What are their financial reporting

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Reference no: EM133327298

Question: Air Yukon sells you an advance purchase airline ticket through your credit card in September for $1100 for your flight home at Christmas in December. You receive and pay the credit card bill in October. Revenue was recorded in September. The company awards a bonus to its sales agents based on revenues. The company year end is September 30th. INSTRUCTIONS a. Who are the users of the financial statements and what are their financial reporting/ decision making needs? b. Assume the company follows ASPE, provide a GAAP supported-case specific analysis. c. Assume the company follows IFRS, provide a GAAP supported-case specific analysis.

Reference no: EM133327298

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