This module provides learners with the ability to apply the various concepts of the broad discipline of financial management, in a realistic manner, in any modern sport context or organisation. By introducing and applying a range of appropriate techniques, based on recognised financial theories, this module develops a critical awareness and appreciation of the role of financial management in modern sport organisations.

Topics covered

• The role of financial management in a sports organisation
• Using key financial instruments (Part 1): balance sheets
• Using key financial instruments (Part 2): profit and loss statements; cash flow forecasts
• Using key ratios for sport
• Using budgets and techniques for financial forecasting
• Using KPIs and internal control systems
• Applying key principles of financial planning
• Investment appraisal techniques and risk analysis

Learning outcomes

By the end of the module you will be able to:

• explain the main terminology and concepts used in financial management.
• apply these concepts to decision making in sport organisations.
• correctly record, report and budget for the financial consequences of, transactions and events.
• critically analyse, interpret and use financial statements and reports in decision making.

Assessment

• One two-hour unseen written examination (100 per cent)