Dawson Foodservice equipment has launched a new dishwasher for 2009. The Comenda XLC has been designed for coping with the washing-up needs of medium or large catering operations. It can be used to wash plates, cutlery, glasses, cups, trays and bake-ware.The unit is able to personalise cycles to meet specific requirements and is compatible with the advanced telediagnostic system, HPS (Hygiene Plus System), which enables the dishwasher to send a report via SMS to a technician if anything goes wrong.The machine is fitted with a two-pump Multi Pressure System (MPS) and features a rinse control device (RCD) to maintain water temperature at 85?C, even with low mains water flow.[http://www.dawsonmmp.co.uk]
The board expects this process to encourage preparers to take a broader approach to the question of disclosures, which have tended to emerge on a piecemeal basis across the board’s many standards.IASB vice chair Sue Lloyd, however, signalled that she might issue a dissenting opinion on the proposals, citing in particular concerns that the proposals might not produce the behavioural change the board wanted to see.“I think it’s going to be really important that we find a way through the consultation process to assess not just do people like the words and ideas that we’ve written down, but really to find ways to try and work out whether the system is going to allow the approach that we’ve got here to work the way that we have designed it …”.Lloyd went on to explain that she was concerned that preparers might focus more on issues of recognition and measurement than on the judgements that are necessary when making disclosures so as to deliver useful information.EU adopts proposal package for new IFRS 9 rule bookMeanwhile, the European Union has formally adopted the package of proposals released on 28 April aimed at smoothing the transition of financial institutions across the bloc to the new IFRS 9, Financial Instruments, accounting rule book.In overview, the proposals are intended to relieve banks from the full force of accounting and regulatory rules during the coronavirus pandemic and stimulate lending to businesses and households.The new requirements took effect across the EU from 27 June.Among the measures, which were approved by the European Parliament plenary on 18 June, is the option for institutions “to fully add back to their Common Equity Tier 1 capital any increase in new expected credit loss provisions that they recognise in 2020 and 2021 for their financial assets that are not credit-impaired.Amendements to IFRS 17Separately, the IASB also also issued amendments to International Financial Reporting Standard 17, Insurance Contracts.IFRS 17 replaces IFRS 4, Insurance Contracts and is effective for annual reporting periods beginning on or after 1 January 2023.The release of the new standard, which applies to insurance contracts as opposed to insurers, is the first comprehensive international standard dealing with this area of accounting.The board introduced IFRS 4 as an interim solution. Its critics of existing literature have said it does not contain a single accounting model for insurance contracts, which results in a loss of comparability.Since publishing IFRS 17, the board has heard a number of criticisms from constituents.In response, it agreed to make a series of targeted amendments to:cut costs,make results easier to explain, andsmooth transition.Alongside the amendments, the board has released an overview of the changes and a feedback statement explaining how it responded to those concerns.Separately, the European Financial Reporting Advisory Group, which advises the EU on accounting matters, on Monday issued its formal endorsement advice in favour of adopting the package for use across the EU.To read the digital edition of IPE’s latest magazine click here. The International Accounting Standards Board (IASB) has given staff permission to start the process of balloting board members on an exposure draft to completely revamp the disclosure requirements in International Accounting Standard 19, Employee Benefits.In line with the proposals put to the board, interested parties will have 180 days to comment.The board’s work on defined benefit (DB) disclosure is based on draft guidance it released in 2018 to guide it in developing and drafting disclosure requirements.The focus of this guidance is on using specific disclosure objectives to tease out the most relevant information together with a catch-all or high-level disclosure.
The USC men’s and women’s swimming and diving teams return to the pool today at noon as they host San Diego and Cal State Bakersfield for the USC Invitational.The event, which will be held at McDonald’s Swim Stadium, will be the first meet of the year for the men’s side as it looks to build on an 11th-place performance in last year’s NCAAs.Back for more – Senior captain Presley Bard helped lead the Women of Troy to a victory last weekend against Oregon State. USC will now face both San Diego and Cal State Bakersfield in the USC Invitational this weekend. – Tim Tran | Daily TrojanThe Women of Troy, meanwhile, are coming off a 141–112 victory over Oregon State last weekend. Senior co-captains Presley Bard and Lyndsay DePaul and junior Katinka Hosszu led the team to its first Pac-10 win of the season, but it was a duo of freshmen who continues to impress.“Kasey Carlson and Meghan Hawthorne are outstanding athletes who really should help to put us over the top where we certainly should get a chance to be in the top four at the NCAAs,” USC coach Dave Salo said.DePaul further emphasized the impact the freshmen have already had on this young season.“Our freshman have been really impressive,” DePaul said. “We’re excited to see what they can do for the rest of the season.”For the men, Salo believes the strength of their roster should propel the Trojans to victory.“Bakersfield always has a handful of guys who are pretty good, but they don’t have the depth we have. We should be able to take them,” Salo said.The men’s team returns sophomore Clement Lefert, the team’s top NCAA performer last season. Other veterans include All-Americans junior Patrick White and sophomore Nick Karpov as well as co-captains senior Emmett Walling and junior Jeff Daniels.The squad is bolstered by incoming freshmen Chase Bloch, Jack Wagner, and Vladimir Morozov. All three are among the nation’s top newcomers.Though today’s meet offers the Trojans an opportunity to test their skills against a live opponent, Salo said he views this as an opportunity to prepare for an important matchup later in the season.“We try to focus a lot in the fall on our competition against Arizona. They’re really good at their starts and their first 15 meters of every race, so I keep harping on our athletes that we have to be better on our first 15 meters,” Salo said. “A lot of what we’re gearing towards is the Arizona competition in November. If we have a really super meet right there, it will really set the tone for the rest of the season.”