QFF Accounting

Discussion in 'Qantas Frequent Flyer Program' started by Chucksta, Oct 8, 2006.

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  1. Chucksta

    Chucksta Active Member

    Mar 19, 2006
    623
    28
    Australia
    Does anyone know how Qantas accounts for FF points?

    Does it treat it like a liability on their balance sheet?

    Does anyone know which AASB standard covers FF points for airlines?

    thanks,

    Chucksta

    PS: This is for a Masters level assignment..
     

  2. PaulZ

    PaulZ Member

    Jan 11, 2005
    215
    0
    For a student doing a masters degree i would have thought you would have considered having a quick look at the Qantas Annual Report??:rolleyes:

    http://www.qantas.com.au/infodetail/about/investors/AnnualReport2006.pdf
    Their policy is explained in the Notes to the Financial Statements:
    1. Statement of Signifi cant Accounting Policies: Note U, Page 81


    Do a search in the acrobat document for "frequent flyer" or "point"... you will get many relevant results when you get to the crux of the document, past page 41.

    Paul
     
  3. kyle

    kyle Active Member

    Mar 8, 2006
    790
    88
    MEL
    AASB 137 Provisions, Contingent Liabilities and Contingent Assets?
     
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