ANALYSIS OF MAJOR ASSET STRUCTURE INDEXES OF ORGANIZATIONS DEALING WITH SPORTS ACTIVITIES AND THEIR RELATION WITH THE NOTES TO THE FINANCIAL STATEMENT

• Main Author: KEREZSI Dóra
• Format: Article
• Language: deu
• Published: University of Oradea 2019-07-01
• Series: Annals of the University of Oradea: Economic Science
• Subjects: sports sector; indexes reflecting the financial situation; asset structure indexes; notes to the financial statement.
• Online Access: http://anale.steconomiceuoradea.ro/volume/2019/n1/014.pdf

Sport is one of the most decisive elements of global economy, constantly opening up new and emerging markets, causing profit-oriented companies to appear. The GDP-measurable impact of this industry shows a growing and increasing tendency. Therefore, it was considered important to examine the financial statements of companies involved in sports activities, because if the asset side of the balance sheet of a company is taken into consideration, it can be established that all organizations need to have sufficient stability in order to maintain continuous operation, while adaptability requires appropriate flexibility. In order to make established decisions, it is essential to conduct a thorough economic and financial analysis. This analysis provides the management with crucial information on the operation of the system, and ensures its awareness and a level of knowledge. Our primary objective is to analyse the financial situation of sports companies, including the presentation of major asset structure indexes. The survey involves mapping the relationship of the indexes with the notes to the financial statement, namely their conformity with the mandatory content stipulated by the Accounting Act. The database of the study is established on the financial statements of non-profit and profit-oriented organizations (for the financial years of 2014-2017) engaged in sports activities as their primary business according to TEÁOR 931 (the Hungarian version of NACE). Insufficient information provided by non-profit organizations was a limiting factor of the study, therefore only profit-oriented enterprises were analysed in the scope of the research.