UDC: 658.14/.17 ; 796.332:061(497.11)

DOI: 10.7595/management.fon.2013.0013

Bearing in mind that football has evolved from simple sports event into a specific kind of industry, it is necessary to pay adequate attention to financial reporting of professional football clubs. In principle, financial reporting is determined, among other things, by a legal form of entity. Professional football clubs in Serbia, whether they have a legal form of association or company, report according to Accounting and Auditing Law as well as any other company. The paper indicates the shortcomings of the prescribed balancing scheme for the reporting purposes of football clubs, as well as an inadequate reporting period. The application of a general balance scheme for football clubs reporting makes the basic financial statements virtually useless in understanding the status and development of a club. 

Keywords: financial reporting, professional football clubs, legal form

Vladan Pavlović², Predrag Mijatović³, Srećko Milačić⁴

²University of Pristina, Faculty of Economics (Kosovska Mitrovica)

³Wellness Saruna, Belgrade

⁴University of Pristina, Faculty of Economics (Kosovska Mitrovica)

Download article: Financial Reporting of Football Clubs in R. Serbia