Advanced Fiscal Management

Course Description:

This course is intended to provide students with advanced concepts of financial management as applied to the unique industries of parks, recreation, tourism, and sport management. Emphasis will be placed on understanding how the receipt, disbursement, and utilization of funds can foster sustainability within these types of organizations. Additionally, this course will focus on developing the skills necessary to apply ethical financial analysis principles through financial risk management.

Learning Objectives:

Students will:

• Learn advanced financial theories as related to parks, recreation, tourism, and sport management organizations

• Apply analytical techniques and principles of budgeting to enable sustainability

• Discuss and apply current financial practices as they relate to the generation, consumption, and disbursement of funds

• Discuss and apply ethical financial analysis to the current economic situations within parks, recreation, tourism, and sport management organizations

Reflection:

Unlike many other cohorts, this was our first course in the program. This course was beneficial for me on different levels. First, as an employee of a government entity (Mecklenburg County Park and Recreation Department), this course was extremely relevant as it delved into public funding and managing of assets. Secondly, this course provided practical knowledge for me, as I was actively establishing an Independent Interscholastic Preparatory Athletic Program, during the start of the program (fall ’18). As the course delved into financial theories, practices, budgeting, and financial analysis, it proved invaluable while establishing sound financial practices for this newly established sports program.