International standards for financial information and accounting recognition of soccer players in sports clubs

Abstract

This research aims to design a guide of accounting procedures for the soccer players’ recognition and measurement in sport clubs in Ecuador. To achieve this, a qualitative approach of inquiry has been used; as well as an interview with the Cuenca sport Club and a document review form that have contributed significantly to this work and its proposal. The results of the investigation indicate that the clubs do not reflect their intangible assets in their financial statements. Based on international methodologies and guidelines of IFRS 38, a guide has been established for the accounting treatment of soccer players in their recognition and measurement stages. The first step would be the revaluation of their current workforce followed by all the processes established in this work to achieve the transparency, reasonableness and comparability which are essential characteristics in accounting.

Keywords

• contabilidad de costes
• estado financiero
• financiación
• derecho de los contratos
• competencia deportiva.