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LEISURE MANAGEMENT III - FINANCIAL & CLERICAL BRE204

Duration (approx) 100 hours
Qualification
Statement of Attainment

Study Admin for Leisure Management

Like other enterprises, leisure facilities require money to operate. But the financial side of the operation must run smoothly and efficiently if the enterprise is to remain profitable and viable. This applies to both public and private enterprises. 

This course provides a range of tools to help people in the leisure industry to either upskill or to steer their career trajectory towards managerial type positions. 

Get skills to help you determine how to manage clerical and financial tasks 

Study this course to:

  • Develop management strategies for clerical and financial operations in a recreation or fitness environment.
  • Keep accurate and efficient financial records for successful business.
  • Discover strategies for keeping financial records, budgeting, legal reporting, liaising with other departments.
  • Understand how to manage documents, form a resource library, and use information technology.

 

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Learn about Administrative and Financial management for Leisure Industries

Consider the money and time that people put into their leisure time; including everything from sport and fitness to holidays and hobbies. 

The provision of leisure facilities and services is Big Business, and can involve:

  • Public and Private Organisations

  • Theme parks, leisure centres, sporting facilities, social clubs, youth services

  • Play programs and playgrounds; sports competitions, horse riding schools, golf clubs, and much more 

Leisure Services must be well managed to be sustainable - this course provides a foundation for building those management skills.

COURSE CONTENT

This is a 100 hour course comprising EIGHT lessons.  The course can be studied as a stand alone subject or as part of a Certificate or higher qualification.  The lessons in the course are as follows:

1. Financial Analysis
Economics of the Leisure Industry 
Financial Records
Steps in the Bookkeeping Process
Double Entry System of Bookkeeping 
Common Reasons for Financial Difficulties 
Costing 
Viability and Profitability 
Quality Systems 
Total Quality Management (TQM)

2. Budget Control & Financial Planning
Cash Flow: Planning, Forecasting 
The Money Market 
Financial Institutions 
Buying Goods and Services
Understanding Cost Structures
Budgeting Procedures 
Analysis of Financial Reports 
Types of Analytical Ratios
Efficiency Ratios and Profitability 
Liquidity Analysis and Cash Budgeting
Gearing and the Rate of Return on Investment
Risk 

3. Legal Requirements
Introduction to Categories of Law 
Basic Common Law - Rights and Obligations
Protection of Consumers 
Trade Names and Business Registrations 
Employment Law 
Contracts & Using Seals 
The Roles of Courts 
Partnerships 
Superannuation and Taxation 

4. Funding Opportunities
User Pays 
Government Subsidised
Grants, Gifts and Donations 
Sponsorships

5. Workplace Communications
Chain of Command 
Styles of Supervision 
Introducing Change 

6. Managing Documents
The scope and nature of office work 
The Functions of an Office
Office Processes 
Knowledge Storage and Management 
Filing Procedures 
Data Protection 
Record Keeping 
Stock Control 

7. Managing a Resource Library
Introduction 
A Reception or Members Lounge 
Library Lending
Managing a Library 
Copyright
Legal Deposit

8. Managing Information Technology
PBL Project - Leisure Management Case Study

Aims

  • To analyse financial records.

  • Control a budget for a recreation service or production of a recreation product

  • Meet legal reporting requirements in relation to financial management.

  • Develop funding opportunities for recreation organisations

  • Liaise with senior management, in a recreation industry workplace

  • Manage documents in a recreation industry workplace

  • Establish a library resource collection for a recreation workplace

  • Manage information technology requirements in a recreation workplace


Leisure Services and Facilities Need to be Financially Sound 

Most organisations today; public or private; need to make a profit to be viable. 

Even not for profit organizations, charity organizations and government facilities like leisure centres, need to at least cover their costs. Costs may include staffing, travel, purchasing items to sell, marketing and so on. Costs can often be hidden, so it is important for any organisation to be thoroughly aware of the cost of providing thew facilities, products or services which they provide.

Consider Costs

Costs are they too high or low? How do you determine that?

Consider Charges/Pricing

Is your price right?

How do you work out the price of the product?

Give examples on costings

Consider Cash Flow

What is cash flow?

Keep a good cash flow.

Keep something in reserve. Don’t over extend your liquidity

Manage Risks

You can ensure that an organisation or facility is successful by putting policies into place to cover every possible contingency that may arise. It is important to know how you are going to respond to financial situations before problems arise, as much as possible. Some of those policies will include insurance – insuring or buying insurance policies for example car insurance or public indemnity or fire insurance etc. These along with other in-house policies to identify risk and the pitfalls of business in general will help to ensure your success.

Budgeting

Discuss budgets for all contingencies, and plan ahead for yearly costs. For example, if the utilities bill is quarterly, then save each month for that bill. Save for accountancy bills. Ensure there are sufficient funds for staff payments and so on.

Borrowing may be acceptable if there are assets that can be sold to back up the debt; and there is a reasonable plan in place to pay off debt.

If there are difficulties then you must have a very tight control on spending – you should cut out all unnecessary expenditure and reduce all expenses generally. You should call in all your debtors – some cash flow problems arise from the lack of debtor control i.e. those that owe you money.

So ... Why should I take this course?

  • Develop your understanding of the financial management elements necessary for successful operation of leisure facilities.

  • Learn financial analysis and budgetary control.

  • Learn about the administration - how to manage documentation, develop proper administrative resources and how to provide for these.

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Courses can be started anytime from anywhere in the world!

Meet some of our academics

Tracey Jones (psychology)B.Sc. (Hons) (Psychology), M.Soc.Sc (social work), DipSW (social work), PGCE (Education), PGD (Learning Disability Studies) Tracey began studying psychology in 1990. She has a wide range of experience within the psychology and social work field, particularly working with people with learning disabilities. She is also qualified as a teacher and now teaches psychology and social work related subjects. She has been a book reviewer for the British Journal of Social Work and has also written many textbooks, blogs, articles and ebooks on psychology, writing, sociology, child development and more. She has had also several short stories published.
John MasonWriter, Manager, Teacher and Businessman with over 40 years interenational experience covering Education, Publishing, Leisure Management, Education, and Horticulture. He has extensive experience both as a public servant, and as a small business owner. John is a well respected member of many professional associations, and author of over seventy books and of over two thousand magazine articles.


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