The Long Awaited Accounts....

[Risso]

Sorry, that's not right.  If you sign a player on a free, then the value on the balance sheet is £nil.  Same with kids that come through the academy.  Whatever you get in insurance has nothing to do with their value in the accounts.

So what would be asset on the balance sheet to offset the player's liabilities, ie. contract, signing-on fee, etc

Nothing.  Signing on fees are a P&L expense.

Not so.

Per the 2015 accounts 'the costs associated with the acquisition of players' registrations are capitalised as an intangible fixed asset at the date of acquisition'.  Whilst it's not explicit I think it's safe to say this would include all incremental costs associated with the acquisition of player registrations, including signing on fees.

Indeed so.  That's the actual cost of the player that gets capitalised.  The note about players' signing on fees and loyalty fees gives a bit of a clue as how they're accounted for, if you're struggling, i.e. "Signing on fees payable to players.....are recognised in operating expenses as incurred." 

Deary me, with comments like that it's no wonder you make friends so well around here.

The bit you conveniently missed out of that section relates to loyalty fees and what happens when players are sold midway through a contract.  If you read the whole note it's pretty clear signing on fees aren't always "incurred" at the start of the contract.

Good lord.  Signing-on fees aren't incurred when a player signs on? I haven't seen such an inept display from a so called accountant since the Oscars ceremony last night.

[Sexual Ealing]

I like the way this thread is going.

Two accountants fighting. It's even more fascinating than the Newcastle pre-match thread.

I like to think it's two accountants fighting over me. A tug of love, in every way.

[Sexual Ealing]

When you move to Ely dear boy, you will be Sexual Ely.  I do hope you come, the Fens do so need men in green visors.

I'm very keen on the idea of Ely, Brian. I'd love a return to EA. Sadly, Mrs E has her heart set on Worthing and I don't have the stomach for the battle.

[ciggiesnbeer]

And I thought buying a car was the worst investment you could make.

[PeterWithe]

I like the way this thread is going.

Two accountants fighting. It's even more fascinating than the Newcastle pre-match thread.

An Internet slanging match is a bit unedifying though, I'd think pistols at dawn would be more appropriate for the professions?

[themossman]

This is actually pretty interesting. I feel like I've learned something today. However, I still can't think of a way to say our players are shit by reference to the accruals concept. Can we just agree the players are shit and move on?

[Richard E]

I like the way this thread is going.

Two accountants fighting. It's even more fascinating than the Newcastle pre-match thread.

An Internet slanging match is a bit unedifying though, I'd think pistols at dawn would be more appropriate for the professions?

That or an exchange of tersely worded emails.

[themossman]

Yes, ideally involving the words 'I shall revert in due course'. Or is it just you solicitors that are allowed to use that?

[Richard E]

Yes, ideally involving the words 'I shall revert in due course'. Or is it just you solicitors that are allowed to use that?

Yes. And things like 'Thank you for your letter of 15th ultimo.'

[Risso]

I like the way this thread is going.

Two accountants fighting. It's even more fascinating than the Newcastle pre-match thread.

An Internet slanging match is a bit unedifying though, I'd think pistols at dawn would be more appropriate for the professions?

That or an exchange of tersely worded emails.

Calculators at dawn.  First one to type "BOOBLESS" wins.

[BOB MANSFIELD]

Don't Accountants ( including Chartered ) communicate in Excel spreadsheets ? ( Or - given our current sponsors - Quick Books )

[olaftab]

YESSSSSSSSSSSS! I'm going to buy a green viser and some of those elbow shirt clips. I've instructed my agent to get me a move to Guernsey. I appreciate your interest, Risso, and good luck for the rest of the season.

SE before you disappear to shores richer can you use your new found expertise to help me understand Anglian Windows discount policy?

[olaftab]

Don't Accountants ( including Chartered ) communicate in Excel spreadsheets ? ( Or - given our current sponsors - Quick Books )

Bob why are you making negative comments?

[Sexual Ealing]

YESSSSSSSSSSSS! I'm going to buy a green viser and some of those elbow shirt clips. I've instructed my agent to get me a move to Guernsey. I appreciate your interest, Risso, and good luck for the rest of the season.

SE before you disappear to shores richer can you use your new found expertise to help me understand Anglian Windows discount policy?

Multiply the number of windows needed by the temperature when each of them is open. Add on Christmas tax and multiply by pi2. You'll get a fiver off per window, assuming that there's been no weather for 3 consecutive weeks in any 8 week period. More if you want glass.

[PeterWithe]

That's a more realistic sales pitch than we got from a window bloke a few years ago.