Superintendent's Handbook of Financial Management [Hardcover]

Raymond S. Schmidgall (Author)

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Book Description

Publication Date: Oct 2 2003 | ISBN-10: 0471463191 | ISBN-13: 978-0471463191 | Edition: Revised Edition

The key to any successful business is the effective management of revenue, costs and of course profitability. This book provides golf course superintendents with the necessary tools to manage their daily financial operations by explaining basic accounting principles such as pricing, budgeting, cost control, payroll and cash flow. With chapters on financial statements, golf course operation schedules, breakeven analysis and operating budgets this is an invaluable tool for all owners, operators and managers of golf courses.
* The first edition has become the standard industry tool for understanding and making sound financial decisions (1575040395, Ann Arbour Publishing, 1996)
* Schmidgall is the industry's leading authority of financial practices for golf-course superintendents

#outer_postBodyPS { display: none; } #psGradient { display: none; } #psPlaceHolder { display: none; } #psExpand { display: none; } The key to any successful business is the effective management of revenue, costs and of course profitability. This book provides golf course superintendents with the necessary tools to manage their daily financial operations by explaining basic accounting principles such as pricing, budgeting, cost control, payroll and cash flow. With chapters on financial statements, golf course operation schedules, breakeven analysis and operating budgets this is an invaluable tool for all owners, operators and managers of golf courses.
* The first edition has become the standard industry tool for understanding and making sound financial decisions (1575040395, Ann Arbour Publishing, 1996)
* Schmidgall is the industry's leading authority of financial practices for golf-course superintendents

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Hardcover

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Product Details

Hardcover: 176 pages
Publisher: Wiley; Revised Edition edition (Oct 2 2003)
Language: English
ISBN-10: 0471463191
ISBN-13: 978-0471463191
Product Dimensions: 16.4 x 1.6 x 23.8 cm
Shipping Weight: 363 g
Amazon Bestsellers Rank: #51,377 in Books (See Top 100 in Books)
- #5 in Books > Sports & Outdoors > Golf > Courses
- #18 in Books > Professional & Technical > Accounting & Finance > Accounting > Management
- #18 in Books > Business & Investing > Accounting > Management

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Product Description

From the Back Cover

The updated edition of the industry standard for making sound financial decisions

Strong financial management is essential to maintaining the highestquality playing conditions on every golf course. Through a clear and thorough explanation of basic accounting principles, the Superintendent’s Handbook of Financial Management, Revised Edition provides the necessary tools to manage the daily financial operations of private, semiprivate, and municipal golf courses.

Fully updated to address recent changes in the Uniform Accounting System, this helpful tool for understanding and making sound financial decisions discusses records and procedures, details and analyzes the golf course operating statement, and presents:

Two major statements–the income statement and the balance sheet
Techniques for analyzing financial statements
A model for determining the break-even point for golf courses
The budget process, preparation techniques, and control procedures
Methods of analyzing purchase decisions, repair vs. replace, and other nonroutine decisions
Worked-out solutions for solving and preventing commonly encountered problems

Developed as a guide for passing the financial section of the GCSAA certification examination, the Superintendent’s Handbook of Financial Management, Revised Edition is a valuable tool for golf course superintendents, owners, and managers.

About the Author

RAYMOND S. SCHMIDGALL, PhD, CPA, is the Hilton Hotels Professor of Hospitality Financial Management at Michigan State University.

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First Sentence
This chapter introduces the subject of financial management as it applies to the management of golf course operations. Read the first page

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