British Airways Plc BA a U K company prepares its financial 179524
British Airways, Plc. (BA), a U.K. company, prepares its financial statements according to International Financial Reporting Standards. BA's annual report for the year ended March 31, 2009, which includes financial statements and disclosure notes, is included with all new textbooks and can be found at When answering questions, focus on BA's “ Group” financial information (which is equivalent to “Consolidated” under U.S. GAAP).

Describe the apparent differences in the order of presentation of the components of the balance sheet between IFRS as applied by British Airways (BA) and a typical balance sheet prepared in accordance with U.S. GAAP.

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help