Under those accounting principles could afs financial

Assignment Help Accounting Basics

Reference no: EM13589711

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.

1. What amounts did AF report for the following items for the 2011 fiscal year ended March 31, 2011?

a) Total revenues

b) Income from current operations

c) Net income (AF equity holders)

d) Total assets

e) Total equity

2. What was AF's basic earnings per share for the 2011 fiscal year?

3. Examine note 3.1.1 of AF's annual report. What accounting principles were used to prepare AF's financial statements? Under those accounting principles, could AF's financial information differ from that of a company that exactly followed IFRS as published by the IASB? Explain.

Reference no: EM13589711

Questions Cloud

Would the cost of the vacations for the sales and human : the proper allocation of manufacturing overhead to products produced is required by generally accepted accounting

Find the npv and pi of an annuity that pays 500 per year : 1. find the net present value npv and profitability index pi of a project that costs 1500 and returns 800 in year one

Calculate the amount of depreciation to report during the : calculate the amount of depreciation to report during the year ended december 31 2013 for equipment that was purchased

If 95 grams of copper sulfate pentahydrate and 2 grams of : question if 9.5 grams of copper sulfate pentahydrate and 2 grams of iron are given calculate which reactant is the

Under those accounting principles could afs financial : air france-klm af a french company prepares its financial statements according to international financial reporting

A corporate purchases 3000 shares of its 10 par common : a corporate purchases 3000 shares of its 10 par common stock for 16 per share. the debit part of the journal entry for

Nbspthe initial concentration of a reactant in the first : question the initial concentration of a reactant in the first order is .28m. the rate constant for the reaction

What is the estimated net operating income for july if the : morganton company makes one product and it provided the following information to help prepare the master budget for its

Which of the following costs is most likely to be the : which of the following costs is most likely to be the largest expense reported on the income statement of a

User Account

All Pages