B293 TMA- Lufthansa Group Case Study (1000)
This report provides soultion to questions of BE293TMA.
The TMA BE 293 covers the financial accounting concepts and practices in the businesses.
It is marked out of 100 and is worth 20% of the overall assessment component.
It is intended to assess students’ understanding of some of the learning points within chapter 15, 16, 17,21.
This TMA requires you to apply the course concepts
The TMA BE 293 covers the financial accounting concepts and practices in the businesses.
It is marked out of 100 and is worth 20% of the overall assessment component.
It is intended to assess students’ understanding of some of the learning points within chapter 15, 16, 17,21.
This TMA requires you to apply the course concepts
What are the goals of lifthansa group? And explain the two strategies the company is using?
Answer
Companies tend to use the consolidation financial statements rather than Saperate financials. Identify the advantages of consolidating the financial statements?
Answer
What are the most important market that the company focus on? And how do the deal with competition?
Answer
Write a memo, in no more than 200 words, explaining: (Hint: Explain and support your memo by suitable figures from the annual report.)
There are two type of leases in accounting explain them and mention the GAAP criteria to consider the lease as capital “finance” lease explain them in details.
Explain the difference between the operating lease and capital lease accounting wise?
How much is the lease obligation for the operating lease and finance lease for 2014?
Answer
In the annual report Lufthansa mentioned that they measure certain asset and liabilities using fair value measurement, according to FASB there are three level hierarchy for the fair value measurement technique explain them? Mention example from the balance sheet for asset and liabilities that were measured at fair value for each level.
Answer
According to ISAB, Debt investments are accounted either by the amortize cost or by fair value method. To identify the method used there is certain model. Please explain the model and its criteria.
Answer
Write a memo, in no more than 200 words, explaining: (Hint: Explain and support your memo by suitable figures from the Lufthansa annual report.)
According to IAS 36 on Impairment of Intangible Assets how do Lufthansa account for impairment of intangible asset?
Who is responsible for estimating the useful lives of intangible assets?
How do Lufthansa account for its intangible assets?
What was the composition of identifiable and unidentifiable intangible assets reported
How much accumulated impairment did Lufthansa report from the intangible assets and goodwill?
Answer
Case Study 2 Calculate the Basic and Diluted EPS.
Solution
References
Answer
Companies tend to use the consolidation financial statements rather than Saperate financials. Identify the advantages of consolidating the financial statements?
Answer
What are the most important market that the company focus on? And how do the deal with competition?
Answer
Write a memo, in no more than 200 words, explaining: (Hint: Explain and support your memo by suitable figures from the annual report.)
There are two type of leases in accounting explain them and mention the GAAP criteria to consider the lease as capital “finance” lease explain them in details.
Explain the difference between the operating lease and capital lease accounting wise?
How much is the lease obligation for the operating lease and finance lease for 2014?
Answer
In the annual report Lufthansa mentioned that they measure certain asset and liabilities using fair value measurement, according to FASB there are three level hierarchy for the fair value measurement technique explain them? Mention example from the balance sheet for asset and liabilities that were measured at fair value for each level.
Answer
According to ISAB, Debt investments are accounted either by the amortize cost or by fair value method. To identify the method used there is certain model. Please explain the model and its criteria.
Answer
Write a memo, in no more than 200 words, explaining: (Hint: Explain and support your memo by suitable figures from the Lufthansa annual report.)
According to IAS 36 on Impairment of Intangible Assets how do Lufthansa account for impairment of intangible asset?
Who is responsible for estimating the useful lives of intangible assets?
How do Lufthansa account for its intangible assets?
What was the composition of identifiable and unidentifiable intangible assets reported
How much accumulated impairment did Lufthansa report from the intangible assets and goodwill?
Answer
Case Study 2 Calculate the Basic and Diluted EPS.
Solution
References
