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Sport Finance 2nd Edition
This new edition grounds students in the real world of financial management in sport, showing them how to apply financial concepts and appreciate the importance of finance in sound sport management and operations.
Sport Finance, Second Edition, grounds students in the real world of financial management in sport, showing them how to apply financial concepts and appreciate the importance of finance in sound sport management and operations. Designed for sport finance courses in a sport management curriculum and aligned with the requirements set forth by the National Association for Sport and Physical Education (NASPE) and the North American Society for Sport Management (NASSM), this text distinguishes the skills and principles of finance from those of economics. It also:
- allows students to apply information in whatever segment of the sport industry they will be working in—including professional franchises, college athletics, local clubs, and retail settings;
- includes expanded coverage of business structures, the time value of money, and ethical guidelines and issues in auditing;
- presents updated examples, references, and case studies, giving students contemporary examples and adequate coverage of core concepts; and
- helps students new to sport finance comprehend the subject by including chapter objectives, easy-to-follow figures and tables, summaries, and discussion questions.
As an added benefit to instructors, this second edition includes a wealth of ancillary materials to help make the topics more comprehensive to students. An expanded instructor guide, including tips on explaining topics that students often find difficult and a primer on basic finance concepts, plus an updated PowerPoint presentation and new test package are conveniently offered online. To further engage students, the authors use numerous real-world examples and five case studies that are referred to throughout the book. These studies—in professional, college, private business, manufacturing, and not-for-profit settings—represent the breadth of the sport world where finance is a critical component of success. Whenever possible, the case studies are analyzed with the use of financial data obtained from real businesses or government entities, providing a practical foundation for students to build on.
Sport Finance, Second Edition, allows students to grasp fundamental concepts of finance and accounting, even if they have not previously studied those areas. By analyzing business structures, income statements, and funding options, students not only will learn basic finance and accounting, but they will also understand how those skills are used in the world of sport. This real-world application of the text will help students apply financial concepts in their future careers and will allow professionals to further develop strategies and investment plans in the industry.
Part I introduces students to the basic issues, concepts, and systems of sport finance. Part II delves into financial analysis, planning, and the time value of money. In part III, students focus on obtaining funding and learning about stocks and bonds. Part IV explores capital budgeting and financial management. Through a discussion of taxation, legal issues, and spending earnings, part V takes a closer look at how businesses can increase their profits. Finally, part VI explains the auditing process as well as what happens when a business needs to close.
With the increased spending in today’s sport organizations, it is important to have a solid understanding of sport finance. Sport Finance, Second Edition, will provide students at all levels with the fundamental finance and accounting concepts they need to help raise, manage, and spend money in sport settings.
Additional Information
400 pages
Contents
Chapter 1. Financial Issues in Sport
Chapter 2. Basic Financial Concepts
Chapter 3. Financial Systems and How They Operate
Chapter 4. Business Structure
Chapter 5. Financial Statements, Forecasts, and Planning
Chapter 6. Time Value of Money
Chapter 7. Approaches to Financial Planning
Chapter 8. Obtaining Funding
Chapter 9. Capital Stocks
Chapter 10. Bonds
Chapter 11. Capital Budgeting
Chapter 12. Short-Term Financial Management
Chapter 13. Inventory and Production Management
Chapter 14. Taxation and Legal Issues
Chapter 15. Spending Earnings
Chapter 16. Auditing
Chapter 17. Exit Strategy
Audiences
A text for upper-undergraduate students taking courses in sport finance, sport financial management, sport business, and related courses; may also be used as a reference in auditing and finance for sport organizations.
Supplementary Instructional Materials
All ancillary materials for this text are FREE to course adopters and available online at www.HumanKinetics.com/SportFinance.
Instructor guide. Specifically developed for instructors of Sport Finance, Second Edition, the instructor guide includes the instructor guide includes a student syllabus as well as chapter outlines for the instructor. The chapter outlines contain a summary, lecture aids, in- and out-of-class activities, additional readings, and teaching tips.
Test package. Created with Respondus 2.0, the test package includes more than 300 multiple-choice questions. With Respondus, instructors can create versions of their own tests by selecting from the question pool; select their own test forms and save them for later editing or printing; and export the tests into a word-processing program.
Presentation package. The presentation package for Sport Finance, Second Edition, includes more than 300 PowerPoint slides that present the text information in an easy-to follow format and instructors can use for class discussion and demonstration. Several tables from the book are included in the presentation package to help further student understanding.
The slides in the presentation package can be used directly in PowerPoint or can be printed to make transparencies or handouts for distribution to students. Instructors can easily add, modify, and rearrange the order of the slides as well as search for images based on key words.
Developer / Author(s)
Gill Fried, Steven Shapiro, Timothy DeSchriver
Gil Fried, JD, is professor and chair of the management department at the University of New Haven. He worked as a financial analyst with Paul Kagan Associates and analyzed numerous broadcasting contracts to determine their value. In addition to writing the first edition of this book, he has written numerous articles, taught graduate and undergraduate courses in sport finance, and lectured on finance topics to various audiences. Besides his teaching, he coordinates the graduate program in management of sports industries at the University of New Haven. Dr. Fried enjoys playing badminton and softball and being involved in his community.
Steven Shapiro, PhD, is professor and chair of the department of economics and finance at the University of New Haven. Dr. Shapiro worked as a senior economist for the New York Telephone Company and as a research analyst for the Antitrust Division of the U.S. Department of Justice. He has also worked for various management consulting firms as an analyst doing economic and statistical analysis on projects for federal agencies. A coauthor of the first edition of this book, he has taught undergraduate and graduate courses in economics and finance for 18 years. He has also written articles on antitrust, litigation economics, and other financial topics. In his leisure time, Dr. Shapiro enjoys hiking and photography.
Timothy D. DeSchriver, EdD, is an associate professor in the department of health, nutrition, and exercise sciences at the University of Delaware in Newark. Dr. DeSchriver has worked as a field economist for the U.S. Department of Labor, and for 12 years he has taught undergraduate and graduate instruction in sport finance and sport economics. He coauthored the book’s first edition and has also authored several sport finance–related publications in refereed journals. Dr. DeSchriver participates in road cycling, mountain biking, and hiking in his spare time.
Editor(s)
N/A
| Product Code / ISBN |
N/A |
| ISBN13 (if applicable) |
9780736067706 |
| Issue / Publication Date |
Jan 2008 |
| Product / Publication Type |
Hardback |
| Developer / Lead Author |
Gill Fried |
| Model / Edition |
2 |
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