Currently, professional football clubs only recognise purchased player contracts (player registrations) in their financial statements. The costs associated with home-grown players are expensed. Furthermore, acquired player registrations must be held under the historical cost model because revaluations are only permitted when an active market for identical intangible assets is available. This is rare and results in a club's most important asset class either being excluded from the balance sheet or carried at outdated amounts. Comparability among clubs is also compromised. Clubs with a player development strategy are disadvantaged in comparison to those that actively purchase established players because they report weaker balance sheets. Additionally, because the development and changes in the value of registrations are not accounted for over time, current revenues are mismatched with expenses related to investments in assets distorting performance assessments. In response, the current paper develops a normative framework for accounting for player registrations designed to provide a more detailed and transparent account of how clubs manage these important assets. The model complements financial statements by incorporating elements of historical cost and fair value whilst maintaining compliance with IFRS. The model's practical application is illustrated using three well-known football clubs namely, Arsenal, Everton and Manchester United.

中文翻译：

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美丽的游戏：玩家注册的公允价值、责任和会计

目前，职业足球俱乐部仅在其财务报表中确认购买的球员合同（球员注册）。与本土球员相关的成本已计入费用。此外，获得的球员注册必须在历史成本模型下进行，因为只有在相同无形资产的活跃市场可用时才允许进行重估。这种情况很少见，导致俱乐部最重要的资产类别要么被排除在资产负债表之外，要么以过时的金额进行。俱乐部之间的可比性也受到影响。与那些积极购买老牌球员的俱乐部相比，拥有球员发展战略的俱乐部处于不利地位，因为他们报告的资产负债表较弱。此外，由于注册价值的发展和变化没有随着时间的推移进行核算，当前收入与与资产投资相关的费用不匹配，从而扭曲了业绩评估。作为回应，目前的论文制定了一个规范性框架来计算球员注册，旨在为俱乐部如何管理这些重要资产提供更详细和透明的说明。该模型通过纳入历史成本和公允价值元素，同时保持对国际财务报告准则的遵守，对财务报表进行了补充。该模型的实际应用以阿森纳、埃弗顿和曼联三个著名足球俱乐部为例进行说明。目前的文件制定了一个规范性的球员注册会计框架，旨在为俱乐部如何管理这些重要资产提供更详细和透明的说明。该模型通过纳入历史成本和公允价值元素，同时保持对国际财务报告准则的遵守，对财务报表进行了补充。该模型的实际应用以阿森纳、埃弗顿和曼联三个著名足球俱乐部为例进行说明。目前的文件制定了一个规范性的球员注册会计框架，旨在为俱乐部如何管理这些重要资产提供更详细和透明的说明。该模型通过纳入历史成本和公允价值元素，同时保持对国际财务报告准则的遵守，对财务报表进行了补充。该模型的实际应用以阿森纳、埃弗顿和曼联三个著名足球俱乐部为例进行说明。