Srecko Novakovic¹, Dragan Djuranovic², Zeljko Vojinovic³

¹Holding Kompanija ”SOLID” Subotica
²Saobraćajni fakultet Doboj
³Industrija nameštaja Bajmok

FINANCIAL PLANNING AND FINANCING OF SPORTS COMPETITIONS

FINANSIJSKO PLANIRANJE I FINANSIRANJE SPORTSKIH TAKMIČENJA

Sport Mont 2012, X(34-35-36), 419-424

Abstract

Manager of sport competition has right to decide and also to take responsibility for costs, income and financial results. From economic point of wiev flexible budget and planning cost calculations is top management base for analyzing success level of sport competition. Flexible budget is made before sport competition with few output level, where one is always from static plan-master plan. At the end of competition when we have results, we make report of plan executing and we also analyzing plan variances. Results of comparation between achieved and planning level of static budget can be acceptable if achieved level is approximate to budget level or if we analyzing results from gross or net income. Flexible budget become very important in case of world economic crises.

Keywords

performance, cappacity, costs, variances, financing modalities

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