4D
Or not 4D that is the question
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I can't bear it 🙄
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« Reply #11310 on: Friday, March 1, 2024, 08:58:32 » |
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No p&l Aud?
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Ardiles
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Stirlingshire Reds
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« Reply #11311 on: Friday, March 1, 2024, 09:01:02 » |
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Yet the majority of clubs at this level don't produce detailed accounts?
And therein lies the problem. (Or one of them.) It's systemic. RobT is right. Producing a set of readable accounts each month (let alone once a year) that breaks out all the key Balance Sheet and Profit & Loss captions with a meaningful level of detail/granularity is a bog standard task for most businesses, even SMEs. All you need is a properly implemented Finance/ERP system, a competent accountant/Financial Controller who knows how to use it and an Accounts Assistant who can record financial transactions in a timely manner. I have zero sympathy with any business that's unable to complete this task over an extended period. Businesses can get themselves in to a mess - but with some effort & resolve, you can generally turn that around within the space of 6 to 12 months. To have a situation dragging on for years, in my view, points to a leadership that does not want a transparent financial record to be released...for whatever reason.
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« Last Edit: Friday, March 1, 2024, 09:04:27 by Ardiles »
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The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #11312 on: Friday, March 1, 2024, 09:02:06 » |
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I think the rules are changing to make clubs produce full accounts.
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wokinghamred
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« Reply #11313 on: Friday, March 1, 2024, 09:08:33 » |
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And therein lies the problem. (Or one of them.) It's systemic.
RobT is right. Producing a set of readable accounts each month (let alone once a year) that breaks out all the key Balance Sheet and Profit & Loss captions with a meaningful level of detail/granularity is a bog standard task for most businesses, even SMEs. All you need is a properly implemented Finance/ERP system, a competent accountant/Financial Controller who knows how to use it and an Accounts Assistant who can record financial transactions in a timely manner.
I have zero sympathy with any business that's unable to complete this task over an extended period. Businesses can get themselves in to a mess - but with some effort & resolve, you can generally turn that around within the space of 6 to 12 months. To have a situation dragging on for years, in my view, points to a leadership that does not want a transparent financial record to be released...for whatever reason.
Its a competitive world. Clubs don't want other clubs to know the details of their commercial arrangements/performance.
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4D
Or not 4D that is the question
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I can't bear it 🙄
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« Reply #11314 on: Friday, March 1, 2024, 09:11:06 » |
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Transparency used to be a buzz word a couple of years ago
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Jimmy HaveHave
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« Reply #11315 on: Friday, March 1, 2024, 09:13:16 » |
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Opaque is the new version
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Clem, hurry up and sell up🤡
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Ardiles
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« Reply #11316 on: Friday, March 1, 2024, 09:18:53 » |
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Its a competitive world. Clubs don't want other clubs to know the details of their commercial arrangements/performance.
You could apply that to every business, everywhere.
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STFC_Manc
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« Reply #11317 on: Friday, March 1, 2024, 09:19:27 » |
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The point appears to be you don't like any negativity towards the club.
I've always said that the club should produce more detailed accounts, which is negative to the club as they don't? If I'm not allowed to state a point, after some one went on a rant then I do apologise.
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Bennett
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« Reply #11318 on: Friday, March 1, 2024, 09:38:11 » |
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https://www.swindontownfc.co.uk/news/2021/july/club-statement2/"I will provide full transparency of the financial position of the club at all times"
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This is the water. And this is the well. Drink full and descend. The horse is the white of the eyes and dark within.
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The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #11319 on: Friday, March 1, 2024, 09:38:43 » |
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I can’t see how a club publishing a full set of accounts can give any other club a competitive edge. It’s not as if each individual player’s wages are revealed or what the overall playing budget is.
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Nemo
Shit Bacon
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« Reply #11320 on: Friday, March 1, 2024, 09:41:06 » |
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Which to be fair was a stupid thing to promise - full transparency is well beyond what anyone actually wants! I do not need to know how much Tyrese Shade's appearance bonus is.
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The Artist Formerly Known as Audrey
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?Absolute Calamity!?
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« Reply #11321 on: Friday, March 1, 2024, 09:42:48 » |
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I’m sure he didn’t mean that detailed.
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Bennett
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« Reply #11322 on: Friday, March 1, 2024, 09:44:48 » |
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Which to be fair was a stupid thing to promise - full transparency is well beyond what anyone actually wants! I do not need to know how much Tyrese Shade's appearance bonus is.
I agree. I just thought I'd add a level of transparency to expectations that had been set
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This is the water. And this is the well. Drink full and descend. The horse is the white of the eyes and dark within.
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Bennett
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« Reply #11323 on: Friday, March 1, 2024, 09:46:05 » |
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I can’t see how a club publishing a full set of accounts can give any other club a competitive edge. It’s not as if each individual player’s wages are revealed or what the overall playing budget is.
Additionally accounts do come out a year in arrears
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This is the water. And this is the well. Drink full and descend. The horse is the white of the eyes and dark within.
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Batch
Not a Batch
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« Reply #11324 on: Friday, March 1, 2024, 10:38:12 » |
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Its a competitive world. Everything Counts (In Large Amounts) ... Picture it now, see just how The lies and deceit gained a little more power Confidence taken in By a suntan and a grin
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