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 for Management Accounting at Goethe University Frankfurt since April 2016 and was Full Professor for Managerial Accounting at University of Tuebingen and Assistant Professor at WHU–Otto Beisheim School of Management. Moreover, she was a visiting scholar at Stanford Graduate School of Business, California, USA. Her publications appeared in journals such as The Accounting Review, Review of Accounting Studies, Journal of Management Accounting Research, Schmalenbach Business Review, Review of Managerial Science, Journal of Business Research, and Journal of Management Control. Her main research focuses are incentive systems, performance measurement, organizational structures and task assignment in firms, and relevant costs for decision-making.