Question: AF has a frequent flyer program, Flying Blue, which allows members to acquire miles as they fly on Air France or partner airlines that are

AF has a frequent flyer program, "Flying Blue," which allows members to acquire "miles" as they fly on Air France or partner airlines that are redeemable for free flights or other benefits. a

.

How does AF account for these miles? b

.

Does AF report any liability associated with these miles as of December

31, 2013 ?

.

Is AF's accounting approach under IFRS consistent with how U

.

.

GAAP accounts for contracts with multiple performance obligations? Explain.

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