Sport Finance

Unit Outline (Higher Education)

   
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Effective Term: 2027/05
Institute / School :Institute of Health and Wellbeing
Unit Title: Sport Finance
Unit ID: ISMAN2003
Credit Points: 15.00
Prerequisite(s): Nil
Co-requisite(s): Nil
Exclusion(s): Nil
ASCED: 080101
Other Change:  
Brief description of the Unit

The focus of this unit is to introduce students to basic accounting and financial management concepts which will be set into the context of the sports industry. This unit is designed to allow students to develop skills necessary to be able to interpret and use financial information to inform decision making in sport organisations. There is an emphasis on why finance matters to sport, and the different models for sport illustrated by a range of sporting examples. There will be exploration of the major financial issues and challenges facing international and national sport federations.

Grade Scheme: Graded (HD, D, C, P, MF, F, XF)
Work Experience Indicator:
No work experience
Placement Component:
Supplementary Assessment:Yes
Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment
Course Level:
Level of Unit in CourseAQF Level(s) of Course
5678910
Introductory                                                
Intermediate                                                
Advanced                                                
Learning Outcomes:
Knowledge:
K1.

Describe and explain basic accounting and financial management concepts.

K2.

Identify and discuss the different financial models for sport.

K3.

Identify and interpret elements of financial statements.

Skills:
S1.

Analyse and interpret financial statements and information to inform decision making in sporting organisations.

S2.

Determine the application of internal financial control systems of sporting organisations.

Application of knowledge and skills:
A1.

Review and appraise financial information to make informed recommendations.

A2.

Analyse and discuss key financial issues and challenges confronting international and national sport federations.

Other outcomes:
Unit Content:

This may include:
•Why finance matters to sport
•Foundations of basic accounting and financial management
•Financial management in context for sport organisations
•Budgeting and financial forecasting 
•Financing sporting infrastructure/projects
•Financial control system
•Financial models for sport
•External impacts on financial management for international and national sport federations.
•Trends and challenges in the finance of sport and sporting organisations

Graduate Attributes:
Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FEDTASKS (Transferable Attributes Skills and Knowledge) provide a targeted focus on five key transferable Attributes, Skills, and Knowledge that are be embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and Co-operative Learning opportunities. One or more FEDTASK, transferable Attributes, Skills or Knowledge must be evident in the specified learning outcomes and assessment for each FedUni Unit, and all must be directly assessed in each Course.

FED TASK and descriptorDevelopment and acquisition of FEDTASKS in the Unit
Level
FEDTASK 1
Interpersonal

Students at this level will demonstrate an advanced ability in a range of contexts to effectively communicate, interact and work with others both individually and in groups. Students will be required to display high level skills in-person and/or online in: • Using and demonstrating a high level of verbal and non-verbal communication • Demonstrating a mastery of listening for meaning and influencing via active listening • Demonstrating and showing empathy for others • High order skills in negotiating and conflict resolution skills\\ • Demonstrating mastery of working respectfully in cross-cultural and diverse teams.

Level 2 - Student demonstrates some independence within provided guidelines
FEDTASK 2
Leadership

Students at this level will demonstrate a mastery in professional skills and behaviours in leading others. • Creating and sustaining a collegial environment • Demonstrating a high level of self -awareness and the ability to self-reflect and justify decisions • Inspiring and initiating opportunities to lead others • Making informed professional decisions • Demonstrating initiative in new professional situations.

Level 2 - Student demonstrates some independence within provided guidelines
FEDTASK 3
Critical Thinking and Creativity

Students at this level will demonstrate high level skills in working in complexity and ambiguity using the imagination to create new ideas. Students will be required to display skills in: • Reflecting critically to generate and consider complex ideas and concepts at an abstract level • Analysing complex and abstract ideas, concepts and information • Communicate alternative perspectives to justify complex ideas • Demonstrate a mastery of challenging conventional thinking to clarify complex concepts • Forming creative solutions in problem solving to new situations for further learning.

Level 3 - Student works independently with limited guidance or works within self-determined guidelines appropriate to context
FEDTASK 4
Digital Literacy

Students at this level will demonstrate the ability to work competently across a wide range of tools, platforms and applications to achieve a range of tasks. Students will be required to display skills in: • Mastering, exploring, evaluating, managing, curating, organising and sharing digital information professionally • Collating, managing complex data, accessing and using digital data securely • Receiving and responding professionally to messages in a range of professional digital media • Contributing competently and professionally to digital teams and working groups • Participating at a high level in digital learning opportunities.

Level 1 - Students require directions and boundaries from mentor
FEDTASK 5
sustainable and Ethical Mindset

Students at this level will demonstrate a mastery of considering and assessing the consequences and impact of ideas and actions in enacting professional ethical and sustainable decisions. Students will be required to display skills in: • Demonstrate informed judgment making that considers the impact of devising complex solutions in ambiguous global economic environmental and societal contexts • Professionally committing to the promulgation of social responsibility • Demonstrate the ability to evaluate ethical, socially responsible and/or sustainable challenges and generating and articulating responses • Communicating lifelong, life-wide and life-deep learning to be open to the diverse professional others • Generating, leading and implementing required actions to foster sustainability in their professional and personal life

Level 3 - Student works independently with limited guidance or works within self-determined guidelines appropriate to context
 Learning Outcomes AssessedAssessment TasksAssessment TypeWeightingProfessional Standards
1. K1, K3

Review basic accounting and financial management concepts.

Online quiz

20-30%

2. K1, S2, A1, A2

Review and prepare a budget and recommend suitable financial control systems for a sporting organisation.

Video presentation

30-40%

3. K1, K2, K3, S1, A1, A2

Conduct a critical analysis of a case study related to financial management of a sport organisation.

Case study

40-50%

Adopted Reference Style:
APA  ()

Professional Standards / Competencies:
 Standard / Competency