Sports Leadership Finance and Stewardship

Catalog description

This course will prepare leaders within the sports and recreation industries to interpret financial reports and to develop insights that will enable them to make and to participate in strategic decisions. Students will acquire an understanding of the accounting cycle, how financial statements are constructed, and how they can support managerial and leadership decisions. They will interpret financial statements, draw constructive conclusions about the financial health of organizations, and use ratio analysis and other techniques to develop recommendations for corrective or developmental action. Students will evaluate potential sources of external funding and the impact of decisions on a sports and recreation organization's finances. They will apply discounted cash flow principles and techniques to inform capital budgeting and other strategic decisions. Students will also apply principles of biblical stewardship and accounting ethics to financial problems. Prerequisites: MOL-525 and MOL-530