Belhaven final exam schedule 2019

SPORT FINANCE AND

BUDGETING

MSA 643

Online Studies Syllabus

© Belhaven University | October 2019

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Course Description This course is an overview of financial analysis that advances decision-making in the modern

sports industry. This course is intended to show students the format and content of annual

financial statements, cash budgeting, ratio analysis, time value of money and the application

thereof. The purpose of this course is to give a broad overview of the fundamental finance and

accounting concepts to provide a strong framework in developing business finance strategies.

Student Competencies  Identify the Christian principles of honesty and the deleterious effect of greed as they

relate to financial reporting and ethical business practices.

 Formulate a Christ-centered approach to money management.

 Understand the different types of business structures.

 Compare different types of financial markets.

 Describe the purpose and content of financial statements.

 Understand how the basic financial statements articulate to each other

 Understand the importance and derivation of a cash budget

 Discuss the use of financial statement ratios analysis to evaluate the financial condition and operating performance of a business entity.

 Identify the concept and application of the time value of money.

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Assessment Criteria In terms of the outcomes and evaluation procedures, your understanding of the course subject

matter and a Christian Worldview as prescribed by Belhaven University will be evaluated.

During the course, your learning will be assessed through discussion questions, written

assignments, and/or abstracts/critiques applicable to textbook subject matter and Christian

Worldview applications. A final assessment will be assessed through End of Semester Portfolio

and Final Exam as outlined on the syllabus that incorporates the Christian Worldview and course

subject matter.

Assignments Units Points Possible

Writing Assignments Units 1-6 240

Unit Quizzes Units 1-6 120

Discussions Units 1-6 240

Final Portfolio Paper

Due by Friday at 11:59 p.m.

Unit 7 200

Final PowerPoint Presentation

Due by Saturday at 11:59 p.m.

Unit 7 100

Final Examination (Covers Chapters in Unit 7: 3, 7, and 14) Unit 7 100

Total 1000

Grading Scale:

930+ A 93-100%

900-929 A- 90-92%

870-899 B+ 87-89%

830-869 B 83-86%

800-829 B- 80-82%

770-799 C+ 77-79%

730-769 C 73-76%

700-729 C- 70-72%

670-699 D+ 67-69%

630-669 D 63-66%

600-629 D- 60-62%

0-599 F 0-59%

Resource Inventory

Fried, G., DeSchriver, T. D., & Mondello, M. (2020). Sport finance (4th ed.). Champaign, IL:

Human Kinetics.

ISBN 13: 978-1492559733

The Holy Bible (New Living Translation)

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Financial Calculator: Students should purchase a Texas Instruments (TI) BAIIPlus financial

calculator (there is an app for iPhones for $14.99) or a TI83-86 graphing calculator for use in

solving the assigned problems in various chapters of the textbook. There are instructions for the

graphing calculators. Google “finance apps on the TI83” and click on one of the sites.

Each student will be responsible for understanding how to operate the calculator of his or her

choice relative to the solving of the applicable problems assigned for homework.

Articles listed on Course Home Page

Baade, R. A. & Matheson, V.A.(2011). Financing Professional Sport Facilities. International

Association of Sport Economists. Retrieved from

http://college.holycross.edu/RePEc/spe/MathesonBaade_FinancingSports.pdf

Diedrich, C. (2007). Homefield Economics: The Public Financing of Stadiums. Policy Matters.

4(2). 22-27. Retrieved from

http://policymatters.net/issue/PolicyMatters_Spring_2007.pdf

Hitchcock, M. (nd). Welcome to Petco Park: Home of Your Enron by the Sea Padres

Retrieved from

http://www.law.berkeley.edu/sugarman/PETCO_Park_and_the_Padres_____Mark_Hitc

cock.pdf

Knight Commission on Intercollegiate Athletes. (2009). College Sports 101. Retrieved from http://www.knightfoundation.org/media/uploads/publication_pdfs/2009_KCIA_College_Sports

101.pdf

Suggested Readings

BusinessWeek on a weekly basis. Street and Smith’s SportsBusiness Journal.

Mumcu, C., & Fried, G. B. (2017). Analytics in Sport Marketing. Sport Management Education

Journal, 11(2), 102-105.

Parlow, M. J. (2002). Publicly financed sports facilities: Are they economically justifiable? A

case study of the Los Angeles Staples Center. University of Miami Business Law Review,

10(3), 483-545.

Support Journal

International Journal of Sport Finance

Belhaven Online Resources:

Research Articles: Locate articles by accessing the link and following to Academic Search

Premiere.

http://bcblazenet.belhaven.edu/Blazenet/Library/Library.aspx

http://college.holycross.edu/RePEc/spe/MathesonBaade_FinancingSports.pdf
http://policymatters.net/issue/PolicyMatters_Spring_2007.pdf
http://www.law.berkeley.edu/sugarman/PETCO_Park_and_the_Padres_____Mark_Hitchcock.pdf
http://www.law.berkeley.edu/sugarman/PETCO_Park_and_the_Padres_____Mark_Hitchcock.pdf
http://www.knightfoundation.org/media/uploads/publication_pdfs/2009_KCIA_College_Sports_101.pdf
http://www.knightfoundation.org/media/uploads/publication_pdfs/2009_KCIA_College_Sports_101.pdf
http://bcblazenet.belhaven.edu/Blazenet/Library/Library.aspx
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Belhaven’s APA Quick Guide:

http://bcblazenet.belhaven.edu/Blazenet/StudentModules/Downloadable%20Documents/APA%2

0Quick%20Guide.pdf

http://bcblazenet.belhaven.edu/Blazenet/StudentModules/Downloadable%20Documents/APA%20Quick%20Guide.pdf
http://bcblazenet.belhaven.edu/Blazenet/StudentModules/Downloadable%20Documents/APA%20Quick%20Guide.pdf
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Expectations of Online Studies Students

Attendance

For the attendance policy, please see the Student Online Handbook in Blazenet.

Due Dates A unit is considered to be Monday- Saturday. You are encouraged to “Observe the Sabbath day

and keep it holy.” Good time management is essential to career and academic success. Early

submissions of assignments and discussion responses are encouraged. Assignments submitted

late will be subject to a 30% reduction for each day they are late up to two days and will not be

accepted late after two days. Due dates are posted to the assignments.

Communication

Communicate questions directly to the professor, except in cases where you need to contact

technical support. Your Belhaven University email address will be utilized for the class, so check

it frequently.

Americans with Disabilities Act (ADA)

Belhaven University offers students disability accommodation in accordance with the guidelines

of the Americans with Disabilities Act. The student must make his or her disability known to the

Office of Student Care, must provide current documentation of the disability from an appropriate

licensed professional, and complete the Belhaven ADA Request Form for accommodation. The

student must provide such a request to the Office of Student Care at least two weeks prior to the

beginning of each semester for which the accommodation is requested. Approved

accommodations will be communicated to the student and made within a reasonable time period

after completion of the official request. Apply under the Quick Links on the Student

Life/Services tab.

Required Formatting

The required formatting for your papers, assignments, projects, discussions, or anything else that

may be research based is the Publication Manual of the American Psychological Association

(APA). Review the APA Quick Reference Style and Formatting Guide which includes Belhaven

University exceptions.

Responsible Research

Responsible research is a critical component of education, and any individual conducting

research must learn how to investigate, read, understand, systematize, interpret, and finally

explain complex ideas and issues in writing. An individual conducting research must also

understand that ideas found in literature, media presentations, interviews or any other form of

media do not belong to the researcher and therefore must be given credit through proper

documentation. It is required that every person conducting research provides proper credit

through correct use of documentation not only to prevent plagiarism, but also to demonstrate

respect to the originator of the idea. To ensure that all papers possess originality, faculty

members will use Turnitin. Any paper exceeding 20% of non-original material or noticeable

undocumented information will be subject to a discount in points at the discretion of the faculty.

https://www.belhaven.edu/campus_life/student-development/ada_request.asp?_ga=2.180423975.1461500620.1560867840-1076324105.1532965380&_ga=2.180423975.1461500620.1560867840-1076324105.1532965380
https://www.belhaven.edu/campus_life/student-development/ada_request.asp?_ga=2.180423975.1461500620.1560867840-1076324105.1532965380&_ga=2.180423975.1461500620.1560867840-1076324105.1532965380
https://blazenet.belhaven.edu/academic_help/Documents/APA%20Quick%20Guide_2018v2.pdf#search=apa
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Originality

Unit writing and papers will be evaluated for originality using Turnitin. Belhaven University

encourages a high degree of originality in writing. Quoted material should seldom be used and

must be limited to phrases that cannot be paraphrased or summarized without losing their

effectiveness. Students are required to cite and reference all sources of information and images

using APA style. Review the APA Quick Reference Style and Formatting Guide that includes

Belhaven University exceptions. Non-originality exceeding 20% on papers will be subject to

discount at the professor’s discretion and students may be referred to a writing lab for assistance

with originality.

Specific Practices to Avoid

 Do not attempt to get a research paper from the Internet (or anywhere else) and submit as your paper. This is dishonest and unethical.

 Do not copy from any book, article, or encyclopedia and submit this for your paper. This is not acceptable research.

 Include references (including source and page numbers) which document every source upon which you have in any way relied for each paragraph of your paper. If sources are

not properly referenced, the student has cheated the sources out of deserved credit and

cheated readers out of valuable information.

 Do not use material from any other student’s paper or work unless you give that student full credit in reference notes.

https://blazenet.belhaven.edu/academic_help/Documents/APA%20Quick%20Guide_2018v2.pdf#search=apa
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Summary of Assignments

Writing Assignments

Writing assignments must be APA compliant and include a title page, appropriate citations, and

references. The APA Publication Manual is provided as your reference for style. The professor

will post Unit Assignments on the first day of each unit. Assignments are due no later than 11:59

p.m. (CT) on Saturday. Earlier submissions are encouraged.

Discussion Questions

The professor will post discussion questions on the first day of each weekly unit. You should

respond to the initial discussion questions no later than 11:59 p.m. (CT) each subsequent

Wednesday. Responses to classmate’s discussion questions are due Saturday at 11:59 p.m. for

each unit. Early postings are encouraged.

Initial discussion question responses must be a minimum of 250 words each. When indicated, a

response to a classmate must be at least 100 words. Fewer than this will automatically result in a

significant reduction in one’s grade. One initial response and one response to a classmate's

posting are required for each question.

You must mention the person’s name to whose comments you are responding and quote what

aspect of his or her post you are addressing. Without either, it is not possible to see the direction

of your comments and the comments will not receive any points.

Unit Quizzes Students will complete unit quizzes on all reading assignments and lectures. Quizzes are

available once all unit lectures have been viewed. Unit quizzes must be completed by Saturday at

11:59 p.m. (CT). Only after 11:59 p.m. (CT) on Saturday will correct answers for quizzes be

posted.

Final Exam

The Final Exam covers the chapters in Unit 7: Chapters 3, 7, and 14.

The Portfolio Paper

The portfolio paper covers the array of topics discussed and presented in the course and is due

Saturday of Unit 7. The paper will be evaluated using the Unit Assignments and Portfolio Paper

rubric (Appendix A).

Prepare the portfolio papers using the following guidelines:

o Cover page for the portfolio, including title of paper, your name, course name and

course number, date of submission (page 1)

o A minimum of 9 pages, including information developed from Units 1-6. Make

sure that information presented is not identically copied from each unit’s writing

assignments. Utilize each assignment, expound on the information, and provide

additional information if needed (APA formatting required).

o A minimum of 1 page summarizing of your understanding of the biblical

implications for the topic (APA formatting required).

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o A References page (APA formatting required), including a minimum of 10

references, including the text, books and articles from academic sources (Net

Library), and other periodicals.

The Portfolio Paper PowerPoint Presentation

Complete a 15-slide Final Paper-PowerPoint Presentation with your Christian worldview

philosophy. Assignments are due no later than 11:59 p.m. (CT) on Saturday during Unit 7.

Earlier submissions are accepted. The Final Paper PowerPoint Presentation will be evaluated

using the Final Paper PowerPoint Presentation rubric in Appendix C.

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UNIT ONE: Financial Issues in Sport

Topics

 Financial Issues in Sport

 What is Sport Finance?

 Financial Skills

 Sports Sponsorships

 Financial New Stadiums and Arenas

Unit Activities

 Review the course module.

 Explore the online Library and Academic Help pages.

 Read assigned materials.

 View lectures.

 Complete unit quiz.

 Respond to discussion questions.

 Submit writing assignment(s).

Reading Assignments

 Chapter 1 of Sport Finance, 4th edition

 Article 1 on course homepage.

Post your introduction to the Personal Bio forum.

Discussion Questions: Post your initial responses to the discussion forum by Wednesday 11:59

p.m. and respond to the discussion of others by Saturday 11:59 p.m.

 Discussion Question 1 (20 points) o From a financial standpoint, what are similarities and differences between events

that happened in the past and events that occur today? Answer in complete detail

and use examples.

o Requirements: 250 words minimum initial post, 100 words minimum reply

 Discussion Question 2 (20 points) o Sports are big business for any college or university. Why do modern universities

build major sport and recreation complexes on campuses? What is the financial

benefit and what sort of financial resources are needed to complete such an

undertaking. Provide an example of a university which just built a new athletic

facility. Include the finances in your discussion.

o Requirements: 250 words minimum initial post, 100 words minimum reply

http://belhaven.libguides.com/
https://blazenet.belhaven.edu/academic_help/Pages/default.aspx
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Writing Assignment: Submit by Saturday 11:59 p.m.

 Assignment (40 points) o Paper 1: After reading Chapter 1 and Article 1, write a three-page paper that

discusses concerns associated with financing professional sport stadiums or

entities. Discuss the benefits of building new stadiums as well as contradictions to

these benefits.

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UNIT TWO: Basic Financial Concepts

Topics

 Basic Financial Concepts

 Revenues and Expenses

 Overview of Accounting Concepts

 Economic Versus Financial Analysis

Unit Activities

 Read assigned materials.

 View lectures.

 Complete unit quiz.

 Respond to discussion questions.

 Submit writing assignment(s).

Reading Assignments

o Chapter 3 of Sport Finance, 4th edition o Article 2 on course homepage o Luke 14:28-29

Discussion Questions: Post your initial responses to the discussion forum by Wednesday 11:59

p.m. and respond to the discussion of others by Saturday 11:59 p.m.

 Discussion Question 1 (20 points) o In the world of sports (regardless of level), balancing revenue and expenses is

critical to the success of the department. Within the level of sports you represent

or wish to go into, explain in detail what some of your department's major

expenses and revenues would be. What does God teach us about money, and how

would those teachings apply to this discussion topic?

o Requirements: 250 words minimum initial post, 100 words minimum reply

 Discussion Question 2 (20 points) o Proper management and leadership are key when dealing with finances in sports.

Explain the difference between the two and how they will apply to the financial

structure of your sports organization.

o Requirements: 250 words minimum initial post, 100 words minimum reply

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Writing Assignment: Submit by Saturday 11:59 p.m.

 Assignment (40 points) o Paper 2: After reading Chapter 3, assigned Scripture, and Article 2, write a three-

page paper that discusses revenue and expenses for collegiate athletes. Why do

most colleges operate in the red and what are some economic concerns of a

university eliminating its football program? Integrate Christian concepts

according to Scripture reading.

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UNIT THREE: Developing a Budget

Topics

 Budgeting 101

 Importance of Financial Planning

 Determining Financial Objectives

 Financial Planning Process

 Developing a Pro Forma Budget

Unit Activities

 Read assigned materials.

 View lectures.

 Complete unit quiz.

 Respond to discussion questions.

 Submit writing assignment(s).

 Submit final paper topic for approval (if applicable)

Reading Assignments

 Chapters 7 and 8 of Sport Finance, 4th edition

 Article 3 on course homepage.

Discussion Questions: Post your initial responses to the discussion forum by Wednesday 11:59

p.m. and respond to the discussion of others by Saturday 11:59 p.m.

 Discussion Question 1 (20 points) o For many managers, making the highest profit possible is a financial objective.

Based on the level of athletics you wish to work in, what would be your financial

objective? What obstacles may stand in the way from reaching your financial

objective?

o Requirements: 250 words minimum initial post, 100 words minimum reply

 Discussion Question 2 (20 points) o Examining internal and external data, where do you see this being beneficial in

your athletic career? What are some of the fixed costs you will experience in your

athletic field?

o Requirements: 250 words minimum initial post, 100 words minimum reply

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Writing Assignment: Submit by Saturday 11:59 p.m.

 Assignment (40 points) o Paper 3: After reading Chapters 7 & 8 and Article 3, write a three-page paper that

discusses the importance of revenue generated from suite ownership. What are some

concerns associated with suite ownership? What are some factors in determining

pricing for these suites?

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UNIT FOUR: Financial Systems and How They Operate

Topics

 Financial Markets

 Assets and Liabilities

 Marketable Securities

 Financial Institutions

 Bonds

Unit Activities

 Read assigned materials.

 View lectures.

 Complete unit quiz.

 Respond to discussion questions.

 Submit writing assignment(s).

Reading Assignments

 Chapters 4 and 10 of Sport Finance, 4th edition

 Article 4 on course homepage

 1 Peter 2:13-4 and Zechariah 3:7

Discussion Questions: Post your initial responses to the discussion forum by Wednesday 11:59

p.m. and respond to the discussion of others by Saturday 11:59 p.m.

 Discussion Question 1 (20 points) o Review Walt Disney Co. (NYSE: DIS) stock, which owns ESPN. What situation

can effect (+/-) the value of the stock in a sports-related industry? Provide an

example of any sports company and how its stock was affected by the situation in

question.

o Requirements: 250 words minimum initial post, 100 words minimum reply

 Discussion Question 2 (20 points) o If you were going to take a minor league baseball team public, what stock

exchange would you try to get it on and why?

o Requirements: 250 words minimum initial post, 100 words minimum reply

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Writing Assignment: Submit by Saturday 11:59 p.m.

 Assignment (40 points) o Paper 4: After reading Chapter 4, assigned Scripture, and Article 4, write a two-

page paper that discusses what type of business structure encompasses most of

professional sport teams. What were the main concerns presented in the article

reading? Considering the previous reading of the textbook, what are some factors

that should have been considered in financing of PETCO Park? Integrate

Christian concepts according to Scripture reading.

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UNIT FIVE: Financial Statements, Forecasts, and Planning

Topics

 Types of Financial Statements

 Types of Financial Ratios

 Spending Earnings

Unit Activities

 Read assigned materials.

 View lectures.

 Complete unit quiz.

 Respond to discussion questions.

 Submit writing assignment(s).

Reading Assignments

 Chapters 11 and 12 of Sport Finance, 4th edition

Discussion Questions: Post your initial responses to the discussion forum by Wednesday 11:59

p.m. and respond to the discussion of others by Saturday 11:59 p.m.

 Discussion Question 1 (20 points) o How does the statement of cash flows differ from the income statement? What do the

operating activities, investing activities, and financing activities tell us about cash

events?

o Requirements: 250 words minimum initial post, 100 words minimum reply

 Discussion Question 2 (20 points) o What is depreciation, and why is it considered a noncash item? o Requirements: 250 words minimum initial post, 100 words minimum reply

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Writing Assignment: Submit by Saturday 11:59 p.m.

Submit assignment as an Excel file or Word document. (Show all work.)

 Case Writing Assignment (40 points) 1. Prepare the income statements and balance sheets for 2008 and 2009 assuming a

34% tax rate. Also, assume a payout ratio of 51% and a retention ratio of 49%.

2. Prepare the statement of cash flows for 2009.

3. In addition, submit a one-page essay based on answering the following

questions: What role does honesty play in business? What are the consequences

of unethical business practices and behavior?

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UNIT SIX: Cash Management

Topics

 Open Markets and Other Short-Term Borrowing

 Long-Term Borrowing

 Funding for Small or Minority-Owned Businesses

Unit Activities

 Read assigned materials.

 View lectures.

 Complete unit quiz.

 Respond to discussion questions.

 Submit writing assignment(s).

Reading Assignment

 Chapter 9 of Sport Finance, 4th edition

Discussion Questions: Post your initial responses to the discussion forum by Wednesday 11:59

p.m. and respond to the discussion of others by Saturday 11:59 p.m.

 Discussion Question 1 (20 points) o If you have ever borrowed money to buy a car, what was involved in that process?

Also, if you have ever borrowed money to buy a car, what was involved in that

process? Explain.

o Requirements: 250 words minimum initial post, 100 words minimum reply

 Discussion Question 2 (20 points) o If you had the money, would you lend it to someone to help start a business if you

knew that the business had a 75% chance of failing? What are the issues that you

would need to address in making this decision?

o Requirements: 250 words minimum initial post, 100 words minimum

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Writing Assignment: Submit by Saturday 11:59 p.m.

Submit assignment as Word document. (Choose one of the 3 questions and establish a 600-

word, APA style document analyzing your response. A minimum of 3 scholarly references is

recommended.)

 Case Writing Assignment (40 points) 1. If you were asked whether a large university such as Tennessee or Michigan with

a large seating capacity for their football stadiums should build a new football

stadium, how would you respond and what additional information would you

need to make this decision?

2. If you overspent on building or renovating a stadium, what can you do after the fact to minimize the damage done by the bad deal?

3. What do you think Akron should do to turn things around and to help repay the bonds issued to build the stadium? Can a university default on a loan or bond

repayment and what could be the ramifications of such an action?