User Account

All Pages

Describe the apparent differences in the order of presentat

Assignment Help Accounting Basics
Reference no: EM13881846

1.Air France KLM (AF), a French company, prepares its financial statements according to International Financial Reporting Standards. AF's annual report for the year ended March 31, 2011, which includes financial statements and disclosure notes, is provided with all new textbooks. This material also is included in AF's Registration Document 2010-11, dated June 15, 2011 and is available at www.airfranceklm.com.

Required:
1. Air France KLM lists four items in the shareholders' equity section of its balance sheet. If AF used U.S. GAAP, what would be the likely account titles for the first and fourth of those components?
2. Locate Note 27.4 in AF's financial statements. What items comprise Reserves and retained earnings as reported in the balance sheet? If Air France KLM used U.S. GAAP, what would be different for the reporting of these items?
3. Describe the apparent differences in the order of presentation of the components of liabilities and shareholders' equity between IFRS as applied by AF and a typical balance sheet prepared in accordance with U.S. GAAP.

Reference no: EM13881846

Questions Cloud

How would you interpret the coef?cient of tfr : How would you interpret the coef?cient of TFR? A priori, would you expect a positive or negative relationship between CM and TFR? Jus- tify your answer.
What are the categories of air samples? : What are the four categories of air samples?
Determine external rate of return using the roic approach : Determine the external rate of return using the ROIC approach and an investment rate of 15% per year. The i * rate is 44.1% per year.
One change i would like to bring in my childhood : Write a short essay of 250 words on "One change I would like to bring in my childhood"
Describe the apparent differences in the order of presentat : 1.Air France KLM (AF), a French company, prepares its financial statements according to International Financial Reporting Standards.
Determine the number of positive roots to the rate : Determine the number of positive roots to the rate of return relation. Calculate the external rate of return using the return on invested capital (ROIC) approach with an investment rate of 15% per year.
How is humor infused in the stories about death and rebirth? : How is humor infused in the stories about death and rebirth?
Describe what a po and io would look like : Consider a $ 100 million pool of conventional mortgages paying 8 percent interest. Suppose that you create one PO and one IO for this entire pool. Describe what a PO and IO would look like for this mortgage pool.
Canseco plumbing fixtures purchased equipment : 1.On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $30,000.

Reviews

Write a Review

Accounting Basics Questions & Answers

  As baldwin company controller you are responsible for

as baldwin company controller you are responsible for informing the board of directors about its financial activities.

  Basics of straight-line amortization

Roman Company issued $600,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the total interest cost of the bonds?

  A lender wants to know if they can collect on their loans a

a lender wants to know if they can collect on their loans. a cash flow statement for the company owing the money will

  At the end of 2009 tatum co has accounts receivable of

at the end of 2009 tatum co. has accounts receivable of 739773 and an allowance for doubtful accounts of 31583. on

  Estimating future settlement payments under forward contract

Make all journal entries necessary on Candra Christensen's books in 2011, 2012, and 2013 to record the forward contract and the purchase of the lobster. For purposes of estimating future settlement payments under the forward contract, assume that ..

  What activities would make up the marketing and

what activities would make up the marketing and distribution component of the value chain of a local fire

  From the standpoint of the company as a whole should the

from the standpoint of the company as a whole should the ashton processing center be shut down and its work

  Pam purchases a perpetuity-immediate that makes quarterly

pam purchases a perpetuity-immediate that makes quarterly payments. the first payment is 20 and each payment

  Determine the standard cost per dress for direct materials

retro wear manufactures dresses in a small facility in potsdam new york. information about the production week is as

  Hammond company adopted lifo when it was formed on january

hammond company adopted lifo when it was formed on january 1 2011. since then the company has had the following

  Calculate the companys debt ratio

Maxey company had current and noncurrent liabilities of $50,000 and $150,000, respectively. The company's current assets were $76,000, out of a total asset figure of $424,000. Calculate the company's debt ratio.

  The current price of a share of juice stock is 40 while the

the current price of a share of juice stock is 40. while the outlook for juice stock is uncertain at the end of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd