Quote:
Originally Posted by SirClintonPortis
It's funny that the owners are refusing to show their accounting books. Now, accounting is not the most intuitive subject on the planet(I'm having some difficulties myself), but a lot of it revolves around recording transaction info through the following paradigm:
Assets = Liabilities + Owner's equity.
Equity = revenues - expenses - dividends.
For example, I pay $100 to buy some paper. Cash (an asset) decreases and Supplies(also an asset) increases. When that paper is used up, it becomes an expense. Supplies decrease(asset used up) and expenses increase.
It looks like they have something to hide.
-----------------------------------------
Net profit is described here. Net profit - Wikipedia, the free encyclopedia |
This is one of the more interesting factors in this. The media - who observe these organizations as closely as any outsiders - have so far indicated that the owners do have something to hide and don't want the NFLPA to be able to spin it to the public.