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Essay

Frequent Flyer Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Jodi S

 

Date added:

February 26, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1275

 

Was viewed:

299 times

 

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Essay content:

Although FFPs have a relatively low estimated value of between US$0.01 and US$0.10 each, the large number of kilometres flown by a multitude or airline customer's means that to any one airline FFPs can represent a significant liability (WebFlyer 2006). Because FFPs represent a present obligation for an airline to provide customers with air travel at a later date, they can be considered a liability (Bowman 1995, AASB 2004)...
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Although FFPs have a relatively low estimated value of between US$0.01 and US$0.10 each, the large number of kilometres flown by a multitude or airline customer's means that to any one airline FFPs can represent a significant liability (WebFlyer 2006). Because FFPs represent a present obligation for an airline to provide customers with air travel at a later date, they can be considered a liability (Bowman 1995, AASB 2004)...
displayed 300 characters

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