Submitted by: Submitted by Maureen1713
Views: 192
Words: 875
Pages: 4
Category: Business and Industry
Date Submitted: 07/22/2013 03:56 PM
You are an accountant for a local stockbroker firm. You have been tasked with reviewing the Annual
Report of British Airways and preparing a report that evaluates and analyzes the annual report. Since
British Airways is not an American company, they do not report using U.S. GAAP, but report under
International Financial Reporting Standards (IFRS) instead. You will be comparing and contrasting
the differences between the two reporting rules. This report will be distributed to the stockbrokers to
help them decide whether they want to encourage their clients to invest in the company or not, and
understand why.
Your task is to write a report giving your evaluation of British Airways and the differences between
IFRS and U.S. GAAP found in their Annual Report. Be sure to include your evaluation of British
Airways financial position and any ethical issues that exist or may arise due to disclosures made within
the report.
Using the Virtual Library and other scholarly resources write a report that fully addresses the items
presented below. Be sure to supplement and support your observations. You may also use some news
Assignment for Submission Assignment Due Date
Outline for Instructor feedback Week 3 by Saturday at 11:59 pm, ET.
Draft Week 5 by Saturday at 11:59 pm, ET.
Upload your Portfolio Project to Optimal Resume.
Submit the Share link to the ANGEL dropbox.
Week 6 by Saturday at 11:59 pm, ET.reports if you find any that are pertinent to the case. You are required to use at least four different
credible sources (including your textbook). **Hint – if you use the index at the back of the book, you
can quickly find your topic in the text.
Requirements
4 to 5-pages (cover and reference page not included)
A minimum of four references to support your findings
Case Information
British Airways, Plc. (BA), a U.K. company, prepares its financial statements according to IFRS. BA's
annual report for the year ended March 31, 2009. It...