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Hi there. Here is the Financial statement pdf file; http://www.airfranceklm.com/sites/default/files/publications/afkl_registration_doc_2015.pdf Hi there. The Financial statement is found here: http://www.airfranceklm.com/sites/default/files/communiques/consolidated_financial _statements 2015.pdf Please let me know
Hi there. Here is the Financial statement pdf file;
Hi there. The Financial statement is found here: http://www.airfranceklm.com/sites/default/files/communiques/consolidated_financial _statements 2015.pdf Please let me know if you have any questions. Thank you so much for your help. Air France-KLM Case LO13-7 "RS Air France-KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF's financial statements and disclosure notes for the year ended December 31, 2015, are available in Connect. This material is also available under the Finance link at the company's website (www.airfranceklm.com) Required: .Read Notes 4.6 and 35. What do you think gave rise to total deferred income of C249 as of the end of fiscal 2015 Would transactions of this type be handled similarly under U.S. GAAP 2. Is the threshold for recognizing a provision under IFRS different than it is under U.S. GAAP? Explain Note 32 lists "other provisions. a. Do the beginning and ending balances of total provisions and retirement benefits shown in Note 32 for fiscal 2015 tie to the balance sheet? By how much has the total amount of the AF's "other provisions" increased or decreased during fiscal 2015 Prepare journal entries for the following changes in the litigation provision that occurred during fiscal Page 768 2015. assoming any amounts recorded on the income statement are recorded as "provision expense." and any use of provision is paid for in cash. In each case, provide a brief explanation of the event your journal entry i captunng i. New provision i. Use of provision Is AF's treatment of its litigation provision under IFRS similar to how it would be treated under U.S. GAAP Note 322 lists a number of contingent liabilities. Are amounts for those items recognized as a liability on AF's balance sheet? Explain Hi there. The Financial statement is found here: http://www.airfranceklm.com/sites/default/files/communiques/consolidated_financial _statements 2015.pdf Please let me know if you have any questions. Thank you so much for your help. Air France-KLM Case LO13-7 "RS Air France-KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF's financial statements and disclosure notes for the year ended December 31, 2015, are available in Connect. This material is also available under the Finance link at the company's website (www.airfranceklm.com) Required: .Read Notes 4.6 and 35. What do you think gave rise to total deferred income of C249 as of the end of fiscal 2015 Would transactions of this type be handled similarly under U.S. GAAP 2. Is the threshold for recognizing a provision under IFRS different than it is under U.S. GAAP? Explain Note 32 lists "other provisions. a. Do the beginning and ending balances of total provisions and retirement benefits shown in Note 32 for fiscal 2015 tie to the balance sheet? By how much has the total amount of the AF's "other provisions" increased or decreased during fiscal 2015 Prepare journal entries for the following changes in the litigation provision that occurred during fiscal Page 768 2015. assoming any amounts recorded on the income statement are recorded as "provision expense." and any use of provision is paid for in cash. In each case, provide a brief explanation of the event your journal entry i captunng i. New provision i. Use of provision Is AF's treatment of its litigation provision under IFRS similar to how it would be treated under U.S. GAAP Note 322 lists a number of contingent liabilities. Are amounts for those items recognized as a liability on AF's balance sheet? Explain http://www.airfranceklm.com/sites/default/files/publications/afkl_registration_doc_2015.pdf
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