Case Analysis 10-3 Kansas City Zephyrs Baseball Club, Inc.

I.Issues wherefore does net income non equal cash flows? Why do we need accrual account statement? (Why do not we fire all accountants and just publish summary hope statements) Why do the differences between proprietors, players, GAAP and truth rate exist?(Can accounting numbers be neutral representations of what happened? What happens if a retired non-roster player (e.g. Joe Portocararo) returns to the active roster while continuing to get ahead the same money promised him in his guaranteed contract? Of what importance atomic number 18 the periodic net income numbers if the clubs slew always be sold for huge profits? How should charge up Ahern resolve the accounting conflict between the owners and players? How much did the Kansas City Zephyrs baseball inn earn in 1983 and 1984? Facts This case shows that how different accounting methods can lead a company to different positions. That is what Bill Ahern was selected on April 9 to focus on reviewing the finances of the Kansas City Zephyrs Baseball Club, Inc.

, which was bought on November 1, 1982 by five shareholders for $24 million, because both the representatives of the owner of the 26 major league baseball teams and the professional players affiliation agreed that Kansas City Zephyrs Baseball Clubs trading operations were representative, and the baseball club entity was not owned by some other corporation, and it did not own the stadium where they play. So Bill Ahern was reviewing their finances on April 17, 1985. He had to make a difficult astuteness in next two days. He spent Tuesday reviewing the tale of major league baseball and the relationship between the heterogeneous entities. On following day, Wednesday, he met with the twi Zephyrs owners representatives, and On the following Monday, Bill Ahern met with the representatives from Professional Baseball Players Association and their lawyer. The problem that was needed to be resolved was weather the major baseball league was paying or not. The players thought that they should share the... If you want to get a full essay, order it on our website: Orderessay

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