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 discredit placestand the plagiarism policy as defined in the political program 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 not cheated or plagiarized in the surgical process of complete this assignment. If it is found that cheating and/or plagiarism did fuck strike place in the writing of this paper, we lowstand the possible consequences of the educate/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 peter is probable and the substance of the obligation can be dependably estimated.

However, IFRS defines probable as more likely than not, which is a commence threshold than is typically applied under U.S. GAAP, so BA is more likely to recognize a l! iability under IFRS than it would under U.S. GAAP. Also, under IFRS BA is more likely to suffer notice the liability (recording it at present value) than it would under U.S. GAAP, so, disposed(p) that a liability is recognized, the amount of liability that is recognized may be lower under IFRS than under U.S. GAAP. Per note 30, the gibe amount of provisions for liabilities and charges increased from £380 million to £438 million all over the contour of fiscal 2009. Requirement 3 Under IFRS, dependant on(p) liabilities are...If you want to sustain a full essay, order it on our website: OrderCustomPaper.com

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