QFF Accounting | Australian Frequent Flyer
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QFF Accounting

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Chucksta

Active Member
Joined
Mar 19, 2006
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623
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..
 

PaulZ

Member
Joined
Jan 11, 2005
Messages
216
Chucksta said:
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..
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
 

kyle

Established Member
Joined
Mar 8, 2006
Messages
1,115
AASB 137 Provisions, Contingent Liabilities and Contingent Assets?
 
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