Financial Management and Leisure Provision

  • Mike Stabler


This chapter is concerned with financial management in the voluntary, commercial and public leisure sectors. The aim of the chapter is to give an insight into the nature and purpose of financial management and to demonstrate its contribution to the assessment of the efficiency and effectiveness with which resources are employed. Inevitably this is done in an introductory and selective manner because the subject is so extensive. The topics of most relevance to leisure which are examined include: the meaning, scope and structure of financial management; information and accounting systems covering the role and interpretation of final accounts; ratio analysis and performance measures; financial management methods; cash flow and budgetary analysis; capital appraisal; and sources and methods of finance.


Public Sector Cash Flow Balance Sheet Financial Management Voluntary Sector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Altman, E.I. (1968) ‘Financial Ratios, Discrimination and the Prediction of Corporate Bankruptcy’, Journal of Finance, 23 (4) (September) pp. 589–609.CrossRefGoogle Scholar
  2. Ashton, R.K. (1983) UK Financial Accounting Standards, Cambridge: Woodhead-Faulkner.Google Scholar
  3. Bird, P. (1983) Understanding Company Accounts, London: Pitman (2nd edn).Google Scholar
  4. Bovaird, A.G., Tricker, M.J. and Stoakes, R. (1984) Recreation Management and Pricing: The Effect of Changing Policy on Demand at Countryside Recreation Sites, Aldershot: Gower.Google Scholar
  5. Brett, M. (1987) How to Read the Financial Pages, London: Hutchinson Business Books.Google Scholar
  6. Bromwich, M. (1976) The Economics of Capital Budgeting, Harmondsworth Penguin.Google Scholar
  7. Carsberg, B. and Hope, A. (1984) Current Issues in Accounting, Oxford: Philip Allan.Google Scholar
  8. Chartered Institute of Public Finance and Accountancy (1979) The Standardisation of Accounts: General Principles, London: CIPFA.Google Scholar
  9. Chartered Institute of Public Finance and Accountancy (annually) Leisure and Recreation Estimates, London: Statistical Information Series.Google Scholar
  10. Chartered Institute of Public Finance and Accountancy (annually) Leisure Charges, London: Statistical Information Series.Google Scholar
  11. Clawson, M. and Knetsch, J.L. (1966) The Economics of Outdoor Recreation, Baltimore: Johns Hopkins.Google Scholar
  12. Coopers & Lybrand Associates (1979) Sharing Does Work: The Economic and Social Benefits of Joint and Direct Sports Provision, Study 22, London: Sports Council.Google Scholar
  13. Dasgupta, A.K. and Pearce, D.W. (1972) Cost-Benefit Analysis: Theory and Practice, London: Macmillan.Google Scholar
  14. Department of the Environment Audit Commission (1979).Google Scholar
  15. Department of the Environment: Audit Inspectorate (1983) Development and Operation of Leisure Centres: Selected Case Studies, London: HMSO.Google Scholar
  16. Dyson, J. (1987) Accounting for Non-Accounting Students, London: Pitman.Google Scholar
  17. Ecotech Research and Consulting (1988) SASH Centres in Use II: Management and Design Performance, London: Sports Council.Google Scholar
  18. Hartley, W.C.F. (1987) An Introduction to Business Accounting for Managers, Oxford: Pergamon (4th edn).Google Scholar
  19. Hawkins, C.J. and Pearce, D.W. (1971) Capital Investment Appraisal, London: Macmillan.Google Scholar
  20. Henley, D., Holtham, C., Likierman, A. and Perrin, J. (1983) Public Sector Accounting and Financial Control (sponsored by Chartered Institute of Public Finance and Accounting), Wokingham: Van Nostrand Reinhold.Google Scholar
  21. Holmes, C. and Sugden, A. (1985) Interpreting Company Reports and Accounts, Cambridge: Woodhead-Faulkner (3rd edn).Google Scholar
  22. Jones, R. and Pendlebury, M. (1983) Public Sector Accounting, London: Pitman.Google Scholar
  23. Livesey, F. (1983) Economics for Business Decisions, London: Pitman.Google Scholar
  24. Mathews, R. (1962) Accounting for Economists, Melbourne: Cheshire.Google Scholar
  25. Miles, C.W.N. (1986) Running an Open House: A Guide to the Public Opening of Houses, London: Surveyors Publications.Google Scholar
  26. Mishan, E.J. (1971) Cost-Benefit Analysis, London: Allen & Unwin.Google Scholar
  27. Morley, M.F. (1983) Ratio Analysis, Published for the Institute of Chartered Accountants of Scotland, Edinburgh: Gee.Google Scholar
  28. Mott, M.A. (1987) A Guide to Costing and Management Accounting Techniques, London: Pan.Google Scholar
  29. Pearce, D.W. (1971) Cost-Benefit Analysis, London: Macmillan.Google Scholar
  30. Pitt Francis, D. (1973) The Foundations of Financial Management, London: Pitman.Google Scholar
  31. Ravenscroft, N. (1984) ‘The Leisure Facility Investment Decision: Consideration of Whole-Life Costs’, Leisure Studies Association, Conference Paper, 27, in Wilkinson, J. (ed.), Leisure: Politics, Planning and People, 6, Policy and Planning.Google Scholar
  32. Ravenscroft, N. and Stabler, M. (1986) The Finance of Sport in a Rural District, Voluntary Sector Case Studies: Report of Survey, Department of Economics, University of Reading.Google Scholar
  33. Robb, A.J. and Wallis, R.W. (1988) Accounting Terms Dictionary, London: Pitman.Google Scholar
  34. Scottish Sports Council (1979) A Question of Balance: a Study of Sports Centres and Swimming Pools, Edinburgh: The Scottish Sports Council.Google Scholar
  35. Sizer, J. (1985) An Insight into Management Accounting, Harmondsworth: Penguin.Google Scholar
  36. Stabler, M.J. (1984) The Assessment of Performance of Non-Profit Organisations: The Operation of Sports Centres, discussion paper in urban and regional economics, Series C., Department of Economics, University of Reading.Google Scholar
  37. Taffler, R. and Tisshaw, H.J. (1984) ‘A New Tool to Aid the Auditor in the Going Concern Decision’, Accountancy, 89.Google Scholar
  38. Watts, B.K.R. (1984) Business and Financial Management, London: Pitman (5th edn).Google Scholar

Copyright information

© Mike Stabler 1990

Authors and Affiliations

  • Mike Stabler

There are no affiliations available

Personalised recommendations