Hedge accounting rules change

first_img The International Accounting Standards Board has announced plans to revolutionise hedge accounting for financial instruments by brushing aside existing rules and introducing a set of core principles instead. IASB chairman Sir David Tweedie said the changes, announced yesterday, would add simplicity to hedge accounting, while allowing for more easily identifiable risk management. Accountancy body ICAEW cautiously welcomed the new proposals – saying they might be an improvement but they were incomplete. ICAEW’s Dr Nigel Sleigh-Johnson said: “The very detailed and specific rules in the current standard made hedge accounting very difficult. It was hard for companies to explain their strategies and for users of financial reports to understand how the hedge accounting results related to them.” Hedge accounting rules change More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalMisterStoryWoman files for divorce after seeing this photoMisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionGameday NewsNFL Hall Of Famers Who Probably Don’t Deserve To Be In CantonGameday NewsFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleMovie JewelExperts Draining Niagara Falls Never Expected This Dark DiscoveryMovie JewelMartha Stewart CBDFind All of Martha Stewart’s CBD Products HereMartha Stewart CBD KCS-content whatsappcenter_img Tags: NULL Show Comments ▼ Share Thursday 9 December 2010 7:22 pm whatsapplast_img read more

Portugal iGaming Dashboard – Q4 2020

first_img Topics: Casino & games Finance Sports betting Poker Slots 12th April 2021 | By Joanne Christie Finance Portugal iGaming Dashboard – Q4 2020 Subscribe to the iGaming newsletter And though its performance was not quite as impressive as sports betting, casino revenue also broke records during the fourth quarter of 2020. GGR rose to a new high of €49.1m, up 17.7% on the previous quarter and 53.4% on the same period of 2019. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter It was largely sports betting that pushed the market up to €113.2m in the fourth quarter, a figure that represented a 34.4% quarter-on-quarter rise and a 73% increase on the final quarter of 2019. Slots made up the bulk of this (71.1%), followed by French roulette (12.6%) and blackjack (6.4%). The market shares of both cash and tournament poker declined further in the fourth quarter, after significant falls in Q3, with 30% and 87.5% decreases in their respective market shares on a year-on-year basis. Punters were so keen to return to betting after the Covid-19-related sporting shutdowns that the vertical swung back to a decisive lead over casino in the quarter. In Q4 sports betting accounted for 56.6% of the market, the highest percentage since 2017.center_img Although Portugal didn’t look to have experienced the same poker boost as other markets while sports betting was unavailable last year, interestingly it does seem to have seen the same slump in poker since sports came back online. Ficom Leisure provides monthly figures on the New Jersey online market in the New Jersey iGaming Dashboard and Pennsylvania in the Pennsylvania iGaming Dashboard, available on iGB North America. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard, as well as monthly figures on the Italian market in the Italy iGaming Dashboard. Regions: Europe Western Europe Portugal All data and figures are processed by Ficom Leisure following the the official release of the figures by Portuguese regulator the Serviço de Regulação e Inspeção de Jogos (SRIJ). Ficom Leisure is a leading European corporate advisory firm specialising in all segments of the betting and gaming sector. Football was the most popular sport with bettors by some distance, making up 86.7% of turnover, followed by basketball at 5.2% and tennis at 4.9%. Sports betting GGR accounted for €64.1m of this, up more than 50% on the previous quarter and 92% on the same period the previous year. Email Address Portugal’s igaming market enjoyed another record-breaking quarter at the end of 2020, with revenue beating the market’s previous high by more than a third. Scroll down to see the full interactive datasets.last_img read more