ACCOUNTING FOR FREQUENT FLIERS INTRODUCTION: Accounting for frequent fliers had become a controversial topic since American Airlines in 1981 introduced them as a loyalty program. Loyalty programs provide members with benefits such as discounts and saving rewards‚ which make these programs popular among consumers (Liebermann‚ 1999). In this specific case‚ we define the Frequent Flier Program (FFP) as “the number of mileage credits and associated liabilities outstanding”. This program as we might see
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| Food Retailers and Wholesalers | 213.41 | Industrial Transportation | 373.43 | Retailers | 371.73 | | | Nominal | | Ordinal | | Ratio | | Interval | award: 16.66 out of 16.66 points Two thousand frequent business travelers are asked which midwestern city they prefer: Indianapolis‚ Saint Louis‚ Chicago‚ or Milwaukee. 120 liked Indianapolis best‚ 430 liked Saint Louis‚ 1360 liked Chicago‚ and the remainder preferred Milwaukee. Develop a frequency table
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Introduction Frequent flyer loyalty programs are a valuable marketing tool for airlines‚ however accounting for frequent flyer points (FFPs) is not a straight forward process (Bowman 1995). The aim of this assignment is to examine the concept of how FFPs should be accounted for according to the Framework‚ compare how Qantas Airways Limited (Qantas) and Virgin Blue Holdings Limited (Virgin) account for FFP’s‚ and determine the potential consequences of different accounting treatments. Accounting procedure
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Frequent Flyer Program (FFP) Is a loyalty program offered by many airlines. Typically‚ airline customers enrolled in the program accumulate frequent flyer miles (kilometers‚ points‚ segments) corresponding to the distance flown on that airline or its partners. There are other ways to accumulate miles. In recent years‚ more miles were awarded for using co-branded credit and debit cards than for air travel. Acquired miles can be redeemed for free air travel; for other goods or services; or for increased
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foods and other products or services as made available through partnerships with other external companies. The strategic purpose of the Frequent Shopper Program isto provide a system by which this process can be implemented and maintained. The object here is to create a business/systems requirements document as it is related to or for the development of the Frequent Shopper Program system to meet the objective of this request. Process design is defined as being Activities_ involved in determining
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Introduction Tom the CEO of last Mile Corporation‚ that has been doing well during the past few years .The company its own facility for 2 years was a pioneer in technology for wireless board band access. As the years rolled by technology changed faster and the generation period of new technology has been cutting down. Being that Last Mile is a small company‚ they were not financial stable to keep up with the new technology and build the company market. Tom was given 2 choices/options from Mid West
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ACCOUNTING FOR AIRLINE FREQUENT FLYER PROGRAMS: MANAGEMENT INCENTIVES AND FINANCIAL REPORTING IMPACTS May 2012 Brian J. Franklin‚ BBA Accounting ‘12‚ College of Business and Public Policy‚ University of Alaska Anchorage‚ 3211 Providence Drive‚ Anchorage‚ AK 99508‚ 907-268-4233 Ext. 401‚ bfranklin@frontiertutoring.com ABSTRACT The obligation to provide free or reduced-fare travel to passengers who redeem their accrued frequent flyer program (FFP) benefits represents a significant liability on
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The book The Green Mile‚ written by Stephen King‚ is about a prison guard who works on death row of the Tennessee State Penitentiary. Paul Edgecomb has his work cut out for him every day with this job due to the behavior of the prisoners as well as the immaturity of one of his guards‚ Percy Wetmore. Throughout the book‚ Paul experiences many things‚ good and bad; however‚ when John Coffey arrives on the “E-Block” things change completely for Paul. John has a very different vibe to him than the
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The Electric Miles Davis Born in Alton‚ Illinois‚ Miles Davis grew up in a middle-class family in East St. Louis. Miles Davis took up the trumpet at the age of 13 and was playing professionally two years later. Some of his first gigs included performances with his high school bandand playing with Eddie Randall and the blue Devils. Miles Davis has said that the greatest musical experience of his life was hearing the Billy Eckstine orchestra when it passed through St. Louis. In September
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Food Miles A food mile is the distance food travels from the farm to the store where you buy it‚ and these miles are costly to the environment. They are among the fastest-growing sources of greenhouse gas emissions worldwide. The concept of food miles started in the early 1990’s in the United Kingdom .The more the food miles that are attached to a particular food‚ the less sustainable and the less environmentally the food is desired. Professor Tim Lang at the Sustainable Agriculture Food and Environment
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