56fa8e9a037b29ac643eb6b4083e Aa G 40 Part F: Shareholders' Equity and Additional Financial Reporting Issues F1. Locate Note 28.5 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? F2. In its presentation of the components of the balance sheet, which is listed first, current assets or non-current assets? Does this approach differ from U.S. GAAP? F3. In its presentation of the components of the balance sheet, which is listed first, current liabilities or non-current liabilities? Does this approach differ from U.S. GAAP? F4. In its presentation of the components of the balance sheet, which is listed first, liabilities or shareholders' equity? Does this approach differ from U.S. GAAP? F5. AF provides share-based compensation in the form of PPSS, Phantom Performance Shares. Recipients receive compensation in what form? Are such plans reported in the balance sheet as (a) assets, (b) liabilities, or (c) equity? [Hint: See Note 29: "Share-Based Compensation."] F6. Are AF's PPSS cliff vesting or graded vesting? F7. The PPS options are performance-based, which means that under either U.S. GAAP or IFRS the amount expensed depends on whether it's "probable" that the performance target will be met. Does this mean it's equally likely that performance-based PPSS will be expensed at the same amount under U.S. GAAP as under IFRS? report.pdf A 56% 84F 4 4 Et - here to search * ENGA US & 56fa8e9a037b29ac643eb6b4083e Aa G 40 Part F: Shareholders' Equity and Additional Financial Reporting Issues F1. Locate Note 28.5 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? F2. In its presentation of the components of the balance sheet, which is listed first, current assets or non-current assets? Does this approach differ from U.S. GAAP? F3. In its presentation of the components of the balance sheet, which is listed first, current liabilities or non-current liabilities? Does this approach differ from U.S. GAAP? F4. In its presentation of the components of the balance sheet, which is listed first, liabilities or shareholders' equity? Does this approach differ from U.S. GAAP? F5. AF provides share-based compensation in the form of PPSS, Phantom Performance Shares. Recipients receive compensation in what form? Are such plans reported in the balance sheet as (a) assets, (b) liabilities, or (c) equity? [Hint: See Note 29: "Share-Based Compensation."] F6. Are AF's PPSS cliff vesting or graded vesting? F7. The PPS options are performance-based, which means that under either U.S. GAAP or IFRS the amount expensed depends on whether it's "probable" that the performance target will be met. Does this mean it's equally likely that performance-based PPSS will be expensed at the same amount under U.S. GAAP as under IFRS? report.pdf A 56% 84F 4 4 Et - here to search * ENGA US &