In fact
The introduction of Financial Reporting Standard (FRS) 10, Goodwill and intangible assets in December 1997 (applicable for accounting periods ending on or after 23 December 1998) means that some consistency has now been brought into this area. Under FRS 10, when a club signs a player through the transfer market, it is required to include the cost of acquiring the player?s registration as an intangible fixed asset on its balance-sheet. In subsequent financial years this cost is then amortised (or written off as an expense) through the profit-and-loss account over the length of his contract.
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Posted By: The King of Prussia on December 1st 2006 at 21:55:30
Message Thread
- Value of intangible fixed assets (NCFC) - The King of Prussia, Dec 1, 20:13:59
- Fotball players in a balance sheet have no value. (n/m) (NCFC) - lovely old job, Dec 1, 21:59:18
- exactly that's why the contract value is an asset as well as a liability, it would never (NCFC) - lovely old job, Dec 1, 22:23:06
- sorry Tudders wrong place see above (n/m) (NCFC) - lovely old job, Dec 1, 22:24:12
- oh fuck it bye bye, I need more Leffe. (n/m) (NCFC) - lovely old job, Dec 1, 22:24:37
- sorry Tudders wrong place see above (n/m) (NCFC) - lovely old job, Dec 1, 22:24:12
- Wrong (NCFC) - The King of Prussia, Dec 1, 21:59:59
- Not wrong because the asset value will have an equal amount in the creditors column as a (NCFC) - lovely old job, Dec 1, 22:13:02
- FFS - theres some crap posted on this bb about the Accounts (n/m) (NCFC) - Commisar_Canary, Dec 2, 07:46:01
- Don't understand that at all (NCFC) - The King of Prussia, Dec 1, 23:14:05
- I am not sure because I have not read my copy of the accounts yet, but if a player is (NCFC) - lovely old job, Dec 1, 23:46:25
- what a load of rubbish (n/m) (NCFC) - Commisar_Canary, Dec 2, 07:47:09
- Out of my depth here (NCFC) - The King of Prussia, Dec 1, 23:49:56
- I am not sure because I have not read my copy of the accounts yet, but if a player is (NCFC) - lovely old job, Dec 1, 23:46:25
- and surely the value is subjective? (n/m) (NCFC) - tudders, Dec 1, 22:14:03
- Is it every time? (NCFC) - The King of Prussia, Dec 1, 23:17:16
- Not wrong because the asset value will have an equal amount in the creditors column as a (NCFC) - lovely old job, Dec 1, 22:13:02
- exactly that's why the contract value is an asset as well as a liability, it would never (NCFC) - lovely old job, Dec 1, 22:23:06
- Not sure I follow (NCFC) - talbotsunbeamer, Dec 1, 21:36:40
- No (NCFC) - The King of Prussia, Dec 1, 21:50:48
- In fact (NCFC) - The King of Prussia, Dec 1, 21:55:30
- well done K o P. (n/m) (NCFC) - Commisar_Canary, Dec 2, 07:49:04
- In fact (NCFC) - The King of Prussia, Dec 1, 21:55:30
- No (NCFC) - The King of Prussia, Dec 1, 21:50:48
- the fact that we paid 3.5 for earnie (NCFC) - Willsnarf1983, Dec 1, 20:47:48
- Fotball players in a balance sheet have no value. (n/m) (NCFC) - lovely old job, Dec 1, 21:59:18
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