Particularități contabilității în cluburile de fotbal

Abstract

Football has become a profitable industry in recent decades, attracting millions of spectators. This paper analyzes the economic impact of football and its accounting and financial reporting. In most industries, human resources are treated as an expense or cost, but in football, players are seen as valuable assets. The paper examines the unique accounting and financial reporting practices in football, including the recognition and treatment of player contracts, information included in financial reports, and the financial reporting standards used. Clubs must meet specific financial criteria, including compliance with International Financial Reporting Standards, to be licensed and participate in national and international competitions. Proper payment management is crucial, as overdue payments can result in severe consequences for football clubs, such as legal action, point deductions, fines, and even license refusal. The accounting of football clubs operates based on player contracts rather than the players themselves, and the paper explains how intangible assets, such as player contracts, are recognized and reported in financial statements. DOI: https://doi.org/10.53486/sstc.v2.36; CZU: 657:796.332; JEL: M41, M48