scholarly journals Howzat? The Financial Health of English Cricket: Not Out, Yet

2019 ◽  
Vol 7 (1) ◽  
pp. 11 ◽  
Author(s):  
Daniel Plumley ◽  
Rob Wilson ◽  
Robbie Millar ◽  
Simon Shibli
Keyword(s):  
Structural Changes ◽  
Financial Statements ◽  
Financial Health ◽  
Financial Problems ◽  
England And Wales ◽  
Financial Position ◽  
General Terms ◽  
Revenue Streams ◽  
And Performance

In 1997 a review of the financial health of English county cricket highlighted strategic weaknesses within the professional game, principally an over-reliance by clubs on the annual grants provided to them by the England and Wales Cricket Board (ECB). Without such grants the teams, in general terms, would be insolvent. Using the financial statements of the First Class Cricket Counties, this paper explores how the financial position and performance of the county game has changed, 20 years on from the seminal study. A series of structural changes to the game had been made, yet financial problems are still evident. Counties are as reliant on central grant income as they were in 1997, although there are cases where clubs have made strategic enhancements and are becoming self-sustainable as going concerns. Rather than the ECB directly funding county revenue it should be working in collaboration with individual clubs to achieve developments in the game from the grassroots upwards, in order to help clubs grow their own revenue streams.

scholarly journals Accounting Policies in the Function of Quality Assessment of Financial Statements

2021 ◽  
Vol 59 (3) ◽  
pp. 357-373
Author(s):  
Jelena Raičević
Keyword(s):  
Quality Assessment ◽  
Financial Statements ◽  
Relevant Information ◽  
Cash Flows ◽  
Business Decisions ◽  
Financial Position ◽  
And Performance ◽  
Complex Relationships ◽  
A Company

Abstract Financial statements represent an instrument by which relevant information about a company is passed on to its users. Based on the information presented in the financial statements, i.e. information on the financial position and performance of the company, and generated cash flows and capital, users make business decisions. Specific accounting policies serve as the basis for the preparation of quality financial statements. Management is responsible for the preparation and presentation of financial statements and selects accounting policies. Although simple, the issue of choosing the accounting policies can be extremely delicate and complex. Besides management, there are other stakeholders who may be affected by this issue. As a consequence, there are complex relationships that affect the choice of accounting policies, and thus the quality of financial statements.

Financial Impacts of COVID-19 on Tourism

2021 ◽  
pp. 45-68
Author(s):  
Derya Üçoğlu
Keyword(s):  
Infectious Diseases ◽  
Natural Disasters ◽  
Financial Statements ◽  
Listed Companies ◽  
Financial Impact ◽  
Terrorist Attacks ◽  
First Year ◽  
Financial Position ◽  
And Performance ◽  
Financial Impacts

Tourism is a vulnerable sector to risk-related events such as natural disasters, terrorist attacks, economic crises, or infectious diseases. After the outbreak of COVID-19 being confirmed a pandemic in March 2020, the operations of tourism companies decreased sharply due to the restrictions and measures imposed as the virus was being transmitted easily between people through droplets or particles that float in the air. Therefore, this chapter focuses on the financial impacts of COVID-19 on tourism by examining the financial statements and disclosures of some listed companies. Although there are some studies on the potential effects of the COVID-19 on the economy or the businesses, there are hardly any concerning the financial impact of the pandemic on tourism companies as of the end of pandemic's first year. This study identifies the effect of COVID-19 on the financial position and performance of tourism companies, COVID-19 related risks, the strategies implemented by companies and their possible impact on operations.

ShoppingWithoutDropping.com, Inc.

2002 ◽  
Vol 17 (2) ◽  
pp. 197-209 ◽  
Author(s):  
Michael F. Peters ◽  
Kenneth W. Shaw ◽  
Robert B. Thompson
Keyword(s):  
Accounting Standards ◽  
Financial Statements ◽  
Financial Accounting ◽  
Grocery Shopping ◽  
Order Entry ◽  
Future Earnings ◽  
Financial Position ◽  
Customer Order ◽  
And Performance ◽  
The Impact

This case, based on the activities of a fictional online grocery shopping and delivery service startup, introduces beginning M.B.A. students to financial accounting. The case write-up provides cash inflows and outflows and other detailed information about the firm's first three years of operations, which include sizable expenditures to develop customer order-entry software. Using this information, you are required to prepare comparative accrual-basis financial statements and to explore the impact of alternative accounting treatments on these financial statements for software development expenditures. The purpose of this case is to provide you with an appreciation for financial statements as a device for communicating the firm's financial position and performance, to illustrate some of the problems and ambiguities that arise in implementing accrual accounting, to expose you to the interpretation of actual accounting standards, and to introduce you to the use of historical financial statements in predicting future earnings.

scholarly journals   Models of the realistic reporting of subsidies in the farm accounting

2012 ◽  
Vol 58 (No. 1) ◽  
pp. 34-40
Author(s):  
J. Sedláček ◽  
J. Kouřilová ◽  
J. Pšenčík
Keyword(s):  
Financial Statements ◽  
Income Taxes ◽  
Review Of Literature ◽  
Economic Data ◽  
Tax Base ◽  
Financial Position ◽  
Purchase Cost ◽  
And Performance ◽  
Positive Effect

 The paper deals with subsidies in the agriculture and their sources from the perspective of their recipients. The review of literature points out the significance of subsidies for the economics of agriculture and also for the evaluation of the financial position and performance of entrepreneurial entities. The current national and supranational approaches to reporting subsidies within the farm accounting and financial statements are analyzed. The result of the analysis is an identification of distortions in the reported production power and the value of the company property, caused by the yield method which is based on the matching principle. This is also negatively reflected in the income tax base of the entities. Therefore, for a more real view of the situation in financial statements, two models suitable for reporting subsidies were proposed. These are based on the capital approach. The new approaches represent a transparent reporting of subsidies by their recipients in the form of a long-term financial source; they do not allow them to report unearned yields and, on the other hand, they do allow them to report a subsidized property at an unreduced purchase cost. Thus it is possible to compare economic data of the particular companies. This also has a positive effect on the burden of the subsidy recipients laid by income taxes.  

scholarly journals EVALUATING FINANCIAL HEALTH OF GUJARAT STATE FERTILIZERS THROUGH ‘Z’ SCORE MODEL

2018 ◽  
Vol 6 (7) ◽  
pp. 115-120
Author(s):  
Vikash Saini
Keyword(s):  
Financial Statements ◽  
Business Failure ◽  
Financial Health ◽  
Z Score ◽  
Gujarat State ◽  
Financial Position ◽  
Financial Soundness ◽  
Score Model ◽  
Altman Model

The evaluation of financial health is very useful for financial managers, investors and other users. In this study it is tried to know whether Z score model is able to evaluate financial health of Chambal Fertilizers and Chemicals ltd for past 10 years (2007-08 to 2016-17). Analysis of this paper shows that the model is useful to know the financial soundness of Chambal Fertilizers. In this paper overall results of Z score model indicating that the financial position of the corporation is on alert to exercise the caution. These result shows that Altman model can give good analysis for fertilizers sector in India. Hence it can be concluded that user of financial statements like financial managers, analysts, investors etc can predict business failure or financial soundness of companies through Altman Z score model.

scholarly journals Assessment of financial health of Slovak family businesses using models predicting financial distress

2021 ◽  
Vol 115 ◽  
pp. 02010
Author(s):  
Mária Trúchliková
Keyword(s):  
Risk Management ◽  
Family Business ◽  
Financial Distress ◽  
Financial Statements ◽  
Family Businesses ◽  
Financial Viability ◽  
Financial Health ◽  
Financial Problems ◽  
Different Types ◽  
A Company

The financial health of a company can be seen as the ability to maintain a balance against changing conditions in the environment and companies should pay more attention to the financial viability and risk management. There many models for predicting of financial problems of the companies, especially Altman, Ohlson or Zmijewski are the most cited ones. The main objective of the article is the review and assessment of the level of financial health of Slovak family business in selected industries. The data was obtained from Finstat database and financial statements from 2017, 2018 and 2019 were analysed. For assessing the financial health of selected family businesses 3 models predicting financial distress were used: Kralicek Quick Test, Taffler model and Virág-Hajdu model. The results show how many family businesses are facing to the financial problems using different types of predicting models.

New forms of employment in the context of digitalization of the labor market

2021 ◽  
Vol 27 (1) ◽  
pp. 21-32
Author(s):  
Elina O. Illarionova
Keyword(s):  
Labor Market ◽  
Gender Inequality ◽  
Structural Changes ◽  
Digital Economy ◽  
Distinctive Features ◽  
Female Workers ◽  
General Terms ◽  
Global Trend ◽  
Psychological Insecurity ◽  
Gender Aspect

Nowadays as part of the process of digitalization of the labor market there are structural changes: new forms and types of employment appear. A global trend in recent years is the increase in the number of employees working remotely, which has significant value in difficult epidemiological situation in the world. Today, women are far more at risk of being deprived of the benefits of digital innovations, job losses due to robotics and automatization, have to put much more effort to achieve wage levels of male workers. The article examines the typology of new non-standard forms of employment, their distinctive features. The author highlights the main advantages and risks associated with the wide spreading of new forms of employment in the context of the digitalization of the labor market. The study touches upon the gender aspect, special attention is paid to the analysis of innovative forms of employment and the involvement of women in innovative teams, ICT and STEM-specialties. The factors influencing the formation of innovative behavior in national innovation systems are described. The ways of coordination of state, business and research structures within the framework of "collective action" aimed at stimulating scientific and technological progress in the development of the knowledge economy, the digital economy are outlined. The author also highlighted a number of fundamental reasons for the socio-psychological insecurity of male and female workers associated with the use of non-standard employment, noted in general terms ways of solving problems in the field of precarious employment and leveling gender inequality in the context of the development of the digital economy.

scholarly journals The Economic Sustainability of Snow Tourism: The Case of Ski Resorts in Austria, France, and Italy

2018 ◽  
Vol 10 (9) ◽  
pp. 3012 ◽  
Author(s):  
Jordi Moreno-Gené ◽  
Laura Sánchez-Pulido ◽  
Eduard Cristobal-Fransi ◽  
Natalia Daries
Keyword(s):  
Climate Variability ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Economic Sustainability ◽  
Ski Resorts ◽  
General Terms ◽  
The Future ◽  
Ski Area

The purpose of this article is to analyse whether ski resorts in Europe are economically viable. Data originates from the financial statements of the 61 largest ski lift operators in Austria, France, and Italy. Descriptive statistics reveal that these operators are characterized by positive and relatively high returns, and by having little debt in general terms. The results show that the most economically profitable ski operators are also the largest. The elevation of the ski area is not relevant. Ski lift operators in Austria have a higher profitability than those in France and Italy. Overall, larger ski resorts are better prepared for the future investment needed to adapt to the new conditions in the industry, such as climate variability.

scholarly journals Analysis Of Presentation Of Sharia Financial Statements According To Psak 101 At Pt. Mandiri Sharia Bank

2021 ◽  
Vol 2 (4) ◽  
pp. 1175-1183
Author(s):  
Fera Riske Anggita ◽  
Tommy Kuncara
Keyword(s):  
Accounting Standards ◽  
Secondary Data ◽  
Financial Statements ◽  
Relevant Information ◽  
Financial Accounting ◽  
Financial Statement ◽  
Islamic State ◽  
Literature Study ◽  
Financial Position ◽  
Other Information

The presentation of Islamic Financial Statements has been regulated in PSAK 101 and every bank needs to refer to it. As we know, PT Bank Syariah Mandiri is the number 1 largest Islamic bank in Indonesia and other information obtained by researchers, PT Bank Syariah Mandiri will merge with 2 other Islamic state-owned banks, namely PT Bank BNI Syariah and PT Bank BRI Syariah. Therefore, researchers are interested in examining whether the financial statements of PT Bank Syariah Mandiri are appropriate in applying the application of Financial Accounting Standards 101. The types of data used are qualitative and quantitative data, the data used are general company information and company financial statement information in 2019. Sources the data used is secondary data. The data collection method is literature study. In the financial statements of PT Bank Syariah Mandiri, the bank has reported all components of the financial statements in PSAK 101. In the Statement of Financial Position PT Bank Syariah Mandiri does not include the Istishna Assets in Settlement and Salam Receivable accounts in the Statement of Financial Position, but in PSAK 101 Paragraph 61 explains Statement of Financial Accounting Standards 101 does not regulate the composition or format of presentation of statement of financial position items. PT Bank Syariah Mandiri continues to present relevant information on the Statement of Financial Position. However, in PSAK 101 Paragraph 61 explaining the Statement of Financial Accounting Standards 101 does not regulate the composition or format of the presentation of the statement of financial position. PT Bank Syariah Mandiri continues to present relevant information on the Statement of Financial Position. However, in PSAK 101 Paragraph 61 explaining the Statement of Financial Accounting Standards 101 does not regulate the composition or format of the presentation of the statement of financial position. PT Bank Syariah Mandiri continues to present relevant information on the Statement of Financial Position.

scholarly journals Penyusunan Laporan Keuangan dan Perancangan Aplikasi Keuangan Untuk Usaha Kecil Menengah Studi Kasus pada D’Haus Cake

2020 ◽  
Vol 15 (2) ◽  
pp. 90-96
Author(s):  
Fitra Oliyan ◽  
Elfitri Santi ◽  
Eka Rosalina
Keyword(s):  
Implementation Process ◽  
Financial Statements ◽  
Transaction Processing ◽  
Development Stage ◽  
User Needs ◽  
Application Development ◽  
Financial Position ◽  
Microsoft Access ◽  
System Requirements

This study aims to design accounting applications for the preparation of financial statements at D'Haus Cake's business. The approach used in this research is a case study. The design process begins with studying the transactions and reports that D'Haus Cake’s business needs in the form of purchase and sale transaction forms, and general journals. The required reports are in the form of all transaction journal records, ledgers, trial balances, profit and loss reports, and statements of financial position. After studying the system requirements, then proceed to the application development stage using Microsoft Access 2013 software. The next stage is to test the application to obtain adequate confidence in transaction processing by comparing the results of processing with manual calculations carried out. The implementation process is carried out by converting the initial data on the conversion date and making input transactions up to the company's operating date. After implementing and converting, the final stage is to carry out training for users and carry out a process of improvement and adjustment to the application based on the feedback received from users. The process of designing and implementing the application has been considered successful after the user states that the application has met all user needs and operates well.

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