The airline industry is capital intensive and the accounting for aircraft assets has a significant impact on financial results. Accounting for aircraft acquisition and depreciation is complex. While IAS 16 provides clear accounting principles, their application to aircraft and related assets often requires judgment by airlines, which need to be revisited each reporting period. This ADG offers accounting guidance and observed practice under IFRS in relation to aircraft acquisition cost and depreciation.
To download the PDFs, please follow this link to the IATA website.
© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.