Financial Resource Management : Sport, Tourism, and Leisure Services.

Format:

Book

Author/Creator:

Brayley, Russell.

Contributor:

McLean, Daniel.

Language:

English

Subjects (All):

Budget.

Leisure industry.

Physical Description:

1 online resource (327 pages)

Edition:

3rd ed.

Place of Publication:

Urbana : Sagamore Publishing, L.L.C., 2019.

Summary:

This book, 'Financial Resource Management: Sport, Tourism, and Leisure Services,' is an essential guide for managers in the sport, tourism, and leisure industries, focusing on the effective use of financial resources. It provides comprehensive insights into budgeting, financial planning, and fiscal management, crucial for the success of organizations in these sectors. The authors, Russell E. Brayley and Daniel D. McLean, draw from their extensive experience in the United States and Canada to offer practical examples and strategies for managing budgets, generating revenue, and achieving financial objectives. The book is designed for professionals seeking to enhance their financial management skills and for those keenly interested in continuous improvement in the field. Generated by AI.

Contents:

Cover

Title page

Credits page

Dedication

Contents

Preface

About the Authors

SECTION A: Financial Management in Context

CHAPTER 1 Sector and Industry Comparisons

Introduction

Public Sector Enterprises

Focus: Leisure Service Organizations in the Public Sector

Private Nonprofit Enterprises

Focus: Leisure Service Organizations in the Private Nonprofit Sector

Commercial Enterprises

Focus: Sport Organizations in the Commercial Sector

Focus: Tourism and Commercial Recreation Organizations

A Comparison

Cross-Sector Competition and Cooperation

Summary

References

CHAPTER 2 Functions and Organization

Functions

Organization

SECTION B: Budgeting

CHAPTER 3 Budgeting Basics

Budget ConstructionGuidelines

Determining Costs:Three Examples

Budgeting for Contingencies

CHAPTER 4 Budget Preparation

Budget Processes

Funds

Budget Presentation Format

Budget Preparation Activities

Reviewing Budget Estimates at the Departmental Level

Additional Resources

CHAPTER 5 Budget Formats

Common Budget Formats

Object Classification and Line Item Budgets

Program Budget

Performance Budget

Running Budget

Zero-Based Budgeting

Modified Zero-Based Budgeting

Budget

CHAPTER 6 Budget Presentations

Purposes of Budget Presentations

The Written Budget Document

Presenting the Budget

SECTION C: Accounting and Reporting

CHAPTER 7 Financial Status Reports

Stock and Flow

Internal Control

Efficiency Reporting

CHAPTER 8 Planning Reports

Cash Flow Analysis

Ratio Analysis

How Financial Reports Relate to Each Other

Summary.

SECTION D: Revenue Generation

CHAPTER 9 Revenue Sources

Types of Income Sources

Compulsory Income Sources

Gratuitous Income

Earned Income

Investment Income

Contractual Receipts

Partnerships andCollaborations

Revenue Structure Plan

CHAPTER 10 Pricing

Purposes of Pricing

The Appropriateness and Feasibility of Pricing

The Nature of Price

Approaches to Establishing Price

Calculating Costs for Unit Pricing

Other Considerations in Establishing Price

Sensitivity to Changes in Price

CHAPTER 11 Revenue Management

Definition

CHAPTER 12 Grantseeking

Why Pursue Grants?

The Granting Environment

The Grantseeking Process

CHAPTER 13 Philanthropy and Fund-Raising

Philanthropy

Charitable Organizations

Fund Development

Fund-Raising Sources

Goal Setting, Relationships, and the Gift Pyramid

Goal Setting

Gifting: How Many Donors Are Required?

Fund-Raising Strategies

Retention of Donors

Selecting Fund-RaisingStrategies

How Technology Is Impacting Philanthropy

CHAPTER 14 Sponsorship

Causes of Sport Sponsorship Growth

Setting Sponsorship Objectives

Sponsorship: The Corporate Perspective

Sponsorship Acquisition: The Sport Organization'sPerspective

Selling the Sponsorship Opportunity

The Sponsorship Proposal Document

Marketing Benefits of Sponsorship

Evaluation

SECTION E: Investment

C H A P T E R 1 5 Entrepreneurship

Definition of Entrepreneurship

The Importance of Entrepreneurship

Myths about Entrepreneurs

The Characteristics of an Entrepreneur

Entrepreneurship-Self-Assessment.

Entrepreneurship in Sport, Tourism, and Leisure Services

C H A P T E R 1 6 Capital Budgeting

Benefits of Capital Budgeting

The Capital Budgeting Process

Capital Improvement Revenue Sources

Bonds

Other Capital Improvement Revenue Sources

Capital Budgeting in the Commercial Sector

CHAPTER 17 Business Planning

Format of the Business Plan

CHAPTER 18 Economic Principles

Supply and Demand

Estimating Supply and Demand

Inflation

Interest

Future Value

Present Value

Depreciation

Economic Impacts

APPENDICES

Index.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

ISBN:

9781571679420

1571679421

OCLC:

1223087156