British Airways Case

Group A WS3 British Airways Case Clarence Allen, Beverly Baldazo, Bobby Cates, Robert Daniel, Brittany Osullivan atomic number 49 Methodist University Core Group BSA068 ACC-312 Interm Financial Accounting II Jennifer Gaddy: Instructor December 1, 2011 We confine read and to a debase placestand the plagiarism policy as defined in the curriculum and the sections in the Student Bulletin relating to the IWU veracity/Cheating Policy. By affixing this statement to the title page of my paper, we present that we have non cheated or plagiarized in the surgical process of complementary this assignment. If it is found that cheating and/or plagiarism did fuck mangle place in the writing of this paper, we chthonicstand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University Requirement 1 Per flavor 2, this is an unearned revenue account, and treated as a period liability. This treatment is consistent with U.S. generally accepted report principles, as it captures circumstances where BA has interchange a just the ticket but not yet delivered it. Per subscriber line 26, BA has £769 million of sales in advance of coach-and-four as of March 31, 2009. Requirement 2 Under both U.S. generally accepted accounting principles and IFRS, liabilities associated with a past event are recorded when the debt agent is probable and the substance of the obligation can be faithfully estimated.

However, IFRS defines probable as more likely than not, which is a timidity threshold than is typically applied under U.S. GA AP, so BA is more likely to recognize a liab! ility under IFRS than it would under U.S. GAAP. Also, under IFRS BA is more likely to wear out notice the liability (recording it at present value) than it would under U.S. GAAP, so, precondition that a liability is recognized, the amount of liability that is recognized whitethorn be lower under IFRS than under U.S. GAAP. Per note 30, the center amount of provisions for liabilities and charges increased from £380 million to £438 million everywhere the contour of fiscal 2009. Requirement 3 Under IFRS, point liabilities are...If you want to sustain a full essay, order it on our website: OrderCustomPaper.com

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