SPT 620 Module 2 Journal

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School

Southern New Hampshire University *

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620

Subject

Accounting

Date

Apr 3, 2024

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docx

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2

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1 Module 2 Journal Tim Nicely Southern New Hampshire University SPT 620: Finance and Economics of Sports March 10 th , 2024 The Green Bay Packers are a unique NFL organization as they have an NFL exemption that allows them to be a publicly owned organization. Because of this, they report to a large group of shareholders, rather than an individual owner or ownership group. This makes it essential to find an efficient way to communicate financial information to those shareholders. The most efficient way is to hold meetings and release regular reports. There should be quarterly meetings to keep updated on progress throughout the year, as well as an annual meeting to discuss the previous year once the data has been finalized. The meetings themselves should be both in-person and virtual to allow as many to attend as possible. To go along with these meetings, regular, easy to understand reports should be released. With the Packers being public,
2 it is very possible not all their shareholders have extensive business backgrounds, so it is essential they make the information easily understood for everyone. While having more in-depth information available is important, an easy to interpret summary and balance sheet should also be available. The information that should be made available to all shareholders should primarily include items such as revenue and expenses, as well as total profit. These items should be summarized in a clear, easily understood so all shareholders are able to understand the overall health of the organization’s finances. Easy to read graphs, charts, and tables should also be included for quick reference. In addition to those revenue, expenses, and profit, the report should of course also more in depth breakdowns of each of those items for those with larger stakes and a better business sense. This will allow those who are more business savvy to feel comfortable making larger and continuing investments to create more opportunities for the organization. This more detailed information should inlude things such as line item breakdowns of each of the previously mentioned categories to show where the revenue is coming from and where the expenses are going. There should also be an indepth report written out to explain each of the items, as well as the financial vision going forward. This section should also include graphs, charts, and tables for reference.
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