IFRS and football finance

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. The majority of footballers currently accounted for under which standard?

  2. If registration rights were held as inventory, what would the impact on the statement of profit or loss be?

  3. Which of the following represents the specific decision reached by the Committee?

  4. What is the only circumstance that a player sale could be recorded in revenue?

  5. What do the IFRS Interpretations Committee do?