SPM 205 Lecture Notes - Lecture 3: United States Soccer Federation, United States Olympic Committee, Income Statement
13 Feb 2018
School
Department
Course
Professor
Document Summary
Generally, refers to two primary activities of an organization: revenue how an organization generates the funds that flow into an organization, expenditure how these funds are allocated and spent once they are in an organization. Revenue any income derived from any source: where the money comes from, ticket sales, sponsorship, broadcasting rights. Expense any payments made by a business: how the money is spent. Example: of revenue and expense for a sports facility: revenue, concessions, admissions, rent, investment earnings, expense, paying workers, ingredients for food, insurance. Example: ncaa d1: a lot of revenue goes to basketball fund, spend a lot of money in supporting the other athletes. Us olympic committee: financials, funding comes from rights to use olympic symbol, product sales, broadcasting rights, partnerships, and contributions. Profit = revenue expenses: difference between financial inflows (revenues) and outflows (expenses) An income statement highlights the revenue, expenses, and profit generated over a given period, normally one year.
