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"Shamateurism" in NZ football

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Posted January 31, 2019 00:26 · last edited January 31, 2019 02:02

2ndBest wrote:

Also amusing how little ACFC break down their costs, compated to SU. Almost like they are trying to hide some things in there. 

Meh

I see different sets of financial statements for similar sized entities every day. They all break down expenses differently based on their accountant's preferences, its really not likely to be anything at all. From first hand experience I'm doubtful that anyone is looking at how they've listed their expenditure and gone "now, how can we make this look good for us?" as opposed to having long establish practices and systems for coding expenditure items

Honestly, the ACFC one is much closer to what I'd prefer than the Southern one (and also much closer to the financial reporting standards), if someone put that expense list in front of me they'd be going away and categorising everything before I audit it.

Is there an expenses note in the ACFC financials? Things are often further broken down in more detail later in the annual report.

Edit: Man, writing about this shark on here makes me feel way less guilty about doing it while working. Not that that stopped me anyway...

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Unknown editor edited January 31, 2019 02:02
2ndBest wrote:

Also amusing how little ACFC break down their costs, compated to SU. Almost like they are trying to hide some things in there. 

Meh

I see different sets of financial statements for similar sized entities every day. They all break down expenses differently based on their accountant's preferences, its really not likely to be anything at all. From first hand experience I'm doubtful that anyone is looking at how they've listed their expenditure and gone "now, how can we make this look good for us?".

Honestly, the ACFC one is much closer to what I'd prefer than the Southern one (and also much closer to the financial reporting standards), if someone put that expense list in front of me they'd be going away and categorising everything before I audit it.

Is there an expenses note in the ACFC financials? Things are often further broken down in more detail later in the annual report.

Unknown editor edited January 31, 2019 00:41
2ndBest wrote:

Also amusing how little ACFC break down their costs, compated to SU. Almost like they are trying to hide some things in there. 

Meh

I see different sets of financial statements for similar sized entities every day. They all break down expenses differently based on their accountant's preferences, its really not likely to be anything at all. From first hand experience I'm doubtful that anyone is looking at how they've listed their expenditure and gone "now, how can we make this look good for us?".

Honestly, the ACFC one is much closer to what I'd prefer than the Southern one (and also much closer to the financial reporting standards), if someone put that expense list in front of me they'd be going away and categorising everything before I audit it.

Unknown editor edited January 31, 2019 00:40
2ndBest wrote:

Also amusing how little ACFC break down their costs, compated to SU. Almost like they are trying to hide some things in there. 

Meh

I see different sets of financial statements for similar sized entities every day. They all break down expenses differently based on their accountant's preferences, its really not likely to be anything at all. From first hand experience I'm doubtful that anyone is looking at how they've listed their expenditure and gone "now, how can we make this look good for us?".

Honestly, the ACFC one is much closer to what I'd prefer than the Southern one (and also much closer to the financial reporting standards), if someone put that expense list in front of me they'd be going away and categorising everything.

Unknown editor edited January 31, 2019 00:40
2ndBest wrote:

Also amusing how little ACFC break down their costs, compated to SU. Almost like they are trying to hide some things in there. 

Meh

I see different sets of financial statements for similar sized entities every day. They all break down expenses differently based on their accountant's preferences, its really not likely to be anything at all.

Honestly, the ACFC one is much closer to what I'd prefer than the Southern one (and also much closer to the financial reporting standards), if someone put that expense list in front of me they'd be going away and categorising everything.

Unknown editor edited January 31, 2019 00:26
2ndBest wrote:

Also amusing how little ACFC break down their costs, compated to SU. Almost like they are trying to hide some things in there. 

Meh

I see different sets of financial statements for similar sized entities every day. They all break down expenses differently based on their accountant's preferences, its really not likely to be anything at all.

Honestly, the ACFC one is much closer to what I'd prefer than the Southern one, if someone put that expense list in front of me they'd be going away and categorising everything.