, as an FM radio station accountant, you will be acting as a de-facto financial advisor to the station’s management team (of which you will also probably be a part). This is where the units in economics you studied as part of your accountancy qualification will become relevant and useful.