Access the financial statements of WestJet Airlines Limited for its year ended December 31, 2017, from SEDAR (www.sedar.com) or the company's website. 

Instructions 

Review the financial statements and the company's note disclosures related to new accounting standards implemented, changes in significant accounting policies, and critical accounting estimates and judgements. 

a. Identify any new or revised accounting standard(s) that were implemented by WestJet in its 2017 fiscal year. How were the changes accounted for, and what was the effect of the change(s) on the financial statements?

b. List the presentation and disclosure requirements for a change in accounting policy, and indicate the extent to which WestJet provided these disclosures. 

c. What judgements and accounting estimates were critical to the financial position and operating results reported by the company for its 2017 year? Comment briefly on whether you think the reported numbers could be materially different.