Business Finance - Economics Final Project Milestone Three: Presentation Draft Assignment

3

Financial Statements 2-1 Journal:

SPT-620-X5446 Finance & Economics of Sport 23TW5

Antonio McClan

7/14/2023

Financial Statements

Communicating Information to Stakeholders:

During communicating to the stakeholders it is important to take the following actions when presenting the balance sheet information to stakeholders:

Share the whole set of financial statements, which includes the balance sheet, income statement, and cash flow statement, to start out. These statements give stakeholders a thorough understanding of the organization's financial situation and performance. Specify Key Figures: Focusing on the balance sheet's important data points that matter to stakeholders (Stocker et al., 2020). For instance, draw attention to the total revenue, direct costs, gross profit, game costs, team costs, administrative costs, debt service, overall costs, and operating income. This aids stakeholders in comprehending the organization's financial situation. Use Visuals: To portray the balance sheet data visually, use charts, graphs, or tables. Stakeholders may find it easier to understand through the use of visual

B. Information for Stakeholders:

It is important to make sure to include the following information when presenting the balance sheet information to stakeholders: Give an overview of the organization's financial streams, including ticket sales, media rights, sponsorships, item sales, and any other important sources of funding. Direct Costs: Describe the costs directly related to running the organization, such as inventory costs, advertising costs, concessions charges, and any other costs that can be directly linked to bringing in money. Present the costs unique to planning and hosting games, such as stadium rent, utilities, security, and other related costs. Payroll, professional fees, dues and fees, office supplies, and other administrative expenditures are only a few examples of the administrative costs associated with running the organization (Cornell, & Shapiro, 2021). Schedule 4: Debt Service: Describe the debt service costs, such as interest payments, principal repayments, and any other expenses incurred in order to fulfill the organization's debt commitments. Total Expenses: Add up all of the costs, including direct costs, team, game, and administrative charges as well as debt service

Reference

Cornell, B., & Shapiro, A. C. (2021). Corporate stakeholders, corporate valuation and ESG.  European Financial Management,  27(2), 196-207.

Stocker, F., de Arruda, M. P., de Mascena, K. M., & Boaventura, J. M. (2020). Stakeholder engagement in sustainability reporting: a classification model.  Corporate Social Responsibility and Environmental Management,  27(5), 2071-2080.