SPT 620 Module 2 Journal
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Apr 3, 2024
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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,
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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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Related Questions
ASSIGNMENT
REVIEW
QUEST IONS
Direction: Answer comprehensively the following questions.
1. Why should corporate governance be in place?
2. In a large corporation, what are the two distinct groups that report to the
chief financial officer? Which group is the focus of corporate finance?
3. Would our goal of maximizing the value of the equity shares be different if we
were thinking about financial management in a foreign country? Why or why
not?
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3
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Match each of the financial statement theory and concepts with the statement that best describes them
Maximize shareholder wealth
Corporate Governance
financial securities
_____ 1. Tradable promises of future payments issued by government and companies
_____ 2. The set of rules that control companies’ behaviour towards its directors, managers, employees, shareholders, creditors, customers, competitors, and community
_____ 3. It’s required to mitigate the agency problem (information asymmetry and moral hazard) within the firm
_____ 4. It is the primary (main) objective of the firm
_____ 5. It consists of debt instruments and equity instruments
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QUESTION 16
Which of the following are users of University of West London's financial statement?
a. Shareholder, suppliers, and employees
b.Students, suppliers, and employees
C. Shareholders, Government, and students
d.Suppliers, employees, and Investors
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Decision Making
Exhibit P–2 from within the Prologue includes 12 questions related to 12 types of decisions that companies often face. In the prologue, these 12 decisions were discussed within the context of for-profit companies; however, they are also readily applicable to nonprofit organizations. To illustrate this point, assume that you are a senior leader, such as a president, provost, or dean, in a university setting.
Required:
For each of the 12 decisions in Exhibit P–2, provide an example of how that type of decision might be applicable to a university setting.
Exhibit P–2: Examples of Decisions
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Give typing answer with explanation and conclusion
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17. When a business engages in corporate social
responsibility, it hopes to engender greater
goodwill among its various stakeholders.
a. How are these expenditures accounted for?
b. If the resulting goodwill was capitalized under
GAAP, do you believe that acts of corporate
social responsibility would increase?
(Book: Ethics in Accounting, A Decision Making
Approach Author: Gordon Klein CHAPTER 7)
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III. TRUE OR FALSE: Write AROHA if the idea being expressed is CORRECT, and ASTRO, if otherwise.
Write your answer in the blank after the number.
1.Corporate Government deals with the set of rules that an entity observes when conducting
business.
2. Good Corporate Governance provides stakeholders with information on how executives or
management run the business and who is accountable for important decisions.
3.Thrift Banks accept the savings of individuals and lend pooled savings to individuals
primarily in the form of mortgage loans.
4. Financial Management, this area focuses on the decisions made by businesses and
individuals as they choose securities for their investment portfolios.
5. Financial Institutions it involves financial planning, asset management, and the decisions to
increases the value of the stakeholders.
6. Rural and Corporate banks represent the more popular type of banks in the rural
communities.
7. Mail Float is the time delay between when payment is placed in the…
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Hello,
This question is from the critical thinking questions of CHAPTER 1, Introduction to Corporate Finance from Fundamentals of corporate finance, the 11th Canadian edition
thank you,
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Want correct answer
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What is the primary concern associated with the agency problem in corporate
finance?
Maximizing shareholder wealth
Aligning the interests of managers with those of shareholders
Minimizing marketing expenses
Ensuring compliance with tax regulations
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Part I: Introduction
In this section, post a brief introduction about yourself:
1. Some of you may already know each other from previous classes, or not. So please Introduce yourself, a brief Personal Statement about what is unique about you, and a bit about your journey to this class/program.
Part II: Weekly Discussion
Who owns a corporation? Describe the process whereby the owners control the firm’s management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context, what kinds of problems can arise?
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None
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23
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Corporations often offer ________ to investors as some tangible evidence that the corporation is doing well, and the investor is getting something from his or her money.
1.shares of stock
2.dividends
3.trusts
4.index funds
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Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong.
Decision
Corporate Finance
Capital Markets
Investments
Ethan must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
Radford works for an investment bank and makes decisions about the sale of new common stock by ABCL Inc.
Aakash works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Aakash must make decisions regarding the investments that he should recommend to his clients to include in their portfolio.
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What is the important question of corporate finance when a finance manager advises the company’s management to accept or reject a long-term investment project? What the finance manager needs to analyse to justify her/his adviceHow a corporation is different from a partnership in terms of owner, legal status, liabilities, life, regulation, access to capital, taxation and transfer?
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SEE MORE QUESTIONS
Recommended textbooks for you
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Related Questions
- ASSIGNMENT REVIEW QUEST IONS Direction: Answer comprehensively the following questions. 1. Why should corporate governance be in place? 2. In a large corporation, what are the two distinct groups that report to the chief financial officer? Which group is the focus of corporate finance? 3. Would our goal of maximizing the value of the equity shares be different if we were thinking about financial management in a foreign country? Why or why not?arrow_forward3arrow_forwardMatch each of the financial statement theory and concepts with the statement that best describes them Maximize shareholder wealth Corporate Governance financial securities _____ 1. Tradable promises of future payments issued by government and companies _____ 2. The set of rules that control companies’ behaviour towards its directors, managers, employees, shareholders, creditors, customers, competitors, and community _____ 3. It’s required to mitigate the agency problem (information asymmetry and moral hazard) within the firm _____ 4. It is the primary (main) objective of the firm _____ 5. It consists of debt instruments and equity instrumentsarrow_forward
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- 17. When a business engages in corporate social responsibility, it hopes to engender greater goodwill among its various stakeholders. a. How are these expenditures accounted for? b. If the resulting goodwill was capitalized under GAAP, do you believe that acts of corporate social responsibility would increase? (Book: Ethics in Accounting, A Decision Making Approach Author: Gordon Klein CHAPTER 7)arrow_forwardIII. TRUE OR FALSE: Write AROHA if the idea being expressed is CORRECT, and ASTRO, if otherwise. Write your answer in the blank after the number. 1.Corporate Government deals with the set of rules that an entity observes when conducting business. 2. Good Corporate Governance provides stakeholders with information on how executives or management run the business and who is accountable for important decisions. 3.Thrift Banks accept the savings of individuals and lend pooled savings to individuals primarily in the form of mortgage loans. 4. Financial Management, this area focuses on the decisions made by businesses and individuals as they choose securities for their investment portfolios. 5. Financial Institutions it involves financial planning, asset management, and the decisions to increases the value of the stakeholders. 6. Rural and Corporate banks represent the more popular type of banks in the rural communities. 7. Mail Float is the time delay between when payment is placed in the…arrow_forwardHello, This question is from the critical thinking questions of CHAPTER 1, Introduction to Corporate Finance from Fundamentals of corporate finance, the 11th Canadian edition thank you,arrow_forward
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SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Managerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College
Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub
Principles of Accounting Volume 1
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ISBN:9781947172685
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