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Disclosure of Financial Statements: A Study on the Level of Accounting Disclosure of Brazilian Soccer Clubs in 2013

2016; UNIVERSIDADE NOVE DE JULHO; Volume: 5; Issue: 3 Linguagem: Inglês

2316-932X

Alyson Gomes de Souza, Wellington Dantas de Sousa, João Carlos Hipólito Bernardes do Nascimento, Juliana Reis Bernardes,

Physical Education and Sports Studies

EnglishThe present study sought to analyze adherence to CFC Resolution No. 1429/13 in elaboration and disclosure of Financial Statements by Brazilian clubs. Through a checklist inspired by Raschka, Wallner and Costa (2008), we analyzed this adherence in 2013. We observed that the specific criteria and procedures for the evaluation, accounting records and structuring of the Financial Statements of professional soccer entities 53.04% of the items recommended by CFC Resolution No. 1429/2013. The results pointed that there is a significant variation in the disclosure process between the clubs, which makes it difficult to understand accounting records and assess the shareholders’ equity of soccer clubs. This lack of standardization to the accounting practices in accordance with NBC ITG 2003 complicates any interpretation of accounting records and assessment of the heritage of soccer bodies, increasing the risk of a wrong decision making on the purchase, sale or training players. These decisions affect the club’s finances, and create barriers to investors, since they cannot identify the real situation of the club and calculate investments. Due to the economic importance, cultural and social development of soccer clubs, this study has greatly contributed to the development of a discussion on accounting level disclosure practiced in the club, as this new standard of conduct seeks to maximize the level of accounting disclosure as a requirement for behavioral change of both the leaders and the organizational, economical and financial development of sports entities. portuguesA presente pesquisa buscou analisar a aderencia, a resolucao CFC n° 1.429/13 na elaboracao e evidenciacao das Demonstracoes Contabeis por clubes brasileiros. Foi utilizado checklist inspirado em Raschka, Wallner e Costa (2008) para analise dessa aderencia no exercicio de 2013. A titulo de resultados, notou-se a falta de uniformidade na apresentacao das Demonstracoes Contabeis pelos clubes de futebol devido a nao observância aos preceitos estabelecidos na norma vigente, dificultando a interpretacao dos registros contabeis e avaliacao do patrimonio dos clubes de futebol. Essa falta de padronizacao as praticas contabeis em conformidade a NBC ITG 2003 dificulta a interpretacao dos registros contabeis e avaliacao do patrimonio das entidades de futebol, aumentando os riscos de uma decisao errada quanto a compra, venda ou formacao de jogadores, decisoes que afetam a vida financeira do clube, alem de criar barreiras para a atracao de investidores, uma vez que estes nao podem verificar com clareza a situacao do clube e calcular o retorno de investimento. Tendo em vista a relevância economica, cultural e social dos clubes de futebol, o presente estudo contribui sobremaneira para o desenvolvimento de uma discussao sobre o nivel de disclosure contabil praticado pelos clubes, dado que este novo padrao de conduta busca maximizar o nivel de evidenciacao contabil como requisito para mudancas de comportamento dos dirigentes e o desenvolvimento organizacional, economico e financeiro das entidades desportivas.