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Faculty of Physical Education and Sports, University of East Sarajevo , Lukavica , Bosnia and Herzegovina
Faculty of Physical Education and Sports, University of East Sarajevo , Lukavica , Bosnia and Herzegovina
Faculty of Physical Education and Sports, University of Banja Luka , Banja Luka , Bosnia and Herzegovina
This paper investigates the budgeting process in sports organizations, with special emphasis on the example of the organization of a ski camp. The goal of the research is to analyze this process using the organization of a ski camp as a concrete example, identifying the key elements of the budget and investigating the impact of financial management on the success and sustainability of the camp. The methodology includes a detailed analysis of financial data, income, and expenses related to the organization of ski camps, to gain insight into the process of making financial decisions. The research results indicate the importance of effective financial management for the success of sports organizations, especially in the context of specific sports activities such as skiing. This paper provides useful guidelines for improving financial management in sports organizations in the future.
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