Research Report on Football Players
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i3.2366
Abstract
This research report examines the recognition and measurement of football players as intangible assets under IAS 38. It presents a literature review, methodology, critical analysis, and conclusions with recommendations for future research. The study concludes that while players are not intangible assets, transfer player registrations can be recognized as such if they meet IAS 38 criteria. It suggests further research on refining the control concept and recognition conditions for player registrations. The report's limitations include not analyzing contracts of players or locally developed players' accounting treatment.
Keywords
intangible assets; football player registration; accounting standards
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[9]IASB (2018) Conceptual Framework for Financial Reporting. Available at: https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/conceptual-framework-for-financial-reporting.pdf (Accessed: 5 November 2023).
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[15]Morrow, S. (2006) ‘Impression management in football club financial reporting’, International Journal of Sport Finance, pp. 96-108. Available at: https://search.ebscohost.com/login.aspx?direct=true&db=edsair&AN=edsair.core.ac.uk....477e410c6377d10d4b9bae7505e066cd&lang=zh-cn&site=eds-live (Accessed: 18 November 2023).
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[18]PwC (2018) Accounting for typical transactions in the football industry. Available at: https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-9/accounting-for-typical-transactions-in-the-football-industry.pdf. (Accessed: 6 November 2023).
[19]Rowbottom, N. (1999) ‘Intangible asset accounting and accounting policy selection in the football industry’, University of Birmingham eTheses Repository. Available at: https://search.ebscohost.com/login.aspx?direct=true&db=edsble&AN=edsble.519077&lang=zh-cn&site=eds-live (Accessed: 7 November 2023).
[20]Starita, D. (2019) ‘Accounting for football players under IAS/IFRS Regulatory Framework: An analysis of football clubs’ financial statements’, LUISSearch Additions. Available at: https://tesi.luiss.it/24785/ (Accessed: 7 November 2023).
[21]UEFA (2012) Financial fair play and club licensing regulations. Available at: https://www.uefa.com/insideuefa/protecting-the-game/club-licensing/documents/ (Accessed: 7 November 2023).
[22]UEFA (2015) Club Licensing and Financial Fair Play Regulations. Available at: https://www.uefa.com/insideuefa/protecting-the-game/club-licensing/documents/ (Accessed: 9 November 2023).
[2]Benterkia, N. and Benmoussa, K., (2020) ‘Accounting for football player registrations as intangible asset (measurement and disclosure)’, Economic and Management Research Journal, 14(4), pp. 117-136. Available at: https://www.univ-biskra.dz/sites/revue-rem2/images/2021/pdf/Nu04_2020/articles/ARTICLE_21.pdf (Accessed: 7 November 2023).
[3]Biancone, P. and Solazzi, A. (2012) ‘Financial communication in professional football clubs’, Economia Aziendale Online, 3(1), pp. 153–174. doi: 10.4485/EA2038-5498.003.0012.
[4]Campa, D. (2021) ‘Do football player registrations meet the accounting concepts behind the recognition of intangible assets? A discussion of the European context’, Int. J. Sport Management and Marketing, 21(5/6), pp. 348-364. doi: 10.1504/ijsmm.2021.10043932.
[5]Flouti, E. and Akhlaque, S. (2017) ‘Accounting in Football: A Study on the Human resource accounting of football players in Allsvenskan’, UPPSALA UNIVERSITET. Available at: https://www.semanticscholar.org/paper/Accounting-in-Football-%3A-A-Study-on-the-Human-of-in-Akhlaque-Flouti/e8b900c42c7f2ee643683e7eeb2b90885b8dab06 (Accessed: 14 November 2023).
[6]Gazzola, P. and Amelio, S. (2016) ‘Impairment Test in the Football Team Financial Reports’, Procedia - Social and Behavioral Science, 220, pp. 105-114. Available at: https://DOI.org/10.1016/j.sbspro.2016.05.474 (Accessed: 5 November 2023).
[7]IASB (2023) IAS 36 Impairment of Assets. Available at: https://www.ifrs.org/issued-standards/list-of-standards/ias-36-impairment-of-assets.html/content/dam/ifrs/publications/html-standards/english/2023/issued/ias36/ (Accessed: 5 November 2023).
[8]IASB (2023) IAS 38 Intangible Assets. Available at: https://www.ifrs.org/issued-standards/list-of-standards/ias-38-intangible-assets/ (Accessed: 5 November 2023).
[9]IASB (2018) Conceptual Framework for Financial Reporting. Available at: https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/conceptual-framework-for-financial-reporting.pdf (Accessed: 5 November 2023).
[10]Johan, W. and Martin, B. (2014) ‘Accounting and disclosure of football player registrations: Do they present a true and fair view of the financial statements? A study of Top European Football Clubs’, JONKOPING UNIVERSITY. Available at: http://hj.diva-portal.org/smash/get/diva2:721716/FULLTEXT01.pdf (Accessed: 5 November 2023).
[11]Lim, S. C., Macias, A. J. and Moeller, T. (2020) ‘Intangible assets and capital structure’, Journal of Banking & Finance, 118. Available at: https://doi.org/10.1016/j.jbankfin.2020.105873 (Accessed: 13 November 2023).
[12]Maglio, R. and Rey, A. (2017) ‘The impairment test for football players: the missing link between sports and financial performance?’, Palgrave Communications, 3, pp. 1-9. Available at: https://www.nature.com/articles/palcomms201755 (Accessed: 5 November 2023).
[13]Martín, R. G., López, R. Á. and Santín, D. (2019) ‘Valuation of football players in financial statements: the power of the crowd versus transfer fees’, SEMANTIC SCHOLAR. Available at: https://www.semanticscholar.org/paper/Valuation-of-football-players-in-financial-the-of-Mart%C3%ADn-L%C3%B3pez/613786353da8ccbabe161e86e0f08f898bfcb3aa (Accessed: 5 November 2023)
[14]Morrow, S. (1996) ‘Football Players as Human Assets. Measurement as the Critical Factor in Asset Recognition: A Case Study Investigation’, journal of human resource costing and accounting, 1(1), pp. 75-97. doi: 10.1108/eb029024.
[15]Morrow, S. (2006) ‘Impression management in football club financial reporting’, International Journal of Sport Finance, pp. 96-108. Available at: https://search.ebscohost.com/login.aspx?direct=true&db=edsair&AN=edsair.core.ac.uk....477e410c6377d10d4b9bae7505e066cd&lang=zh-cn&site=eds-live (Accessed: 18 November 2023).
[16]Oprean, V. B. and Oprisor, T. (2014) ‘Accounting for Football Players: Capitalization Paradigm vs. Expenditure’, Procedia Economics and Finance, 15, pp. 1647–1654. doi: 10.1016/S2212-5671(14)00636-4.
[17]Pavlovic, V., Milacic, S. and Ljumovic, I. (2014) ‘Controversies about the Accounting Treatment of Transfer Fee in the Football Industry’, Management Journal of Sustainable Business and Management Solutions in Emerging Economies, 19(70), pp. 17-24. doi: 10.7595/management.fon.2014.0001.
[18]PwC (2018) Accounting for typical transactions in the football industry. Available at: https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-9/accounting-for-typical-transactions-in-the-football-industry.pdf. (Accessed: 6 November 2023).
[19]Rowbottom, N. (1999) ‘Intangible asset accounting and accounting policy selection in the football industry’, University of Birmingham eTheses Repository. Available at: https://search.ebscohost.com/login.aspx?direct=true&db=edsble&AN=edsble.519077&lang=zh-cn&site=eds-live (Accessed: 7 November 2023).
[20]Starita, D. (2019) ‘Accounting for football players under IAS/IFRS Regulatory Framework: An analysis of football clubs’ financial statements’, LUISSearch Additions. Available at: https://tesi.luiss.it/24785/ (Accessed: 7 November 2023).
[21]UEFA (2012) Financial fair play and club licensing regulations. Available at: https://www.uefa.com/insideuefa/protecting-the-game/club-licensing/documents/ (Accessed: 7 November 2023).
[22]UEFA (2015) Club Licensing and Financial Fair Play Regulations. Available at: https://www.uefa.com/insideuefa/protecting-the-game/club-licensing/documents/ (Accessed: 9 November 2023).
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