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The Virtual Terrace • Wigan make massive loss

Lebron James wrote:

What? He was talking about Lenegahn writing off loans that I correctly stated would be disclosed as an extraordinary item so bore off you whopper. If you think a material related party write off shouldn't be disclosed in the accounts you need to go and resit your btec bookkeeping course
I don't think I ever suggested they wouldn't be clearly evident to the user of the accounts? That's the whole point - whatever these owners or clubs do, ultimately any accounting treatment usually gives us a view of what's going on.

The idea that they anything nowadays would be "extraordinary" though.... if we're being picky about accounting standards extraordinary items don't in reality exist any more.

Statistics: Posted by The Ghost of '99 — Sun Sep 24, 2017 9:01 pm — Replies 37 — Views 3462


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