Basic Accounting and Financial Management for Club Managers

NCCU Author/Contributor (non-NCCU co-authors, if there are any, appear on document)
Ed Rehkopf, Donor to Hospitality and Tourism Administration (Creator)
North Carolina Central University (NCCU )
Web Site:

Abstract: Accounting, when taken in the totality of its purpose, disciplines, and jargon, can seem a bewildering thicket of confusion for the layman. Everything from Generally Accepted Accounting Principles, to debits and credits, to balance sheets seems designed to be as obscure and confusing as possible. Yet the purpose of accounting is quite simple – to record and “account” for all the business transactions of an enterprise.To demystify accounting and to provide a basic understanding of the most prevalent accounting activities in clubs, Private Club Performance Management has developed this handbook for managers and supervisors.The underlying premise of this handbook is to put all the accounting activities that managers encounter in the pursuit of their duties into the simplest terms possible. Whenever appropriate we do this by comparing them to something we each do routinely; that is, to keep track of our personal finances.We hope that this material will be helpful and will make a sometimes-confusing subject a little bit clearer. As you progress through your career and have more exposure to the principles and terms of accounting, you will find that much of it will become second nature, but the foundation for your understanding will be the basics presented here.

Additional Information

Language: English
Date: 2021

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