Delta Airlines Air France–KLM A3. Refer to the balance sheet and compare it to your U.S. airline’s financial statements. a. What differences do you see in the format of the two balance sheets? b. What differences do you see in the terminology used in the two balance sheets? c. Describe the apparent differences in the order of presentation of the components of the balance sheet between IFRS as applied by your airline and a typical balance sheet prepared in accordance with U.S. GAAP.
Delta Airlines Air France–KLM A3. Refer to the balance sheet and compare it to your U.S. airline’s financial statements. a. What differences do you see in the format of the two balance sheets? b. What differences do you see in the terminology used in the two balance sheets? c. Describe the apparent differences in the order of presentation of the components of the balance sheet between IFRS as applied by your airline and a typical balance sheet prepared in accordance with U.S. GAAP.
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
ChapterMJ: Mornin's Joe
Section: Chapter Questions
Problem 2IFRS: IFRS Activity 2 The following is a recent consolidated statement of financial position on December...
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Delta Airlines Air France–KLM
A3. Refer to the balance sheet and compare it to your U.S. airline’s financial statements. a. What differences do you see in the format of the two balance sheets? b. What differences do you see in the terminology used in the two balance sheets? c. Describe the apparent differences in the order of presentation of the components of the balance sheet between IFRS as applied by your airline and a typical balance sheet prepared in accordance with U.S. GAAP.
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