Fabulous since 1975💋

As we age, you also learn that the “0” to “4” at the end of our age is fantastic, and once we hit the “5,” like 45, (we) at least i did- round up.
We are essentially 50 and everyone knows it 😉😘
I believe the this second half of the 90- decades goes faster.
Has it been proven (not sure) but with the way life is probably!!
Personally I can tell that I am in the late half of the decade because people say, “Wow, you look good… for your age,” when i tell them my age. This by the way is the contortionist (look it up in the dictionary if you dont know the meaning) version of a compliment. You see we take it, coz it is as good as it gets.🤷🏻‍♀️
By starting my 45th chapter I have decided not to pretend to like all the people I know (they know who they are or will soon find out).
I am grateful to know of all the conversations I dont have to make anymore have to make with idiots who think they are smarter than me. 🤭
Oops did I say that, yes I did – And here’s a curveball attitude that I come with now “live with it”🤪
I know no one is impressed or thinks my turning 45 is a big deal but I felt like making it a big deal, and enjoy my life behind the scenes and with the world. 🥰🖤

When I turned 45 – 24.07.20

So in lieu of celebrating this year, I thought I’d share my list of the first 10 of the 45 things I’ve learned in 45 years on this planet.
These are the kind of things I wish I could have told my younger, twenty-something self when I was anxious about life in general.
But my biggest hope is that maybe one or two of these things will help you, no matter what age you are, or where you are in your life.
That said, I am grateful for the path my life has taken and what I have learned along the way.

My last day of being 44 🥰❤

Mom to the most amazing boy 🥰❤ my life NK ❤
Wife to the Fab. Mr. AS ❤ @k9.educator

Thank you for making it to the bottom if my list. And hope you enjoyed it. I wonder if I will make a big deal of 46 😉🤣 on social media

Photo credits the Fab Mr. AS ❤ @k9.educator

Oman the Canvas Painted by Qaboos

“Oman the masterpiece created by Qaboos to be completed by our Sultan Haitham binTariq”

❤🇴🇲❤

This is how he built Oman.

We stand today having lost a man who built solid foundations, not just in buildings but he built Us as men and women to stand strong.

We Oman are not a nation that will sink and be swallowed in a world of illusion, we have the strength of our father “Qaboos” his leadership created the most iconic asset that has been globally recognised.

What is “Qaboos’s” legacy, the asset he left behind it is us “Omanis” a unity, a rare form of humanity, that has stunned the world.

For a man who loved art we are his greatest masterpiece, his legacy.
Oman is

“The most beautiful art created by Qaboos” beauty with an address, put together with unconditional love to last for eternity.

1940 – Infinity

I have read many statements saying “and his story ends here”. Yes we lost a man that was created as a rarity, with wisdom that has not been seen or heard of in the last few centuries. A man who was the heart and soul in his life time and now as he left us – of Oman.

He loves (as he lives in all) us so much, that he chose someone who loves his nation and country as much as he did, giving us HM Haitham bin Tariq bin Taimur to continue to love us and Oman unconditionally.


I believe the legacy of “Qaboos” has just started you see the story has just begun.

“we are his story”. Oman is and always will be timeless, a nation and a country that has been spoken of from the days of the Prophet, blessed always.

Qaboos

I died a 1000 times on the morning of the 11th. (11.01.20) as I read the news… I could not stop crying, the thought of writing about him having left us was and is making me sick. But as we sat in the rain, I wiped my tears away and decided that what better time to give tribute to a man that we have been privileged to call our Father, and Founder, to be a child of “Qaboos”.

As my hands trembled, my eyes could not stop crying, my heart was aching in sadness as did the doors of heaven too.
God took back the angel – our Father “Qaboos”, whom he sent to us.

A Father of our Nation, and by default to the world. opening the doors of heavens, where even his Angels cried at our loss.

But it was decided that it was time God saw him getting tired and a cure was not to be, so he put his arms around him embracing him with love and affection and said “Come with me, and rest my child”, and with a blink of an eye our Father was taken.

Making this the saddest day in the history of Oman, the people and the world.

I have not – like everyone around me been able to hold back my tears, I am part of his legacy like everyone else in Oman.

I believe this, that his spirit will live on. You see this bond we all have with him, will never be broken, it was made with pure unconditional love, he “Qaboos” lives in all of us.

‏إن القلب ليحزن وإن العين لتدمع ولا نقول الا ما يرضي ربنا ، لاحول ولاقوة الا بالله العلي العظيم وانا لله وانا اليه راجعون
اللهم ارحم سلطاننا بواسع رحمتك وأغفر له ، اللهم واسكنه في اعلى جناتك اللهم أخلفنا من بعده من يلتزم نهجه
رحمكك الله يا مولاي
“جلالة السلطان قابوس بن سعيد”
آمين يارب العالمين 🇴🇲🤲

The Amazing NK ❤

ما شاء الله تبارك الرحمن ربي يحميه ويحفظه
My gift from the heavens above ❤ the awesome NK ❤殺 I am not here to please anyone. I live by my rules.
The change is slow and steady. Choose wisely.

My Angel

#lifting #obesity #diabetes #son #noah #bloodsugar #pixiecut #hypertension #wlstories #weightloss #wellness #blessed #oman #muscat #motivation #life #family #inspire #grow #health #husband #son #love #blogger #love #beauty #selfelove #fashion
#shrinkingarab

What is IFRS 16?

A little about me: I come from the world of finance so i have decided to add my professional writings in my blog as well.

IFRS 16 (International Financial Reporting Standard) is:

  • a new standard for lease accounting which came into effect in January 2019
  • Replacing the existing IAS 17 lease accounting standard
  • It’s been put together by the International Accounting Standards Board (IASB).

Initially it seems slightly complicated – the part which could have been a nightmare, but when I took a closer look it is fairly straightforward to understand, but could be less so to implement.

So My colleague made it so easy for me and here I will try to make it easier for you to walk through the pros, cons and implications for your business accounting and who knows maybe even come up with a suggestion or two to make it simpler still.

What’s different under IFRS 16?

The changes apply to the way accounting is done for lease agreements that companies take out on property, plant and equipment (PPE).

Earlier this was divided into:

  • finance leases and
  • operating leases.

You see operating leases were not included in balance sheets as assets but were simply added to profit and loss accounts.

The prime IFRS 16 change is:

  •  Most leased items should to be included as an asset in the company books, following the new ‘right of use’ model which says:

‘A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration’ (IFRS16, par.9)’

  • The payments you make on the lease agreement have to be reported as a liability on your balance sheet.
  • The accounting can be further complicated :
    • as costs for maintenance,
    • cleaning etc

have to be separated from the main lease payments, if they’re included in them, and reported separately.

  • The depreciation of the asset and interest on the lease liability have to be shown on your profit and loss accounts.
  • Asset shall be recognized under recognition criteria of IAS 16 Property i.e. depreciation or revaluation as consistent with its class of assets. The lease liability would be paid off over time using the actuarial method. Lease payments would reduce the lease liability when paid.

One pluses for IFRS 16 is that, if your company carries a number of lease agreements, it can be possible to combine them into a portfolio, instead of having to individually report them. This can only be done if you can show that there is no financial advantage for you in doing this.

Now the Exceptions to the rule

There are two specific types of lease which don’t come under IFRS 16 and which don’t have to be entered on the balance sheet as an asset:

  1. A lease with a shorter than 12-month term and which does not have an option to buy the leased item at the end of the lease.
  2. Underlying assets has a low value currently defined as less than US$5000.

Why the changes?

The change objective is so the companies all record the leased items as assets in the same way, making their existence more transparent financially.

In the past, some businesses could or would hold large liabilities on their operating leases but keep them off the balance sheets, giving a twisted view of their overall financial status.

How does IFRS 16 apply to my business?

The changes will only apply to:

  • a PLC or a company that already reports to IFRS

IFRS 16 disadvantages

  • Businesses leasing assets will appear from their balance sheets to be more asset-rich, but they will also appear to carry a bigger debt burden
  • Will affect your key accounting and financial ratios. This may decrease the firm’s potential attractiveness to investors and its ability to raise finance.
  • It might also lead to problems if you already have banking pledges in place which specify, that a exact level of profitability must be maintained for existing bank agreements to continue – it could affect funding

A simplified summary

The major changes to your financial reporting needed to comply with IFRS 16:

  • The requirement to identify and show on your balance sheet the right to use an item as an asset and your commitment to make payments for it as a liability.
  • The need to collect all the information on the leases
    •  term,
    • rental payable,
    • end-of-term options etc.

and then remove and show separately the payments which are not applicable to IFRS 16.