Airline Disclosure Guides

Airline Disclosure Guides

These Airline Disclosure Guides (ADGs) were compiled by the IATA Industry Accounting Working Group in association with KPMG.

These Airline Disclosure Guides (ADGs) were compiled by the IATA Industry and KPMG.

These Airline Disclosure Guides (ADGs) have been compiled by the IATA Industry Accounting Working Group (IAWG), in association with KPMG. This working group’s mandate is to promote consistency in the application of International Financial Reporting Standards (IFRS) and to lobby accounting standard setters to take into consideration the interests of airlines globally.

 

The ADGs cover the latest accounting practices, principally from airlines reporting under IFRS related frameworks, to highlight key issues, judgements and disclosures made by airlines. They are designed to help in the development and analysis of airlines annual reports. The sample for the disclosures used in the ADGs comes mainly from annual reports of members of the IAWG and of IATA’s Financial Committee.

 

The ADGs are not intended as critical assessments of specific disclosures or accounting policies nor as a guide of best practice. Furthermore, they do not provide accounting advice or detailed analysis of the underlying standards, including relevant disclosure requirements, and they should not be used as a substitute for referring to the standards and interpretations of IFRS.

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Aircraft acquisition cost and depreciation

The airline industry is capital intensive and the accounting for aircraft assets has a significant impact on financial results

 
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Hedge Accounting

This ADG examines the impact of IFRS 9 on the financial results of early adopters and provides practical accounting guidance for airlines.

 
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Maintenance Accounting

This ADG aims to review the common challenges faced by airlines

 
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Segment reporting

This ADG provides insights into current industry practice for segment reporting

 
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Aerospace and Defence

Civil aerospace continues to be robust with suppliers seeing increased activity.

 
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James Stamp

James is a Partner and leads the Transport sector for KPMG in the UK.

 
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