This course examines key finance and investment considerations relevant to ski area operations and management. This requires an understanding of seasonality and climatic variability, and how these two areas affects capital structure and expenditure, cash flow, budgeting of labor and resources, and forecasting activities. The use and creation of financial statements and other performance indicators is also examined. Examination of the different forms of ski area ownership and investment that can be found around the world is also addressed, including community non-profit financing, government financing, the role of private investors and investor groups, real estate investment trusts (REITs), and publicly-traded corporations, as well as process of resort valuation, whether for taxation purposes or acquisition.
This course can be applied toward:
Textbooks and Materials
- Entrepreneurial Finance, 6th Ed. (2014)
Adelman, P.J. & Marks, A.M.
Not available at the CSU Bookstore
Prior to earning his Ph.D. in Human Dimensions of Natural Resources, Alan Bright earned a BA in Accounting, an MBA, his CPA certificate, and spent several years working in the private sector in public accounting and banking. He teaches numerous business-related courses in the Masters of Tourism Management program, including Tourism Finance, Tourism Law, and Organizational Management in Tourism.