Unified Financial Regulations for Sports Clubs (2005)

the Unified Financial Regulations for Sports Clubs in the Kingdom of Bahrain, issued in December 2005 by the General Organization for Youth and Sports (The Ministry of Youth Affairs). Its primary purpose is to safeguard club assets, standardize accounting practices, and ensure accurate financial reporting across all national clubs. The regulations provide a comprehensive framework covering financial policies, budgeting procedures, revenue management, procurement, and inventory control. Additionally, it outlines specific requirements for maintaining accounting records and mandates the use of pre-numbered financial documents to ensure transparency and effective auditing.