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Financial resource management : sport, tourism, and leisure services

Author: Russell E Brayley; Daniel D McLean
Publisher: Urbana, IL : Sagamore-Venture, [2019] ©2019
Edition/Format:   Print book : English : 3rd editionView all editions and formats
Summary:
"Effective managers in sport, tourism, and leisure service organizations are required to have a wide variety of skills and a good understanding of all of the resources that they manage; they must know how to use their financial resources effectively. Budgeting and long-term financial planning are areas of understanding and skill that every sport, tourism, and leisure service manager must develop and magnify.  Read more...
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Document Type: Book
All Authors / Contributors: Russell E Brayley; Daniel D McLean
ISBN: 1571679413 9781571679413
OCLC Number: 1057868794
Description: xvii, 307 pages : illustrations ; 26 cm
Contents: Section A: Financial management in context --
Sector and industry comparisons --
Functions and organization --
Section B: Budgeting --
Budget basics --
Budget preparation --
Budget formats --
Budget presentation --
Section C: Accounting and reporting --
Financial status reports --
Planning reports --
Section D: Revenue generation --
Revenue sources --
Pricing --
Revenue management --
Grantseeking --
Philanthropy and fund-raising --
Sponsorship --
Section E: Investment --
Entrepreneurship --
Capital budgeting --
Business planning --
Economic principals.
Responsibility: Russell E. Brayley and Daniel D. McLean.

Abstract:

"Effective managers in sport, tourism, and leisure service organizations are required to have a wide variety of skills and a good understanding of all of the resources that they manage; they must know how to use their financial resources effectively. Budgeting and long-term financial planning are areas of understanding and skill that every sport, tourism, and leisure service manager must develop and magnify. Financial Resource Management has been written with the needs of the sport, tourism, and leisure service manager in mind. The authors have worked in a variety of sport, tourism, and leisure settings in several different parts of the United States and Canada and have discovered that there is no place to hide from the opportunity or responsibility to know about budgets, finance, and fiscal management. Financial Resource Management is a must read for the mathematically challenged, for the pre-professional, for the professional who received on-the-job training, and for the professional who is keenly interested in and dedicated to continuous improvement. Readers will learn important principles of economics and finance. They will also learn the skills necessary to prepare, present, and manage budgets, as well as generate revenues for capital development and day-to-day operations. Discussions include examples from the "real world" and offer illustrations to facilitate the learning of some of the more complex or technical points."

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