Financing for Recreation and Sports Management
General
Prefix
REC
Course Number
418
Course Level
Undergraduate
Department/Unit(s)
College/School
College of Health and Wellness Professions
Description
Financial requirements in Recreation Administration and Sport Management including budgeting, bonds, grants, fundraising, sponsorship, and fiscal accountability.
Prerequisites
Credits
Min
3
Max
3
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Discuss of basic accounting principles.
Outcome
Define financial terminology.
Outcome
Analyze fiscal accountability procedures and financial statements.
Outcome
Describe principles of budgeting and advantages and disadvantages of budget types and formats.
Outcome
Develop an organizational operating budget and financial statements.
Outcome
Discuss capital budgeting and capital improvement planning.
Outcome
Describe sources of revenue.
Outcome
Analyze the use of taxes, bonds and levies as revenue streams.
Outcome
Analyze grants, fundraising and sponsorship as revenue streams.
Outcome
Analyze the use of concessions, merchandising and ticket sales as revenue streams.
Outcome
Develop funding proposal for a recreation and sport management organization.
Dependencies
Programs
REC418
is a
completion requirement
for: