Complete the assignment:
LO1 Understand different management theories and functions in the leisure context
LO2 Demonstrate an understanding of the financial management of leisure enterprises
LO3 Determine the relationship between the management of leisure enterprises, the economy and finance.
Assessment Description and Advice
Task 1: Identify and acquire a published set of company accounts. Analyse the accounts using ratios and other interpretive methods. Each student needs to use a set of accounts from the most recent tax year.
Task 2; Reflect upon how you manage your own money, using the budgeting and cashflow chart skills you develop in your seminars you need to produce a cashflow for your money for 2014 as best you can. Identify a financial goal for yourself. This may be a holiday, a car, or a new wardrobe for example. You must identify how you can budget, aiming to save sufficient money to meet your goal, whilst living within your means.
Task 3: Produce a reflective self-analysis of your own approach to management according to the principles learnt during the module. In doing so, discuss management theory and concepts as they relate to examples from your own work based experiences.