Air France-KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF's
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1. AF provides share-based compensation in the form of PPSs, Phantom Performance Shares. Recipients receive compensation in what form? How are such plans reported in the balance sheet? [Hint: See Note 30: "Share-Based Compensation."] Are AF's PPSs cliff vesting or graded vesting? How does accounting differ between U.S. GAAP and IFRS for graded-vesting plans?
2. What amount(s) of earnings per share did AF report in its income statement for the year ended December 31, 2015? If AF used U.S. GAAP, would it have reported EPS using the same classification?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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