User Account

All Pages

How does this approach differ from united state gaap

Assignment Help Accounting Basics
Reference no: EM13999060

British Airways, Plc. (BA), a U.K. company, prepares its financial statements according to International Financial Reporting Standards. BA's annual report for the year ended March 31, 2009, which includes financial statements and disclosure notes, is included with all new textbooks and can be found at www.britishairways.com. When answering questions, focus on BA's "Group" financial information (which is equivalent to "Consolidated" under U.S. GAAP).

Required:

1. What method does British Airways use to amortize the cost of computer software development costs? How does this approach differ from U.S. GAAP?

2. BA does not report any research and development expenses in its income statement. If it did, its approach to accounting for research and development would be significantly different from U.S. GAAP. Describe the differences between IFRS and U.S. GAAP in accounting for research and development expenditures.

Reference no: EM13999060

Questions Cloud

Access edgar on the internet : What has been the most significant financing activity for the company in requirements 2-6 for another company?
What a good job is for crawford : Put in your own words what a good job is for Crawford. Can you tie this conception to any of the 5 marks? Compose one question regarding this reading you would like to see discussed in class
Discuss some problem electronic mail systems : Discuss some problem Electronic mail systems need directories so people's email addresses can be lookedup. To build such directories, names should be broken up into standard components(e.g., first name, last name) to make searching possible.
Determine free cash flows for dell in each of the three year : Determine free cash flows for Dell in each of the three years reported. Compare that amount with net income each year. What pattern do you detect?
How does this approach differ from united state gaap : What method does British Airways use to amortize the cost of computer software development costs? How does this approach differ from U.S. GAAP?
What is the upward acceleration of the block : Imagine holding the above plastic block under water. When released, what is the upward acceleration of the block? (use g = 10 m/s2)
Identify and define the three characteristics of an asset : Identify and define the three characteristics of an asset that must be established to determine periodic depreciation, depletion, or amortization.
What steps will you need to take to complete the audit : Discuss what steps you will need to take to complete the diversity audit (What interviews will you conduct? What other steps will you take and What steps will you need to take to complete the audit?
Define the mixture fraction for the non-premixed combustion : Define the mixture fraction for the non-premixed combustion of the fuel blend specified above. Assuming infinitely fast chemistry, express the mass fraction of the water vapour in terms of the mixture fraction.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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