The case highlights the issues related to changes in accounting policies should be Jet Airways for the year ended 31 March 2009. For the first quarter ended June 30, 2008, Jet Airways has changed its accounting policy for depreciation of the value of the method is recorded straight-line method on some aircraft, which resulted in the write-back of excess depreciation Rs. 9159000000. Company adopted accounting policies that are capitalized and postpone losses arising from certain exchange rate fluctuations instead of charging the profit and loss account. They also re-evaluate some of their assets in the previous year. Airlines have significant fixed assets, and thus accounting for depreciation is important. Accounting policy choice that the company is making an impact not only income and assets for the current year, but the next year. "Hide
on Padmini Srinivasan Source: Indian Institute of Management, Bangalore 12 pages. Publication Date: January 1, 2010. Prod. #: IMB331-PDF-ENG
Related Case Solutions & Analyses:
UFS Corporation B
The Politics and Economics of Accounting for Goodwill at Cisco Systems (A)
Louis Vuitton Moet Hennessy: Expanding Brand Dominance in Asia
WebSaver
Boston Chicken Inc.
International Paper (A)
Critical Illness Insurance in the Singapore Market Beyond 2014
The Globalization of the Renminbi: Feeling the Stones on the River Bed
Coal, Nuclear, Natural Gas, Oil, or Renewable: Which Type of Power Plant Should We Build?
Note on Valuing Control and Liquidity in Family and Closely Held Firms
