International financial reporting standards.

Assignment Help Accounting Basics
Reference no: EM13884097

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. What is the amount that AF reports in its income statement for its stock options for the year ended March 31, 2011? [Hint: See Note 28:  Share Based Compensation. ] Are AF s share options cliff vesting or graded vesting? How does accounting differ between U.S. GAAP and IFRS for graded vesting plans?
2. What amount(s) of earnings per share did AF report in its income statement for the year ended March 31, 2011? If AF used U.S. GAAP would it have reported EPS using the same classification?

Reference no: EM13884097

Questions Cloud

Make a list of arguments : 1.Consider the question of whether the United States should converge accounting standards with IFRS.
What is the purpose of a training plan : What is a Training Plan?What is the purpose of a training plan?How does training plan process flow?Who develops a training plan?How to develop a training plan?What are the types of training?What is in-house and external training?
What hypotheses are testing in situation : VISA Card USA wanted to determine if there is a  relationship between an individual's age and the method of payment they use.  They gathered data on the type of payment used by 200 individuals which is reported in the table below:
Disease control and prevention reported : In 2012 the Centers for Disease Control and Prevention reported that in a sample of 4,349 African Americans 31% were Vitamin D deficient. A 90% confidence interval based on this sample is (0.30, 0.32). It is believed that among the general population..
International financial reporting standards. : This material also is included in AF s Registration Document 2010 11,  dated June 15, 2011 and is available at www.airfranceklm.com.
Determine the modification worth making : A process modification has been devised that will increase the yield to 75%. The additional investment required is $1,250,000, and the additional operating costs are negligible. Is the modification worth making?
Find the amounts of recycling material at collecting points : Find the amounts of recycling material at collecting points according to the population or something else? The number of population is about 21, 850 people.
How might work from without being redundant : A recent study found that college freshmen who participated in an occupational engagement intervention wherein they e-mailed professors, learned ways to increase their information about careers, and wrote about their experiences of learning more a..
Evaluate the patterns of recruitment : Evaluate the patterns of recruitment, transit, and exploitation in relation to (at least) one form of human trafficking as well as examine who is exploited, and why.You must write within the stipulated word count limit of 1300 words.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Net unamortized bond premium

On that date the market price of the bonds was 105 and the market price of the common stock was $36. The total unamortized bond premium at the date of conversion was $175,000. Fogel should record, as a result of this conversion, a :

  Is recorded individually in a two-column general journal

In recording 400 fees earned on account during a single month, how many times will it be necessary to write Fees Earned.

  Value of your enterprise technology

Discuss your opinion about the value of your enterprise technology example and if you think it appropriately addressed optimal management of the value chain.

  Sherry rents her vacation home for 6 months and lives in it

sherry rents her vacation home for 6 months and lives in it for 6 months during the year. her gross rental income

  Determine relevant fixed and variable costs

He has begun to determine relevant fixed and variable costs and has accumulated the following per unit data:

  Discuss methods used to account for investments

Discuss methods used to account for investments in a consolidated financial statement. Explain journal entries on the parent's books to account for an investment using the cost method, the partial equity method, and the complete equity method.

  Mimi company is considering a capital investment

12. (TCO 6) Mimi Company is considering a capital investment of $250,000 in new equipment. The equipment is expected to have a 5-year useful life with no salvage value. Depreciation is computed by the straight-line method. During the life of th..

  A 500000 investment in a surface-mount placement machine is

a 500000 investment in a surface-mount placement machine is supposed to yeild annual savings of 92500. it is not clear

  Problem 3-2a preparing adjusting and subsequent journal

problem 3-2a preparing adjusting and subsequent journal entries l.o. c1 a1 p1.hormel co. follows the practice of

  Determine the correct inventory amount

According to its records, the inventory balance at year-end was $824,000. However, the following information was not considered when determining that amount. Prepare a schedule to determine the correct inventory amount.

  You delivered a printing press to your customer when it was

question 1 the steps of the operating cycle for a retailer usually take place in which order?1.purchases of merchandise

  Appropriate entry in general fund to record sale

Assuming that the City maintains its books and records in a manner to facilitate the preparation of the fund financial statements, what is the appropriate entry in the General Fund to record this sale?

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!

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