Intermediate Accounting

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...