Bertie wrote:I do hope Rovers comply with the rules when submitting their accounts. Apparently one club went against their accountants advice and included players transfer values as a tangible fixed asset. Not doing this would have reduced their fixed assets and reduce their capital and assests by £780,000.

Plain cheating or cooking the books ?

Surely one employs accountants and follow the rules.

Bertie wrote:I do hope Rovers comply with the rules when submitting their accounts.

Bertie wrote:I do hope Rovers comply with the rules when submitting their accounts. .

Gordon Gekko wrote:It can also help boost a company's credit rating

Bertie wrote:I do hope Rovers comply with the rules when submitting their accounts. Apparently one club went against their accountants advice and included players transfer values as a tangible fixed asset. Not doing this would have reduced their fixed assets and reduce their capital and assests by £780,000.

Plain cheating or cooking the books ?

Surely one employs accountants and follow the rules.

rovers r red wrote:nah, it'd be a lot easier to cheat the salary cap, play players against weaker sides that shouldn't be playing, get to wembley, lose (again) and be proud of your heritage. Then bank the receipts & stick 2 fingers up at the RFL.

berrigans bitch wrote:Can I have a clue please

Bertie wrote:You certainly can.

The last time Hull fc filed their accounts hull went against their accountants adviceand included players transfer values as a tangible fixed asset. not doing this would reduce their fixed assets and reduce their capital and reserve by £780,000. Its not always simple as looking at the headline figures as those accounts show.

HTH.

Gordon Gekko wrote:Do you know why they bother showing these figures in the balance sheet??