Financial Management Of Sport Organizations 2

In order to make good decisions managers need good information. Students learn how managerial accounting differs from financial accounting in purpose, scope, and by intended user group. Global business practice requires more quality at better cost from every firm. The classifications of costs, cost behaviour and calculations are used to understand the accumulation of costs for various forms of organizations. The cost-volume-profit method is used to understand the problems of pricing and planning for sport organizations. Students learn how managerial accounting helps to control operations, and aids in sound decision making. Emphasis is placed on the controlling of costs, profit analysis, forecasting and budgeting.