|
 |
Rank | Posts | Team |
Club Coach | 29915 | No Team Selected |
Joined | Service | Reputation |
Jul 2005 | 20 years | |
Online | Last Post | Last Page |
Jul 2025 | Feb 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote knockersbumpMKII="knockersbumpMKII"So basically you don't know with respect to Manu and are guessing
'"
The question was whether Manu's payout, reported as £200k, was included in the £74k loss. Given it accrued over several years I expect it would have been reflected over a longer period in the accounts. You were challenging the principle. Cash accounting isn't really on trend in the UK. Policy of amortisation on Sneyd's fee is explicit.
|
|
|
Rank | Posts | Team |
Club Coach | 29915 | No Team Selected |
Joined | Service | Reputation |
Jul 2005 | 20 years | |
Online | Last Post | Last Page |
Jul 2025 | Feb 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote frepneyboy="frepneyboy"I didnt mention Sneyd, as generally in puffball and RL fees are run over contracts.
Anyway
My post assumed there would be no detail in the accounts, thank you for confirming that, its all i simply asked, no need to jump up and down.
My point about the EBT
AP has presided over 2 years of non payments, [uthat were probably in the accounts as paid[/u
Plenty on here jumping up and down wanting "forensic audits" of the SMC accounts,
i hope ours are clean........'"
I don't get what you mean. If there's a liability created, it hits the P&L and you either pay it out in cash or create a provision in the balance sheet.
|
|
|
|
Rank | Posts | Team |
International Star | 3607 | No Team Selected |
Joined | Service | Reputation |
Dec 2011 | 14 years | |
Online | Last Post | Last Page |
Jun 2017 | Apr 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote Mrs Barista="Mrs Barista"I don't get what you mean. If there's a liability created, it hits the P&L and you either pay it out in cash or create a provision in the balance sheet.'"
Lets talk laymens terms for the viewers benefit.
Say Manu did 5 years here, each year £40k went into the pot, so every year the accounts show £40k paid to the pot.
The money never went
So for 5 years accounts this payment was never made. Where did the £200k go?
And as AP has now had to pay the full £200k, he'll stump that in personally, still doesnt say what happened to the £200k that "had been paid" but infact never was.
Follow the cash.......
|
|
|
Rank | Posts | Team |
Club Coach | 29915 | No Team Selected |
Joined | Service | Reputation |
Jul 2005 | 20 years | |
Online | Last Post | Last Page |
Jul 2025 | Feb 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote frepneyboy="frepneyboy"Lets talk laymens terms for the viewers benefit.
Say Manu did 5 years here, each year £40k went into the pot, so every year the accounts show £40k paid to the pot.
The money never went
So for 5 years accounts this payment was never made. Where did the £200k go?
And as AP has now had to pay the full £200k, he'll stump that in personally, still doesnt say what happened to the £200k that "had been paid" but infact never was.
Follow the cash.......'"
Years 1-5 Debit P&L, Credit Provisions in the balance sheet, no impact on cash.
Payment - Debit Provisions, Credit either cash or loans.
|
|
|
Rank | Posts | Team |
Player Coach | 31460 | Hull FC |
Joined | Service | Reputation |
Mar 2007 | 18 years | |
Online | Last Post | Last Page |
Jul 2025 | Feb 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote frepneyboy="frepneyboy"Lets talk laymens terms for the viewers benefit.
Say Manu did 5 years here, each year £40k went into the pot, so every year the accounts show £40k paid to the pot.
The money never went
So for 5 years accounts this payment was never made. Where did the £200k go?
And as AP has now had to pay the full £200k, he'll stump that in personally, still doesnt say what happened to the £200k that "had been paid" but infact never was.
Follow the cash.......'"
You're not an accountant then?
|
|
|
|
Rank | Posts | Team |
International Star | 3607 | No Team Selected |
Joined | Service | Reputation |
Dec 2011 | 14 years | |
Online | Last Post | Last Page |
Jun 2017 | Apr 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote Jake the Peg="Jake the Peg"You're not an accountant then?'"
What do you do for a toil?
I dont need to be an accountant to ask Barista a question, and she doesnt need to be an accountant to answer it.
|
|
|
Rank | Posts | Team |
Player Coach | 31460 | Hull FC |
Joined | Service | Reputation |
Mar 2007 | 18 years | |
Online | Last Post | Last Page |
Jul 2025 | Feb 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote frepneyboy="frepneyboy"What do you do for a toil?
I dont need to be an accountant to ask Barista a question, and she doesnt need to be an accountant to answer it.'"
No, but you pretend you know what you're talking about when you clearly don't
|
|
|
Rank | Posts | Team |
International Star | 3607 | No Team Selected |
Joined | Service | Reputation |
Dec 2011 | 14 years | |
Online | Last Post | Last Page |
Jun 2017 | Apr 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote Jake the Peg="Jake the Peg"No, but you pretend you know what you're talking about when you clearly don't'"
Dab
And your contribution to the debate is?
I dont profess to know this or that, i dont squawk about what i do or dont know. I only asked a question
|
|
|
|
Rank | Posts | Team |
International Star | 2490 | No Team Selected |
Joined | Service | Reputation |
Mar 2015 | 10 years | |
Online | Last Post | Last Page |
Mar 2020 | Mar 2020 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Lots of dabbing going on by Bumby & Freppers, our resident financial experts.
|
|
|
Rank | Posts | Team |
Player Coach | 31460 | Hull FC |
Joined | Service | Reputation |
Mar 2007 | 18 years | |
Online | Last Post | Last Page |
Jul 2025 | Feb 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote frepneyboy="frepneyboy"Dab
And your contribution to the debate is?
I dont profess to know this or that, i dont squawk about what i do or dont know. I only asked a question'"
Really? Have the players been paid this month?
|
|
|
Rank | Posts | Team |
International Star | 3607 | No Team Selected |
Joined | Service | Reputation |
Dec 2011 | 14 years | |
Online | Last Post | Last Page |
Jun 2017 | Apr 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote Jake the Peg="Jake the Peg"Really? Have the players been paid this month?'"
Ask 1865 easthullfc
|
|
|
|
Rank | Posts | Team |
Player Coach | 31460 | Hull FC |
Joined | Service | Reputation |
Mar 2007 | 18 years | |
Online | Last Post | Last Page |
Jul 2025 | Feb 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote frepneyboy="frepneyboy"Ask 1865 easthullfc'"
I'm asking you as you seem to be the only one posting on the subject
|
|
|
 |
|