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Accounting standard setters have warned the International Accounting Standards Board (IASB) to tread carefully over its proposed changes to rules on hybrid pension plans.The International Financial Reporting Standards (IFRS) Foundation’s advisory group on accounting standards has given qualified support to a bid by the IASB to tackle the challenges presented by pension promises where the final benefit is linked to an asset return – ie hybrid pension funds.Speaking during a meeting of the Accounting Standards Advisory Forum (ASAF) in December, ASAF member Andrew Watchman said: “First of all, we think that there is an issue with the asset return based promises with the projected benefit based on an expected asset return and discounting them back at a different discount rate.“So we do see that as a mismatch and this seems to to address the mismatch, [and] in that sense it seems to have the potential to improve the reporting of these types of scheme.” IASB staff recently presented proposals to the board for dealing with so-called hybrid pension promises based on an asset return. The purpose of the research was to address an inconsistency that arose from the use of a corporate bond rate to discount benefits that are based on a higher-than-risk-free asset rate of return.Staff are exploring a solution to the problem that relies on using an asset rate of return that does not exceed the discount rate.The staff team told the board that they wanted to conduct outreach on this potential solution and present their findings during the second half of 2019. However, they highlighted that, if the outreach confirmed that the approach was unworkable, they would propose that the board halt its work on pensions.‘Arbitrary’ discount rateDespite the support for the IASB’s decision to tackle accounting for hybrid pension plans, Christina Ng from the Asian-Oceanian standard setters’ group warned that the proposed research plan would lead to calls for the board to consider other aspects of pensions accounting.She said: “If you’re going to do this, you need to be very careful how you explain it [because] I think people are going to say you’ve opened it and … you really need to think about bigger issues.”Ng also warned that a comment from the IASB’s vice-chair, Sue Lloyd – in which she described the discount rate problem as “a mathematical issue” – was the wrong way to communicate with constituents.“If you explain it that way, you actually run the risk that people then say, ‘why don’t you open up and have another think about what the actual appropriate discount rate is’,” she said.“It’s a very arbitrary discount rate that you have, which is either government bonds or [the] return on corporate bonds, and so there is a whole lot of other discussion I think we could usefully have about what is the right discount rate.”EFRAG report on trackMeanwhile, it also emerged during the ASAF meeting that the European Financial Reporting Advisory Group (EFRAG) remains on track to issue a planned discussion paper on pensions accounting during the first quarter of this year.Watchman – who since April 2016 has chaired EFRAG’s technical experts group – said: “Based on the current situation, we expect that the discussion paper will include the capped asset return approach [as well as] two other approaches which were tentatively called ‘fair value’ and ‘fulfilment value’.”EFRAG launched its project on IAS 19 – the international accounting rules for employee benefits – in January 2017.In common with the IASB’s research project, the EFRAG project is examining a number of shortcomings with pensions accounting in relation to hybrid plans. The group has stated that it did not expect to propose a wholesale revisiting of the accounting model in IAS 19.FRC lists audit review companiesSeparately, the UK Financial Reporting Council (FRC) has released a list of companies that have been subject to examinations by its audit quality review team.Among the companies selected for review was troubled bakery chain Patisserie Valerie. The company suspended trading in its shares in October after fraudulent accounting irregularities emerged. The company’s finance director was subsequently arrested. The FRC list revealed that it reviewed the company’s audited financial statements to 30 September 2017.The watchdog’s oversight of UK audit has been widely panned as ineffective with politicians and, latterly, a review by former civil servant Sir John Kingman, calling for it to be wound up. read more
Would you swim in a skip bin? Cast from TV show ‘Cheers’. Ted Danson.Located at 7 Stainwood Court in beautiful Bardon, this house comes with a unique feature – a replica of the original Boston bar from the hit American sitcom that aired from 1982 to 1993. The house in BardonThe bar was built by the home’s previous owner – a massive fan of the show who travelled to Boston to personally measure up the bar and then recreate the magic in the Bardon house.It has been tweaked since then, but still holds its original shape. And the bar, which was built after the previous owner measured and replicated the one made famous in the Boston sitcomThe house was sold in 2006, and has been home to Brisbane legal eagle Paul Tully, managing director of McInnes Wilson Lawyers, and his family ever since then.“The bar area is quite unique,” Mr Tully said. “The previous owner was a music producer and slightly eccentric so he modelled it on the bar from Cheers. “When we bought the house it had flashing lights and was full of American sporting memorabilia.” The space has been spruced up since then, and the only flashing lights are those you can see in the cityOver the years, the family has also played host to up to five extra nieces and nephews who stayed for various stints as they completed studies or apprenticeships. As a result, the Tullys have remodelled a lot of the interior over the years, from bathrooms to the kitchen plus updated a lot of the soft furnishings, and added plantation shutters.“The home has great city views and it’s very high on the hill and so gets great breezes inthe evening,” Mr Tully said. “There’s quite a lot of space and the living area for the children is on another level. “The master bedroom is huge, one of the biggest bedrooms I have ever seen.“Plus you would almost have a game of cricket in the walk-in wardrobe, it is thatbig.” The master is huge And you could play cricket in the walk-in robeThe house has five bedrooms including the third level “parents master retreat”, which offers seclusion, panoramic views, an ensuite with a spa bath and that massive walk-in wardrobe.Adjoining that whole-level space is the bar and entertaining area.The lower level is home to the double garage, storage areas and the dumb waiter.Level one is where you will find three of the bedrooms, plus a living area and bathroom, plus access to a veranda and the pool. More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago And how is this for a place to chillax?The second level is home to the main living areas, including the kitchen which is equipped with three Liebherr fridges and freezers, a six burner Falcon stove and oven, Miele dishwasher, a huge butler’s pantry and black Caesarstone benchtops.From here, there is a formal dining room and the family room, which has access to another veranda, the home theatre, billiards room and an ensuited bedroom. You could watch Cheers in the home theatre And hit a few balls in the billiards room.Outside, the resort-style pool is surrounded by palm trees, there is a 10,000L plumbed rainwater tank and landscaped gardens.“You can entertain very successfully at this house plus it’s only 3km to SuncorpStadium and I sometimes walk into work in the CBD too,” Mr Tully said. Location, location, locationRay White CBD Residential agent Julian Gardner said the home ascends “like amonolith out of one of Bardon’s most exclusive enclaves”.“This is an enormous tri-level executive entertainer on 1263sq m of land which impressively asserts itself into a wonderful environment of prestige properties,” he said.“And the bar – overlooking the city lights – is like a parent’s utopia.”The property will go under than hammer at 4pm on November 16, if not sold prior. Home with a $14k bathtub for sale Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. 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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenTop tips for sellers in Spring00:50With its replica Cheers bar, this is the house where everyone knows your name. But unlike the hit TV show’s main character Sam Malone, the bartender played by Ted Danson, the current owner is a lawyer, not a lothario. MORE NEWS: This is what a $1.5m reno looks like How to decipher Tinder-style property listings read more
LocalNews Plans are afoot to review the countries outdated medical act.. by: – June 6, 2011 Health Officials are meeting in Dominica today for a national consultation on the Medical Act.Health Minister Julius Timothy says the current medial act is over 60 years old.Timothy says he is concerned about the experiences the ministry has been having in terms of medical professionals on the island.“We want to make it clear to the medical professionals that the patients view matter as well. Doctors may know about the clinical but the patients are the one who knows what they feel and what the symptoms are. They must treat the patients with respect, equally so that we cane be able to diagnose what is wrong,” he said.Today’s consultation is being funded by the Ross University School of Medicine.Meantime Timothy says the ministry of health is concerned about the diabetic foot on the island.Health officials met with manicurists and pedicurists at the Public Service Training Center this morning.“Diabetes is becoming the norm of the western world and we see it growing every day. Ours is growing and I have difficulty with the amputation. I feel for the people who have had their legs amputated and I know there is a lot more we can do,” he said.Participants are expected to receive their certificates at 3:30 pm today.Dominica Vibes News 18 Views no discussions Share Sharing is caring! Share Share Tweet read more
Promoted ContentWho Earns More Than Ronaldo?The Very Last Bitcoin Will Be Mined Around 2140. Read MoreA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtBirds Enjoy Living In A Gallery Space Created For ThemWho Is The Most Powerful Woman On Earth?7 Truly Incredible Facts About Black HolesIf Zodiac Signs Were Women: Amazing Artwork By Vivien Szaniszlo7 Of The Wealthiest Universities In The WorldWhich Country Is The Most Romantic In The World?Who’s The Best Car Manufacturer Of All Time?8 Amazing Facts About Ancient EgyptThe Best Cars Of All Time England ladies player of the year lucy Bronze Henderson is often an unsung hero in midfield for both England and Liverpool, but the 29-year-old was voted as one of the top three midfielders in Europe last season. Sterling, who scored eight goals in nine games for England in 2019, came second in the BT-sponsored awards, which were voted for by supporters. England captain Harry Kane, who played ten games and scored 12 goals for the team last year, came third. Read AlsoBarca coach celebrates Oshoala’s best player’s award Bronze, who was also a Champions League winner last term, takes home the gong for a second time after her triumph in 2015, edging out Ellen White, who starred at the women’s World Cup, and Beth Mead respectively. Jordan Henderson has been named as England’s player of the year for 2019, seeing off competition from team-mates Raheem Sterling and Harry Kane. The Liverpool captain enjoyed a solid year for the Three Lions as he passed the 50-cap mark in a 5-1 away win at Montenegro last March and featured regularly under Gareth Southgate in England’s Euro 2020 qualifying campaign. Lucy Bronze took home the women’s award, with the Lyon player bagging the honour for the second time in her career ahead of Ellen White. Henderson also enjoyed success with his club as Liverpool won the Champions League last season and came incredibly close to pipping Manchester City to the Premier League title. This season he has also won the UEFA Super Cup and the FIFA Club World Cup. Now 14 points clear with a game in hand, the former Sunderland star looks set to add to his accolades and lift the league crown with the Reds in this campaign. He played seven times in total for England in 2019 and was key in the middle of the park as Southgate’s men reached the semi-finals of the inaugural Nations League and qualified for Euro 2020, which will be part-hosted at Wembley Stadium. FacebookTwitterWhatsAppEmail分享 Loading… read more
The IHSAA has a committee in place that is considering a re-districting of several state tournaments. The major one on this list is basketball. Consider what East Central’s girls basketball team had to face in their first sectional game. They were required to make a trip from St. Leon to Bloomington on a Tuesday night to play a 6 p.m. sectional basketball game. If that weren’t bad enough, they had to play Bloomington South on their own floor. I am sure the result of this long bus ride played a part in the Trojans tough loss. You will remember that the last time Batesville won a boys sectional the boys had to travel to Washington, Indiana, for the regional. There has to be a better system.The purest will say that the easiest solution is to do away with Class Basketball. We all know this is not going to happen. The committee studying this problem is looking at a 3-class system that would alleviate a lot of the travel. I am not sure this would help that much, but it would be better. I would like to see playing on your home court eliminated, but that would probably add to the travel as well. It is a knotty problem that will take a lot of trial and error to correct. read more
The 2014 ORVC Baseball Awards and All-Conference Team.Team Champs: Jac-Cen-Del Eagles.Mental Attitude Award Winner: Joe Dicken-South Ripley.Coach of the Year: David Bradshaw-Jac-Cen-Del.ORVC Baseball Awards & TeamsSubmitted by ORVC Recorder Travis Calvert.
Antonio Conte insists Inter deserved to reach the Coppa Italia Final more than Napoli over two legs. ‘Their goalkeeper was Man of the Match and we dominated.’ “I see the glass half-full, I checked the statistics, and we created a great deal. Ospina was Man of the Match and saved them many times. We can improve our determination in front of goal, but I have no other complaints, as we tested out what we did in training and I am much more satisfied with the movement than I was. “It’s disappointing for the lads not to qualify after these performances over the two legs. I am satisfied with the performance, as let’s not forget Napoli played a very defensive game to sit back and counter, so it’s never easy in these situations for midfielders to find the gap or passing channel. “Nonetheless, we created so many opportunities and I am very happy that Eriksen is settling in better, as we’ve been able to work with him both physically and tactically, which you can tell. Dries Mertens slots home his 122nd Napoli goal to become the club’s all-time top goalscorer Read Also: Record-breaking Mertens sends Napoli to Italian Cup final “Eriksen played behind the strikers in a 3-4-1-2 formation. He had to keep an eye on Diego Demme when off the ball. He covers 10-12km per game, so I am entirely satisfied with what he did today. If it wasn’t for that Ospina save, he would’ve had a brace today. “This is the Inter I want to see, as we were aggressive, didn’t let Napoli play at all and ultimately they were saved by their goalkeeper. These are facts. We had over 60 per cent of possession, far more shots on goal. Napoli reach the Final, we tip our hats to them, but I have to analyse the performance and not just the result. I am very happy with what my team did and feel we deserved to win over two legs.” FacebookTwitterWhatsAppEmail分享 It had started so well, Christian Eriksen scoring directly from the corner flag within three minutes to get the Nerazzurri level on aggregate, but Dries Mertens finalised a classic counter-attack for the equaliser on the night, 2-1 to Napoli over two legs. “Over the two legs, I believe we deserved to reach the Final. I have very little to reproach my lads for after this evening, because this is the aggressive football I want to see, trying to dominate the game. “We created many chances and perhaps could’ve been more clinical in front of goal, but David Ospina made some stunning saves and was decisive. “It’s disappointing to concede that goal, as it was a naïve error we could’ve avoided. If we want to fight it out with a team like Napoli, we created so much, dominated the match and this performance bodes well for the future. “On the Napoli goal, it was a corner and we had the right positions, but then there was a ricochet and we lost our shape. It was an error, we weren’t focused enough at that moment and we paid a heavy price. At least it’ll show us that these details are the difference at this level and help us to grow.” Romelu Lukaku and Lautaro Martinez provided few real shots on goal this evening, particularly the Argentine, while Eriksen was in a new trequartista role. Loading… Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemWhat Is A Black Hole And Is It Dangerous For Us All?Which Country Is The Most Romantic In The World?Couples Who Celebrated Their Union In A Unique, Unforgettable Way5 Of The World’s Most Unique Theme ParksThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Universities In The World Where Education Costs Too Much6 Extreme Facts About Hurricanes7 Ways To Understand Your Girlfriend Better5 Of The World’s Most Unique Theme Parks7 Truly Incredible Facts About Black Holes9 Facts You Should Know Before Getting A Tattoo read more
RelatedPosts Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U EPL: Red Devils attack Palace Manchester United is concerned Shanghai Shenhua won’t take up FIFA’s advice to extend Odion Ighalo’s loan deal this summer, reports say. With player contracts and loan deals set to expire before Premier League football can be resumed, FIFA wants clubs to take into account the altered timeframe for the campaign. The coronavirus pandemic has forced football across the world to be shut down. United want to keep Ighalo for the remaining games, but Shanghai Shenhua want the striker to return to China when the loan deal expires on May 30. The start of the Chinese Super League has been delayed and Shanghai Shenhua want Ighalo back in their team for when games do get underway. ESPN claimed United is concerned this means Shanghai Shenhua will block any attempt to extend Ighalo’s loan deal and the Red Devils do not expect FIFA’s advice to change that. As a result, United is exploring their options and want to resolve Ighalo’s future as soon as possible. With players facing uncertain futures due to their contracts, FIFA tried to restore some clarity to the situation. |It is now obvious that the current season will not end when people thought it would,” FIFA said in a statement. “Therefore, it is proposed that contracts be extended until such time that the season does actually end. “A similar principle applies to contracts due to begin when the new season starts, meaning the entry into force of such contracts is delayed until the next season actually does start.” Ighalo himself has openly said he wants to remain at United and the Red Devils can reportedly sign him permanently for £15 million. The Nigerian earns £300,000-a-week in China and would be taking a huge pay cut to remain at United on a permanent basis. But Ighalo has already revealed it is his dream to play for United and hit back at critics claiming he was not of the level required to be a Red Devil. “I don’t get carried away, I don’t listen. I do my work and just remain focused,” he said. “When I came to Manchester United I pictured what I wanted to attain but I did not say a word, I did not go solo. “People on social media can always talk but you do not need to speak to people that you do not know. “You must focus and do your job. The same people that criticise you will praise you when you do well and when they praise you, you can’t get carried away. “I am telling you, If I miss one chance now they will insult me, you understand? [Now] It’s ‘Ighalo, you are the best’ but okay, one chance I miss and they will insult me so do not get carried away with hype, praise or criticism because those things are bound to happen.”Tags: FIFA read more
– …Squad well prepared for the challenge-coaches Crandon and GriffithGUYANA has not won a regional one-day title in almost 12 years, but skipper of the Guyana Jaguars, Leon Johnson promised that his charges will give a 100 percent when the 2017 NAGICO Super50 tournament bowls off on Tuesday.Johnson made the comment prior to the team’s departure yesterday morning for Barbados to begin their campaign.“What I can assure the Guyanese people is that we will give a 100 percent, with the aim of bringing back the title,” Johnson stressed.Guyana last won a regional 50-over title back in 2005 when they won a thriller in fading light against Barbados at the Georgetown Cricket Club ground, Bourda, but from all accounts, it seems that the upcoming tournament can bring different fortunes for the side.Both head coach, Easun Crandon and team manager, Rayon Griffith acknowledged that their expectancy of the squad is high, since they feel the squad is well prepared for the challenge.“Definitely we are well prepared,” said Griffith. “The weather in my opinion did not had any bad effect for us in terms of our preparation. We got enough work done because the main areas we had it cover, where the batters get to bat and the bowlers get to bowl, we also had some physical and some fielding as well, so overall I am very satisfied, and I think the board has done well in providing the necessary assistant”.Crandon, who was confident as he described his team, said that they are fully focussed on the task ahead.The former Guyana fast bowler has pointed to teamwork as a key component if the team is to reclaim the regional Super50 title.Meanwhile, Guyana Cricket Board (GCB) Secretary Anand Sanasie, in delivering the charge to the team at the Windjammer Hotel in Kitty before they departed for the Cheddi Jagan International Airport, urged them to return home with the title.He stressed that even though the Guyana Jaguars have been a dominant force in the longer version of the game, the shorter version has excluded them for some time now.“I once told you that winning is a habit, and I think you have done that, you have achieved winning as a habit, but this particular tournament for some reason or the other always excluded us. I think now is the time to bring that back,” the GCB Secretary said.Sanasie is of the opinion that the success now depends on the players, since Cricket Guyana Inc. and the GCB have done everything to have them prepared. He pointed out that the franchise has been working and has been good for Guyana’s cricket.Also on hand to wish the team every success was GCB Treasurer Anand Kalladeen, who urged the players to play to their full potential, since an England tour to the West Indies is immediately after the tournament. England is set to play three One Day Internationals on March 3, 5 and 9.The Guyana Jaguars will do battle in Group B of the Super50 which runs from January 24 to February 18 in Antigua and Barbados.Group B comprises last year losing finalists Barbados Pride, Combined Campuses and Colleges Marooners, Jamaica Scorpions,Guyana Jaguars and ICC Americas.In the first leg, Jaguars will play Pride on January 24, Scorpions on January 26, Marooners on January 28, and ICC Americas on January 30.In the second leg, the Guyana-based franchise takes on the Marooners February 3, Pride on February 5, Scorpions on February 7, and ICC Americas on February 9.The semi-finals would be on February 15 and 16 while the final would be on February 18 in Antigua.Title-holders Trinidad & Tobago Red Force, Leeward Islands Hurricanes, Windward Islands Volcanoes, the West Indies U-19s, and visiting English County Kent Spitfires have been installed in Group A.Prior to 2005, Guyana reigned supreme in 1980, 1983, 1985, 1993, 1995, 1998, 2001 and 2003.The Guyana Jaguars squad reads: Leon Johnson (Captain), Veerasammy Permaul (Vice-Captain), Anthony Bramble (Wkp), Shimron Hetmyer, Shivnarine Chanderpaul, Christopher Barnwell, Raymon Reifer, Rajendra Chandrika, Steven Jacobs, Assad Fudadin, Devendra Bishoo, Ronsford Beaton, Paul Wintz and Jonathan Foo.Management Staff: Esaun Crandon (Head-coach), Rayon Griffith (Assistant-Coach) and Ernesto Gonzalez (Physiotherapist). read more