Curricula

Objective

The object of the course
This course serves as a foundation and introduction to finance and accounting theory within the sport industry. This course builds gradually on the discipline of finance and accounting theories. It also provides the preparedness to recognize and discuss current financial issues in sport. This course is a part of Sport Business Fundamentals module.

After completing this course, you will understand the special nature of operational environment in sports business to ensure financial success of sports club. You are familiar with the importance of finance and accounting theory within the sport industry. You demonstrate an understanding of financial terms and concepts and apply this business framework to the sport environment. You will identify the role of accounting and financial data in sport decision making.

Course competences
Business Competence: The student is able to utilise knowledge-driven leadership to support decision-making.

Proactive Development: The student solves problem situations creatively and reforms operating methods together with others. The student is able to seek customer-oriented, sustainable and economically viable solutions, anticipating the future of their field.

Sustainable Development: The student is able to use information related to their field in finding, implementing and establishing sustainable solutions and operating models.

The learning objectives of the course
After completion of the course, you show some ability to analyse and evaluate both academic and business information relevant to sport finance and accounting. You are able to solve problems related to sport finance and accounting and take into account the different operating environments as well as the special nature of sport.

You are able to work and manage the challenges together with others. You are able to seek customer-oriented, sustainable and economically viable solutions creatively for sport finance and accounting challenges. You are able to utilize data and knowledge-driven leadership to support decision-making. You consider sustainability when finding, implementing and establishing solutions for problems related to sport finance and accounting.

Content

An introduction to concepts and theories in sport finance and accounting, such as financial statements, funding of sports, basics of sports accounting and investments, budgeting and predictive financial planning and control.

Assessment criteria, satisfactory (1)

Sufficient 1
You attempt to analyze and evaluate academic and business information relevant to sport business and sport finance and accounting. You show some but narrow skills in developing solutions related to sport finance and accounting. You are able to transmit to a limited extent your and your team’s ideas and findings. You show some but low-level skill in participating in teamwork. You are able to name some very basic sustainability considerations.

Satisfactory 2
You have some ability in order to analyze and evaluate academic and business information related to sport business and sport finance and accounting. You are able to develop sport finance and accounting solutions to sport organizations and you are familiar with current trends in sport finance and accounting, but the approach is not supported with argumentation. You are able to get your main message through when presenting your and your team’s ideas and findings. You show some skill in participating productively in teamwork. You are able to name some sustainability considerations related to sport finance and accounting.

Assessment criteria, good (3)

Good 3
You are able to evaluate relevant academic and business data and consider possible approaches and outcomes for sport business and sport finance and accounting. You show analytical skills and logical thinking with justifications in developing sport finance and accounting solutions to sport organizations. You are familiar with current trends in sport finance and accounting, and you discuss solutions for arising problems. You are able to create and present your and your team’s ideas and findings. You know how to contribute in a productive way in teamwork. You are able to name some sustainability considerations related to sport finance and accounting.

Very Good 4
You are able to analyze business data with possible outcomes related to sport business and sport finance and accounting. You propose well justified solutions for business challenges related to sport finance and accounting. You are familiar with current trends in sport finance and accounting, and you are able to utilize this information in your development solutions. You can work and communicate your and you’re your team’s ideas and findings professionally. You show self-critical skills in participating productively in teamwork setting and demonstrate teamwork skills.  You are able to name major ethical considerations of sport organizations and their sport finance and accounting.

Assessment criteria, excellent (5)

Excellent 5
You can propose well justified business solutions on principal level. You have sport finance and accounting skills needed in sport organizations. You propose well justified solutions for business challenges related to sport finance and accounting. You are familiar with current trends in sport finance and accounting, and you are able to utilize this information in your development solutions. You can argument and present your and your team’s ideas in a convincing manner. You have assessed thoroughly your contribution in teamwork setting and possess teamworking skills. You are able to promote sustainability considerations and discuss their meaningful applications for sport organizations.

Materials

Stewart, B. (2015). Sport Funding and Finance, 2nd Edition. Available as e-book in Jamk Library.
Wilson, R. (2011). Managing Sport Finance, 1st Edition. Available as e-book in Jamk Library.


Additional articles and reading materials.

Further information

The course is mandatory for Sport Business specialization students.