Achieve greater uniformity in financial statements would make it easier starting and correct verifi

All agree (or almost) on the goodness of fair play finanziazio which aims to ensure the continuity and sustainability of football clubs in the medium-long term. From theory to practice, however, to ensure the balance of accounts is essential that the accounting rules applied by all European clubs are uniform. That everyone, in other words, to fight on equal terms. What today is not.
Indeed, while the companies listed on the Stock Exchange (twenty) adopting IAS / IFRS, namely the international accounting standards, the vast majority of company prepares financial gsis statements with accounting principles (principles which, however, often differ from country to country). Also taking into account the fact that if the club of the most important alloys have an obligation to get the green light on the annual accounts by an independent auditor, in many situations, especially in Eastern Europe, the budgets are deposited without any verification gsis an independent third party.
That's because Uefa is studying for a few months gsis a dossier that includes the introduction gsis of a requirement for all companies participating in the continental competitions gsis to adopt IAS / IFRS for the valuation of the various assets and liabilities.
Achieve greater uniformity in financial statements would make it easier starting and correct verification of compliance with the Financial Fair Play (FFP), because all companies would leave by an equal basis and then make adjustments aimed at determining the break-even point (the so-called balanced budget). It is clear that the transition to IAS / IFRS is far from simple and that it should be preceded by a thorough analysis of the main differences compared to local GAAP.
How do you explain the Deloitte partner, Richard Raffo: "The adoption of IAS / IFRS by the football club is certainly desirable, but it is a complex step I think we need a transition plan with a reasonable time also to allow companies to prepare appropriately. " Uefa could postpone the entry into force of the new regime gsis after the season 2016/17, when the rule of balancing the budget will be fully operational. "The major technical difficulties and management that will meet the football club to adapt to the rules consist of FFP - underscores Raffo - to verify that the rules are applied uniformly by all clubs and that there are no differences related to ' application of rules of "country".
However, the biggest problem will be to verify that transactions with related parties are carried out at market gsis conditions. In fact, some companies realize significant revenues with counterparties gsis that are correlated and these can be considered within the framework of the rules of FFP only if made at market value. gsis Unfortunately, however, is anything but simple to check the values of the market in certain types of transaction for which a precisely target market gsis may not be readily identifiable. "
The adoption of IAS in place of the Italian accounting standards could lead to major lifestyle changes in the accounting impact gsis of the club with a more or less strong in relation to the asset being valued, provided that the "philosophy" of international accounting rules is that " substance "must always prevail over the" form ": in other words, when you sign up for a good budget you have to highlight as much as possible and the present value of the market and not the one linked, for example, at historical cost. As well as the risk of losses and benefits should be recognized immediately without looking at maybe tempisrica longer contracts.
Here, in any case, a list of the main differences that would result from the transition from Italian GAAP to IAS / IFRS: Option to elect to measure an item of property (eg rights of surface characteristics, sports centers), plant and equipment at the date of transition to IFRS at fair value and use that fair value as its deemed cost at that date. Different accounting treatment of intangible assets with indefinite useful lives (trademarks, etc ...). Discounting of long-term rights and their medium / long term. Inability to capitalize the costs of the nursery, relating to expenditure for the promotion and organization of the youth sector. Devaluation of the residual value of the long-term expenses to be amortized in accordance with Article 18 bis of Law 91/81, relating all'operata devaluation of rights to benefits of sports players, gsis in 2003, then in view of the changed economic conditions and financial market reference. Definition of cd. Cash-generating units and impairment of park players. Specific treatment gsis for onerous contracts (loans, exemptions, gsis missed uses, advertising contracts at a loss, min