Guest Gemmill Posted October 27, 2006 Share Posted October 27, 2006 Just stop, T27. OK. Can I make it clear that I do Economics, not Financial accounting, and therefore there is no actual reason for me to know this stuff. I did Economics too, and I can't swear to it, but I'm sure I wouldn't have expected an employer to be currently liable for all future earnings of its employees. If that's the case, can I show all of my future profits from now til the end of time as an enormous asset? bluebigrazz.gif Link to post Share on other sites More sharing options...
James Posted October 27, 2006 Share Posted October 27, 2006 Can't Economic students even use Google? I'll probably get linked to an American website, and you know what Americans are like when it comes to accounts, balance sheets etc. Link to post Share on other sites More sharing options...
Dave Posted October 27, 2006 Share Posted October 27, 2006 You could have at least tried wikipedia. Link to post Share on other sites More sharing options...
James Posted October 27, 2006 Share Posted October 27, 2006 Just stop, T27. OK. Can I make it clear that I do Economics, not Financial accounting, and therefore there is no actual reason for me to know this stuff. I did Economics too, and I can't swear to it, but I'm sure I wouldn't have expected an employer to be currently liable for all future earnings of its employees. If that's the case, can I show all of my future profits from now til the end of time as an enormous asset? bluebigrazz.gif The difference I've perceived though, is that you can be sacked, made redundant etc with 4 weeks notice. The contracts players sign are a lot different, as they are for a fixed duration of time, and therefore, a club has to pay out the contract if they want to release the player. Not that you do any accounting at work (despite being an accountant) so you wouldn't know :wink: Link to post Share on other sites More sharing options...
Syrette Posted October 27, 2006 Share Posted October 27, 2006 Ooh. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted October 27, 2006 Share Posted October 27, 2006 Can't Economic students even use Google? I'll probably get linked to an American website, and you know what Americans are like when it comes to accounts, balance sheets etc. Newcastle's accounts are prepared under IFRS - whcih are closer to traditional US GAAP than UK. Link to post Share on other sites More sharing options...
Kitman Posted October 27, 2006 Share Posted October 27, 2006 Just stop, T27. OK. Can I make it clear that I do Economics, not Financial accounting, and therefore there is no actual reason for me to know this stuff. I did Economics too, and I can't swear to it, but I'm sure I wouldn't have expected an employer to be currently liable for all future earnings of its employees. If that's the case, can I show all of my future profits from now til the end of time as an enormous asset? bluebigrazz.gif The difference I've perceived though, is that you can be sacked, made redundant etc with 4 weeks notice. The contracts players sign are a lot different, as they are for a fixed duration of time, and therefore, a club has to pay out the contract if they want to release the player. Not that you do any accounting at work (despite being an accountant) so you wouldn't know. Oh deary me head_hurts_kr.gif Link to post Share on other sites More sharing options...
Guest Gemmill Posted October 27, 2006 Share Posted October 27, 2006 Just stop, T27. OK. Can I make it clear that I do Economics, not Financial accounting, and therefore there is no actual reason for me to know this stuff. I did Economics too, and I can't swear to it, but I'm sure I wouldn't have expected an employer to be currently liable for all future earnings of its employees. If that's the case, can I show all of my future profits from now til the end of time as an enormous asset? bluebigrazz.gif The difference I've perceived though, is that you can be sacked, made redundant etc with 4 weeks notice. The contracts players sign are a lot different, as they are for a fixed duration of time, and therefore, a club has to pay out the contract if they want to release the player. Not that you do any accounting at work (despite being an accountant) so you wouldn't know. I really don't think you're in any position to be questioning my knowledge on this, having already demonstrated that yours is beyond non-existent. Link to post Share on other sites More sharing options...
Kitman Posted October 27, 2006 Share Posted October 27, 2006 Can't Economic students even use Google? I'll probably get linked to an American website, and you know what Americans are like when it comes to accounts, balance sheets etc. Newcastle's accounts are prepared under IFRS - whcih are closer to traditional US GAAP than UK. Which words do you expect T27 to get - IFRS, GAAP or UK? Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted October 27, 2006 Share Posted October 27, 2006 Just stop, T27. OK. Can I make it clear that I do Economics, not Financial accounting, and therefore there is no actual reason for me to know this stuff. I did Economics too, and I can't swear to it, but I'm sure I wouldn't have expected an employer to be currently liable for all future earnings of its employees. If that's the case, can I show all of my future profits from now til the end of time as an enormous asset? bluebigrazz.gif The difference I've perceived though, is that you can be sacked, made redundant etc with 4 weeks notice. The contracts players sign are a lot different, as they are for a fixed duration of time, and therefore, a club has to pay out the contract if they want to release the player. Not that you do any accounting at work (despite being an accountant) so you wouldn't know. Following that through then, a normal business would have to show a liability for 4 weeks (or whatever the notice period is) wages for its staff. They don't, similarly if you ar eon a six month contract the business doesn't show the 6 months wages Link to post Share on other sites More sharing options...
James Posted October 27, 2006 Share Posted October 27, 2006 Can't Economic students even use Google? I'll probably get linked to an American website, and you know what Americans are like when it comes to accounts, balance sheets etc. Newcastle's accounts are prepared under IFRS - whcih are closer to traditional US GAAP than UK. Which words do you expect T27 to get - IFRS, GAAP or UK? What does T27 stand for? Link to post Share on other sites More sharing options...
Guest thompers Posted October 27, 2006 Share Posted October 27, 2006 GEEKFIGHT !!!!!!!!!! Link to post Share on other sites More sharing options...
Kitman Posted October 27, 2006 Share Posted October 27, 2006 Can't Economic students even use Google? I'll probably get linked to an American website, and you know what Americans are like when it comes to accounts, balance sheets etc. Newcastle's accounts are prepared under IFRS - whcih are closer to traditional US GAAP than UK. Which words do you expect T27 to get - IFRS, GAAP or UK? What does T27 stand for? Ah, I feel you're back on firmer ground now bluebiggrin.gif Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted October 27, 2006 Share Posted October 27, 2006 Can't Economic students even use Google? I'll probably get linked to an American website, and you know what Americans are like when it comes to accounts, balance sheets etc. Newcastle's accounts are prepared under IFRS - whcih are closer to traditional US GAAP than UK. Which words do you expect T27 to get - IFRS, GAAP or UK? Certainly not whcih! Link to post Share on other sites More sharing options...
Kitman Posted October 27, 2006 Share Posted October 27, 2006 Just stop, T27. OK. Can I make it clear that I do Economics, not Financial accounting, and therefore there is no actual reason for me to know this stuff. I did Economics too, and I can't swear to it, but I'm sure I wouldn't have expected an employer to be currently liable for all future earnings of its employees. If that's the case, can I show all of my future profits from now til the end of time as an enormous asset? bluebigrazz.gif The difference I've perceived though, is that you can be sacked, made redundant etc with 4 weeks notice. The contracts players sign are a lot different, as they are for a fixed duration of time, and therefore, a club has to pay out the contract if they want to release the player. Not that you do any accounting at work (despite being an accountant) so you wouldn't know. Following that through then, a normal business would have to show a liability for 4 weeks (or whatever the notice period is) wages for its staff. They don't, similarly if you ar eon a six month contract the business doesn't show the 6 months wages oh deary deary me blueno.gif Link to post Share on other sites More sharing options...
Guest Gemmill Posted October 27, 2006 Share Posted October 27, 2006 I seriously would like to read an article on T27's analysis of the accounts though. I think it could be..............enlightening. Link to post Share on other sites More sharing options...
Guest thompers Posted October 27, 2006 Share Posted October 27, 2006 REALLY REALLY BORING GEEKFIGHT! Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted October 27, 2006 Share Posted October 27, 2006 Btw, take out player ammortisation, impairment and profit on sale of players (which have no bearing on cash profit realy) and we made a £6m loss for both years Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted October 27, 2006 Share Posted October 27, 2006 REALLY REALLY BORING GEEKFIGHT! PPV - £15 Link to post Share on other sites More sharing options...
Guest thompers Posted October 27, 2006 Share Posted October 27, 2006 Which contestent will be the first to submit after enduring an UNBEARABLE borefest?!?! T27 is already showing cracks. The Gemmabore has him on the ropes! Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted October 27, 2006 Share Posted October 27, 2006 Which contestent will be the first to submit after enduring an UNBEARABLE borefest?!?! T27 is already showing cracks. The Gemmabore has him on the ropes! Its just the undercard for the heavyweight MacBeth vs NE5 battle to the death later Link to post Share on other sites More sharing options...
Kitman Posted October 27, 2006 Share Posted October 27, 2006 I seriously would like to read an article on T27's analysis of the accounts though. I think it could be..............enlightening. The frightening thought is T27 working as an economist without even the slightest clue of what an accrual is. Please God he doesn't join the Treasury, taxes are high enough as it is. Link to post Share on other sites More sharing options...
Kitman Posted October 27, 2006 Share Posted October 27, 2006 Which contestent will be the first to submit after enduring an UNBEARABLE borefest?!?! T27 is already showing cracks. The Gemmabore has him on the ropes! Its just the undercard for the heavyweight MacBeth vs NE5 battle to the death later As one sided as a Frank Warren fight bluebiggrin.gif Link to post Share on other sites More sharing options...
Guest Gemmill Posted October 27, 2006 Share Posted October 27, 2006 Which contestent will be the first to submit after enduring an UNBEARABLE borefest?!?! T27 is already showing cracks. The Gemmabore has him on the ropes! I think it's safe to say that this discussion is rolling straight up thompers' sloped forehead and disappearing over his head. bluebigrazz.gif Link to post Share on other sites More sharing options...
Kitman Posted October 27, 2006 Share Posted October 27, 2006 Which contestent will be the first to submit after enduring an UNBEARABLE borefest?!?! T27 is already showing cracks. The Gemmabore has him on the ropes! I think it's safe to say that this discussion is rolling straight up thompers' sloped forehead and disappearing over his head. bluebigrazz.gif mackems.gif Link to post Share on other sites More sharing options...
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