For those seeking a career in sport and recreation management, this course will provide fundamental theory in finance and accounting for entities and organizations providing sports-related programs and services.
Students will come to understand the basics of feasibility studies, strategic financial planning, different forms of ownership, taxation, and analytical techniques for financial decision making.
For any business or ministry, financial management is necessary for providing successful and ongoing programs or events. This course will present God’s model of stewardship through sound financial management principles.
Money is a topic on which the Bible has much to say. How we manage money as sport and recreation managers should reflect the scriptural imperatives on finances.
As believing sports management professionals approach financial responsibilities within organizations, they should operate according to the stewardship principles scripture offers for the oversight of someone else’s property.
Whether providing a sport experience or sport as entertainment, the uniqueness of this field requires specific application of the principles taught. Our examples will be taken from current events and practices from the sports industry.
Financial and accounting principles vary around the world necessitating that we become familiar with different methods and emphases in other countries.
Various sectors of the sport and recreation industry will be examined and students will be asked to apply basic financial management concepts to issues within the industry.
A detailed financial management plan for a real or fictitious sport business or ministry will be required of each student.
