Funding and football: same players, different games

Article Abstract:

Attendance at British professional 'football' or soccer team matches fell in recent years, but not as sharply as cricket and rugby. The Football League operates as a cartel, making financial and other rules that are binding on all the League members. Wages in leisure industries like football tend to be high in Great Britain, so one response to falling attendance has been reduced team size: a 20% drop between 1979 and 1985. It is noted that monetary benefits are considered secondary in British football, and its low dividend returns have made it unappealing to outside investors of risk capital. Individual clubs, especially those not in the first competitive tier of teams, must resort to seeking revenue by commercial approaches such as shirt advertising.

Sports clubs, managers, & promoters, United Kingdom, Usage, Finance, Advertising, Soccer teams, Professional sports, Great Britain, British advertising

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Trainers discover that unity is strength

Article Abstract:

Group training schemes are a good way for small- to medium-sized chartered accountancy practices to provide quality training at low cost. A questionnaire was sent to all group training schemes registered with the Institute of Chartered Accountants in England and Wales to see what differences exist in the schemes, and 23 usable responses were received. It was found that the average number of companies belonging to a group training scheme is 14. Eight of the respondents use an equal partnership basis of membership, seven use a course-only attendance basis, and five have a private sector basis for membership. A question on group policy determined that 45.8% of the schemes have no formal group policies.

Analysis, Training, Accountants, Employee training, Group work in education, Mass instruction

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Time to put 'financial' back into accounting

Article Abstract:

The field of financial accounting is constrained by inappropriate economic values, and financial accounts generally fail to provide financial information that users can understand. Accounting valuation rules commonly ignore the market. Accruals-based accounts supply relatively useless information. By adopting reporting practices that are free of allocations, manipulation of profit figures would be reduced.

Accounting and auditing, Accounting, Valuation, Corporation reports, Company reports

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