ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Sports Finance
Code MGTK706
Coordinator Mr KMJ Maguire
Finance and Accounting
Kieran.Maguire@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 Level 7 FHEQ Whole Session 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 2

         24

 26
Timetable (if known)              
Private Study 124
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Financial analysis Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes  0    60       
Discussion Board Contribution Reassessment Opportunity: Yes, via a 350 words reflective report Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No  0    10       
Presentation Discussion Reassessment Opportunity: Yes, via a 350 word report Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No  0    10       
Presentation Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No  10    20       

Aims

This module aims to:

Give students an understanding of the core components of a set of financial statements in terms of assets, liabilities, equity income profit and costs;

Provide students with the ability to examine the regulation of sporting institutions and the challenges in developing and implementing financial controls;

Provide students with the opportunity to critically assess a set of financial statements and comment upon the financial strengths, weaknesses and risks associated with an individual sports based business;

Develop students’ ability to value a sports business/institution using a variety of methods.

Learning Outcomes

(LO1) Students will be able to demonstrate understanding of the components of a balance sheet and their interaction.

(LO2) Students will be able to demonstrate understanding of the components of a profit or loss account/income statement and the concept of breakeven and profitability.

(LO3) Students will be able to demonstrate understanding of the importance of cash to a sports based business and how cash flows differ from profits.

(LO4) Students will be able to analyse and explain, using financial and non-financial metrics and relationships, the accounts of a sports based business/institution.

(LO5) Students will be able to value a sports based business/institution using differing methodologies and analyse the risks involved in such models and methods.

(LO6) Students will be able to evaluate the motives, benefits and drawbacks of having financial controls in relation to sports businesses that are different from those of other industries.

(S1) Commercially aware.
Students will demonstrate commercial awareness through having an understanding of financial statements and how they are linked to external stakeholders and sporting performance.

(S2) An excellent verbal and written communicator.
Communication skills will be developed through being able to discuss and explain the financial statements of a sporting institution and the relationships within those statements.

(S3) Numerate.
Numeracy skills will be developed through the use of ratio analysis and KPI’s when reviewing and summarising financial statements.

(S4) IT literate.
IT skills will be used when using spreadsheets and financial forecasts to value sporting institutions.

(S5) Ethically aware.
Ethical awareness skills will be developed by looking at the legal and institutional rules in relation to financial controls and how some involved in the industries seek to circumvent these rules.

Teaching and Learning Strategies

The module will primarily be delivered through eight e-lectures/seminars. The e-lectures will consist of podcasts covering key concepts alongside e-seminars that will consist of individual online tasks, case studies and discussion boards which will be used to develop and apply learning to the sport industry and the students’ own work contexts. These will be moderated by the module tutor to ensure individual and group feedback. Students will also be directed to key academic and practitioner readings to further develop their learning.

Unscheduled Directed Student Hours: 24 hours

Description: The e-Lectures/seminars will equate to 3 hours/week over 8 weeks, undertaken asynchronously.

Attendance Recorded: Yes – tracked via the learning platform.

Additionally, one scheduled synchronous seminar will be delivered (if there are issues with time zones another seminar will be provided).
Scheduled Directed Student Hours: 2 hours

Description: The scheduled seminar will equate to 2 hours undertaken synchronously. The date and time of the seminar will be confirmed at the start of the module.

Attendance Recorded: Yes – tracked via the learning platform.

Self-Directed Learning Hours: 124 hours

Description: This will involve directed and independent reading, independent research into sports organisations and assessment preparation.

Syllabus
 

Core components of financial statements: assets, liabilities, equity income profit and costs.

Concept of profitability and breakeven in relation to private and non-profit making sport organisations.

Differences between profit and cash flows.

Analysis of financial statements within sports based businesses using financial metrics and key performance indicators to identify financial and non-financial trends.

Regulation of sporting institutions and the challenges in developing and implementing financial controls.

Ownership models: sporting versus financial achievements.

Methods of valuing a sporting business.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.