CHAPTER TWELVE

CHAPTER TWELVE - 6/15/11 CH APTER T WELVE FI NANCI AL M...

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Unformatted text preview: 6/15/11 CH APTER T WELVE FI NANCI AL M ANAGEM ENT 6/15/11 FI NANCI AL STATEMENTS M OST COM M ONLY USED: 1) STATEM ENT OF FI NANCI AL POSI TI ON (BAL ANCE SH EET) 2) STATEM ENT OF ACTI VI TI ES (I NCOM E STATEM ENT) 3) STATEM ENT OF CASH FLOWS 6/15/11 STATEM ENT OF FI NANCI AL REVEAL S A CLUBS F I NANCI AL POSI TI ON AT TH E END OF AN ACCOUNT I NG PERI OD (SNAPSH OT OF TH AT M OM ENT I N TI M E) I NCLUDES: ASSET S CURRENT / NONCURRENT / DESI GNATED ASSET S / I NVESTM ENT S / EQUI PM ENT / OTH ER ASSET S LI ABI LI T I ES CURRENT / L ONG-TERM DEBT / OTH ER L ONG-TERM 6/15/11 STATEM ENT OF ACTI VI TI ES REFLECTS TH E OPERATI NG RESULTS OF TH E CLUB FOR A PERI OD OF TI M E (SALES AND EXPENSES) 1) REVENUE 2) OPERATI NG EXPENSES 3) FI XED CH ARGES 6/15/11 STATEM ENT OF ACTI VI TI ES 1) M EM BERSH I P REVENUE 2) COST OF SPORTS ACTI VI TI ES 3) CLUBH OUSE OPERATI NG I NCOM E (LOSS) 4) UNDI STRI BUTED OPERATI NG EXPENSES 5) FI XED CH ARGES 6) PROVI SI ON FOR I NCOM E TAXES DEPRECI ATI ON: EXPENSI NG CAPI TAL COSTS 6/15/11...
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This note was uploaded on 06/15/2011 for the course HRTM 285 taught by Professor Knapp during the Spring '11 term at South Carolina.

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CHAPTER TWELVE - 6/15/11 CH APTER T WELVE FI NANCI AL M...

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