Each of the above three reference point can be used to strengthen the analysis by providing comparative data, and encouraging a more contextual examination of the figures. However, whatever approach is taken, it is crucial to understand the variety of measures that can be used to assess both broad and specific financial issued within a sport club or assess both broad and specific financial issues within a sport club or association. This involves undertaking some form or ratio analysis that has as its focus profitability, short-term financial stability, long-term financial stability, and finally the club or association's level of wealth or net worth.