Financial Knowledge and Problems in the Industry

Question

Description

Hi,

I would like you to explain what accounting, economics, and finance mean to you - and how each area interrelates and builds on each other.  Feel free to explain this in terms of your personal and professional experiences. (70 words)

Then explain what happens when financial functions fail in a sport organisation. Find a specific example and provide a synopsis of how the financial mismanagement or negative financial situation hindered the success of the sport organisation. (205 words)