This module provides students with fundamental tools for financial management and risk assessment, with practical applications in professional sports. Topics include financial planning fundamentals such as budgeting, forecasting, and cash flow management, as well as accounting specifics, including transfers, player valuations, and licensing costs. Students also learn key controlling tools such as KPIs, contribution margin analyses, and break-even calculations, which serve as decision-making bases for managers of professional sports clubs and federations. Additionally, selected risk management instruments are addressed, including strategies for managing liquidity risks and potential sponsor defaults.
- Apply financial controlling tools confidently to make informed decisions in professional sports organizations (e.g., clubs and federations)
- Systematically analyze financial metrics to assess the economic situation of sports organizations
- Identify and evaluate relevant financial and strategic risk factors to detect potential threats early and implement appropriate countermeasures
- Develop independent, management-relevant recommendations that contribute to the financial stability and strategic orientation of sports clubs and federations
Prof. Dr. Anna Rohlfing-Bastian
Prof. Dr. Anna Rohlfing-Bastian has held the Chair of Management Accounting at Goethe University since April 2016. Previously, she was Full Professor of Managerial Accounting at the University of Tübingen and Assistant Professor at WHU and a visiting scholar at Stanford Graduate School of Business. Her research has been published in leading journals, including The Accounting Review, Review of Accounting Studies, Journal of Management Accounting Research, and Schmalenbach Business Review. Her research focuses on incentive systems, performance measurement, organizational design, task allocation in firms, and decision-relevant costs.