Objetivo: Analisar o desempenho econômico-financeiro dos clubes de futebol com as vinte maiores receitas do mundo e aplicar as técnicas de análise das demonstrações contábeis de índice padrão e ...modelo de solvência. Método: De forma descritiva, com uma abordagem quantitativa e, do ponto de vista dos procedimentos técnicos, como uma pesquisa bibliográfica e documental, aplicou-se os indicadores de liquidez, endividamento e rentabilidade às demonstrações contábeis dos vinte clube com as maiores receitas mundiais. Para a construção do índice-padrão, distribuiu-se os indicadores na classe de percentis decis, demonstrando o resultado e interpretação para cada clube. Originalidade/Relevância: A relevância da pesquisa encontra-se pautada na necessidade de alinhar o desempenho esportivo ao financeiro, valorizando uma gestão responsável, transparente e profissional que utiliza de técnicas e estratégias de gestão na captação, aplicação e administração dos recursos financeiros, além de servir de parâmetro para avaliação do desempenho de demais entidades desportivas. Resultados: De forma geral, destaca-se que os clubes apresentaram níveis de liquidez abaixo do recomendado pela literatura acadêmica, financiamento de suas atividades, majoritariamente, com capital de terceiros e proporção de dívidas maior a curto prazo. Quanto à rentabilidade, mesmo sendo clubes com grande captação de receitas, apenas uma pequena parte desta transformou-se em lucro, demonstrando uma grande estrutura de custos e despesas. Contribuições teóricas: Com base nas lacunas identificadas, esta pesquisa contribui para a evidenciação da importância de uma gestão profissional nos clubes desportivos, salientando que o desempenho financeiro correlaciona-se com os resultados alcançados esportivamente Palavras-chave: Indicadores financeiros. Índice-padrão. clubes desportivos. Cite como American Psychological Association (APA) Mendes, R. C, & Gonçalves, R. S. Terceiro tempo: análise do desempenho financeiro dos maiores clubes desportivos mundiais e aplicação das técnicas de índice padrão e modelo de solvência. PODIUM Sport, Leisure and Tourism Review, São Paulo, 10(4), 1-21. Objective: Analyze the economic and financial performance of football clubs with the twenty largest revenues in the world and apply the analysis techniques of the financial statements of standard index and solvency model. Method: In a descriptive manner, with a quantitative approach and, from the point of view of technical procedures, such as a bibliographic and documentary research, the liquidity, indebtedness and profitability indicators were applied to the financial statements of the twenty clubs with the highest worldwide revenues. For the construction of the standard index, the indicators were distributed in the percentile percentile class, showing the result and interpretation for each club. Originality / Relevance: The relevance of the research is based on the need to align sporting and financial performance, valuing responsible, transparent and professional management that uses management techniques and strategies in the capture, application and administration of financial resources, in addition to serve as a parameter for evaluating the performance of other sports entities. Results: In general, it is noteworthy that the clubs presented liquidity levels below that recommended by the academic literature, financing of their activities, mostly, with third party capital and a higher proportion of debts in the short term. Regarding profitability, even though they are clubs with a large revenue collection, only a small part of this turned into profit, demonstrating a large structure of costs and expenses. Theoretical contributions: Based on the identified gaps, this research contributes to highlight the importance of professional management in sports clubs, emphasizing that financial performance is correlated with the results achieved in sports. Keywords: Financial indicators. Standard index. sports clubs. Objetivo: Analizar el desempeño económico y financiero de los clubes de fútbol con los veinte mayores ingresos del mundo y aplicar las técnicas de análisis de los estados financieros de índice estándar y modelo de solvência. Método: Descriptivamente, con un enfoque cuantitativo y, desde el punto de vista de los procedimientos técnicos, como una investigación bibliográfica y documental, los indicadores de liquidez, endeudamiento y rentabilidad se aplicaron a los estados financieros de los veinte clubes con los mayores ingresos mundiales. Para la construcción del índice estándar, los indicadores se distribuyeron en la clase de percentil percentil, mostrando el resultado y la interpretación para cada club. Originalidad / Relevancia: La relevancia de la investigación se basa en la necesidad de alinear el desempeño deportivo y financiero, valorando la gestión responsable, transparente y profesional que utiliza técnicas y estrategias de gestión en la captura, aplicación y administración de recursos financieros, además de Servir de parámetro para evaluar el rendimiento de otras entidades deportivas. Resultados: En general, cabe destacar que los clubes presentaron niveles de liquidez inferiores a los recomendados por la literatura académica, financiando sus actividades, principalmente, con capital de terceros y una mayor proporción de deudas a corto plazo. En cuanto a la rentabilidad, a pesar de que son clubes con una gran recaudación de ingresos, solo una pequeña parte de esto se convirtió en ganancias, lo que demuestra una gran estructura de costos y gastos. Contribuciones teóricas: con base en las brechas identificadas, esta investigación contribuye a resaltar la importancia de la gestión profesional en los clubes deportivos, enfatizando que el rendimiento financiero está correlacionado con los resultados logrados en los deportes. Palabras clave: Indicadores financeiros. índice estândar. clubes deportivos.
SUMMARY
Independent assurance of extended external reports (EER) is one of the most significant trends in today’s global assurance profession. When companies decide to purchase third-party assurance ...on EER, they need to decide whether to engage their financial statement auditor or a different assurance provider. We examine factors that impact this decision, and the consequences of this decision on financial statement audit quality and cost. We find that independence concerns are associated with companies choosing different EER assurance providers from their incumbent financial statement auditors, while providers’ expertise in EER assurance and the recent trend of integrating nonfinancial information into the annual report promote the use of the same provider. We further find some evidence that companies with the same provider attesting to both financial statements and EER benefit from having higher financial statement audit quality without paying significantly different audit fees.
This paper primarily focuses upon the adoptability of set of governance mechanisms evolved by the Securities and Exchange Commission of Pakistan (SECP) by the listed firms at Pakistan Stock Exchange ...(PSX). Purposefully, one of the heavily contributing industries of Pakistan, textile spinning industry has been targeted. Empirical estimation underwent the data of listed firms at PSX for the period of 2010-2018. Sources of the data were annually audited financial statements published by firms, Balance Sheet Analysis (BSA) and Financial Statement Analysis (FSA) published by the State Bank of Pakistan (SBP). Descriptive analytical reasoning along with panel data methodological adaptations including location and time fixed effects were conducted. Conclusions drawn upon the basis of estimation deduced that governance mechanisms carved by SECP, influenced the performances of listed firms positively and significantly.
ABSTRACT
Policies and procedures that centralize decision making within an audit firm create auditor style effects. Prior research suggests this style increases financial-statement comparability, ...implicitly making financial statements more useful. However, a potential hazard of auditor style is the propagation of decision errors. We examine the association between auditor style and common disclosure issues among audit clients. We measure auditor style as the presence of a common auditor and use comments given in the Securities and Exchange Commission’s (SEC’s) filing-review process to measure the occurrence of common disclosure issues. We find that auditor style is associated with common disclosure issues among Big 4 clientele. We also find that clients with the same auditor converge in issues as tenure increases and some evidence that clients assume the issues of a subsequent auditor. These results provide the first evidence that auditor style has potential costs in the form of common disclosure issues.
Data Availability: All data are publicly available.
JEL Classifications: M41; M42.
O futebol é o esporte mais popular do mundo e movimenta cifras significativas. Além dos resultados dentro de campo, cresce a busca por informações referentes a sustentabilidade econômica dos clubes ...de futebol. Diante disso, é necessário a transparência por parte dos clubes, publicando suas demonstrações contábeis seguindo as normas estabelecidas. Por meio delas, é possível calcular os indicadores econômicos e financeiros, mensurando a situação financeira da entidade. Sendo assim, esta pesquisa tem como objetivo analisar os principais indicadores econômicos e financeiros dos clubes da Região Sul, participantes das séries A e B do Campeonato Brasileiro 2022. Para isso, foi realizada uma pesquisa bibliográfica e documental com abordagem qualitativa, a fim de adquirir o embasamento teórico acerca do tema. Após, foi realizada a coleta de dados através das demonstrações contábeis publicadas pelos clubes, referentes aos anos de 2017 a 2021 para possibilitar o cálculo dos indicadores de liquidez, rentabilidade e endividamento. Os resultados encontrados foram organizados em tabelas, facilitando o processo de compreensão e análise. Observou-se, entre outras coisas, baixos índices de liquidez e grande dependência de capital de terceiros para manter a atividade operacional. Também foi possível notar o impacto da pandemia da Covid-19 em seus resultados. Em relação às informações relacionadas a sustentabilidade econômica dos clubes analisados pode-se concluir que, embora haja uma pequena evolução dos indicadores, a situação financeira dos clubes é delicada e necessita de atenção de sua administração e de seus torcedores.
The purpose of this study is to examine whether the Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP) in BUMDes Luhur Sepakat financial statements have gone well in ...accordance with SAK ETAP in which there are balance sheets, income statements, statements of changes in equity, statements of cash flows and records on the financial statements. BUMDes Luhur Sepakat is one of the BUMDes in Padang Jaya District. The initial capital source for the formation of BUMDes comes from the Village Budget (APB desa). To answer the problems regarding the application of financial statements, the data analysis method used in this study is a comparative method by comparing SAK ETAP and BUMDes Luhur Sepakat financial statements. The results of this study showed that the financial report of BUMDes Luhur agreed Sido Luhur Village has not matched the SAK ETAP. Balance sheet and Income statement are made correctly. BUMDes Luhur agreed not to make statements of cash flows, equity changes reports, and records of financial statements. The reporting of financial information continues to be done routinely, and the caretaker BUMDes Luhur agreed already accountable for the financial report with the deliberation to the community at the end of the year.
This study aims to explore the extent and nature of sustainability reporting practices of the largest public oil and gas companies in Russia. It further investigates the impacts of possible ...underlying factors on the quality of sustainability information in the given emerging economy. This study uses data on sustainability performance manually collected from sustainability reports and annual reports and financial data extracted from audited financial statements available on company websites. The results reveal that standalone sustainability reporting, firm age, and auditor type are the main factors in the dissemination of sustainability information in the Russian context. The findings suggest that companies with a share of foreign ownership disclose more transparent sustainability information than companies owned only by local investors. Additionally, companies that prepare sustainability reports only in Russian provide more valuable sustainability information than companies that publish reports in both English and Russian. The findings of the study are useful for regulators, policymakers, global investors, and managers in promoting the high application standards of the Global Reporting Initiative framework, formulating corporate disclosure policies for listed companies, and developing sustainability practices in the context of emerging markets.
•Standalone sustainability reporting provides more sustainability information.•Firm age and auditor type are positively related to sustainability disclosure.•Sustainability reports in Russian provide more extensive information.•Foreign ownership has a positive impact on sustainability reporting.
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