足球運(yùn)動(dòng)員人力資本作為資產(chǎn)計(jì)量的關(guān)鍵因素的案例研究外文翻譯-文庫(kù)吧
2025-04-16 16:02 本頁(yè)面
【正文】 payment for a man... (Department of Education and Science, Point 286, 1968). The approach adopted in this paper is based on that used by Barwise et al (1989) in examining the issue of accounting for brands. The paper first examines the fundementia issues of accounting for an intangible asset, namely the services provided by a football player on behalf of the club holding his registration. Webb and Broadbent (1986) have identified where the information requirements of parties interested in the financial affairs of football clubs differ from those of orthodox mercial organizations. This paper contends that those requirements are not being addressed in respect of this intangible resource. Difficulties in this area are founded on problems of definition and recognition and the approach adopted has been to test the claims of this asset against the UK Accounting Standards Board criteria for definition and recognition of assets. By adopting this approach, the paper aims to demonstrate the argument for the conceptualization as an accounting asset of the services provided by a football player on behalf of the club holding his registration, and to identify the legal and economic realities that differentiate football players from other human resources. The paper secondly considers capitalization of the intangible under different accounting models, examining the validity of the usual distinction between purchased and internally developed intangibles. The paper does not seek to provide a plete measurement model for accounting ine, rather concentrating on the capitalized valuation of the intangible in the balance sheet. Morrow (1995) identified and evaluated three valuation methodologies appropriate to the human resource of football players39。 services. Each model is either currently used in accounting practice by one or more clubs or in some form in the existing market place for players. In this paper these valuation methodologies are tested using case study data. A major Scottish club made available the sensitive information that was required to carry out the study. Other knowledgeable sources assisted as explained in the paper. VALUATION METHODOLOGIES Having demonstrated the case for definition and sufficiency of evidence for recognition, the next consideration is the method of valuation of such assets on the balance sheet and ensuring the reliability of measurement. Morrow (1995) evaluated three valuation methodologies appropriate to the human resource of football players39。 services, each of which either currently is used in accounting practice by one or more clubs, or is used in some form in the existing market place for players. In this section, information provided by a major club during a series of visits to the club is used to illustrate these methods, along with an additional method based on directors39。 valuation. The historical cost model (Method 1), involves capitalizing players acquired by the club via the transfer market on the balance sheet at their cost of registration. The earnings multiplier model (Method 2), involves applying a multiplier to a players earnings to produce a current valuation of that player. The directors39。 valuation model (Method 3) in this case involves capitalizing the players at a value provided jointly by the Chairman and Manager. An independent multiple player evaluation model (Method 4), involves various informed and knowledgeable sources providing a value for the players of the club in que
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