FOF: Balance Sheet

Yossarian · 01-18-2005, 08:29 AM

How can my ticket revenue drop when i have 100% attendance?

Ramzavail · 01-18-2005, 08:33 AM

Did you lower your prices?

Yossarian · 01-18-2005, 08:56 AM

Nope.

I've had it happen to me before tonnes of times. Never really paid much attention, so long as i'm profitable i'm not too fussed - but now with the increased importance to $$$ i'm paying a bit more attention.

Its happened the last two years, despite 100% attendance.

waitforit · 01-18-2005, 10:21 AM

Perhaps you had some playoff home games the year before, and did not have them in the current year.

Yossarian · 01-18-2005, 11:07 AM

That'd be it. Beenin the playoffs for about five years running but not the last two.

bryce · 01-18-2005, 10:29 PM

Maybe it's because I'm a CPA, but FOF's use of the term 'balance sheet' to describe financial performance has always kind of irked me b/c revenues and expenses are components of an income statement, not a balance sheet. A balance sheet would show your stadium cost, its accumulated depreciation, cash in the bank, accrued liabilities, etc etc. Income statements show revenues and expenses (financial performance/profitability) over a period of time; balance sheets are simply snapshots of assets and liabilities (solvency/liquidity) at a certain point in time.

Grrrr... Jim, consider this a bug report. Just kidding... Sort of... (But I'll let it slide.)

sovereignstar · 01-18-2005, 10:32 PM

Quote:

Originally Posted by bryce

Maybe it's because I'm a CPA

You think?

Honolulu Blue · 01-19-2005, 05:36 AM

Quote:

Originally Posted by bryce

Maybe it's because I'm a CPA, but FOF's use of the term 'balance sheet' to describe financial performance has always kind of irked me b/c revenues and expenses are components of an income statement, not a balance sheet.

Glad someone else noticed. We'll get this fixed eventually.

01-18-2005, 10:29 PM	#6
bryce High School Varsity Join Date: Oct 2002 Location: Dallas, TX	Maybe it's because I'm a CPA, but FOF's use of the term 'balance sheet' to describe financial performance has always kind of irked me b/c revenues and expenses are components of an income statement, not a balance sheet. A balance sheet would show your stadium cost, its accumulated depreciation, cash in the bank, accrued liabilities, etc etc. Income statements show revenues and expenses (financial performance/profitability) over a period of time; balance sheets are simply snapshots of assets and liabilities (solvency/liquidity) at a certain point in time. Grrrr... Jim, consider this a bug report. Just kidding... Sort of... (But I'll let it slide.) Last edited by bryce : 01-18-2005 at 10:31 PM.

01-18-2005, 08:33 AM	#2
Ramzavail College Starter Join Date: Aug 2002 Location: Strong Island, NY	Did you lower your prices?

01-18-2005, 08:56 AM	#3
Yossarian High School Varsity Join Date: Jul 2003	Nope. I've had it happen to me before tonnes of times. Never really paid much attention, so long as i'm profitable i'm not too fussed - but now with the increased importance to $$$ i'm paying a bit more attention. Its happened the last two years, despite 100% attendance.

01-18-2005, 10:21 AM	#4
waitforit n00b Join Date: Nov 2003 Location: Long Island/North Country	Perhaps you had some playoff home games the year before, and did not have them in the current year.

01-18-2005, 11:07 AM	#5
Yossarian High School Varsity Join Date: Jul 2003	That'd be it. Beenin the playoffs for about five years running but not the last two.

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