Home  Journals  International Accounting  22(220) - 2012 June

Human resources accounting as a factor in increasing investment attraction of Russian professional sport clubs

Available online: 5 June 2012

Subject Heading: Account problems

JEL Classification: 

In connection with the increasing trend for the transition of Russian professional sport on a commercial basis, the practice of underestimating human resources in our country leads to a substantial loss and significantly understates market value of sport clubs, which is particularly relevant in connection with the forthcoming placement of shares in context of stock market trading. In this article different methods of cost accounting for the acquisition of players, which are used in the international practice in order to their use by domestic sport clubs are analyzed. It is concluded that under conditions where intangible assets take the lion's share of non-current capital structure, their competent accounting is an important aspect of determining the fundamental value.

Keywords: professional sport, human resources, intangible asset, accounting, commercialization

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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