Abstract
The accounting for football players is currently not consistent regarding the recognition of players who have been internally developed and those who have been purchased from another club. When a football club purchases the registration rights of a football player, such rights are capitalised as an intangible asset and amortised over the player’s contract period. However, the costs that are incurred in developing home grown players are recognised as an expense and there is no value captured for such players in the financial statements of a football club. There has been previous research on the possible need for the capitalisation of human resources and to place a value on these in the accounting records of an entity, which would include that of football clubs. The accounting principles currently available for accounting for internally generated intangible assets are not likely to change in the short term. Due to this, the need for additional disclosure of non-financial information in the, for instance, integrated report is noted. The objective of this limited scope dissertation is to identify and suggest the most appropriate manner in which to capture the value of football players in financial reporting...
M.Com. (International Accounting)