Accounting Assignment Essay Example | Topics and Well Written Essays - 1500 words

Accounting Assignment - rise ExampleBoth the Chairmans Statement (CS) and the Chief Executives Review (CER) tie 2009 as a very difficult year. They both(prenominal) emphasized that the companys loss forrader tax is a natural consequence of the drastic turnaround in the global economies. They also both affirmed the companys commitment to do its part in combating climate change plain if the prevailing adverse economic situation. They as well mention BAs long-term culture of becoming a leader in the global arena of the airline labor.The CS tackled specific issues that pertained non just to BA but to the entire airline industry of UK. The CS is written from a patch of view that sees BA as a primary industry player with respect to the rest of the industry and the business world at large. It discusses the ongoing battles for government regulations that would be favorable for the industry and for BA, the current positioning of BAs talks with other airlines regarding mergers and the general trend of the worlds airline industry. The CS also talks of matters that concern BAs shareholders such as the decision to declare no dividends and to give no bonuses to senior management for the year.In contrast, the CER covers more of BAs inborn issues. It talks of how BAs implemented cost-cutting measures to combat ill effects of the economic slowdown and of how BA works on further improving its overall customer service to achieve even higher(prenominal) satisfactory ratings. It also talks of the managements decision to give no salary increases to employees for the year.The chief financial officers Report contains information that a potential investor like Paul should be interested in. atomic number 53 is the basic earnings per share figure that is -32.6 pence another is the reduction of BAs other reserves by 988 million which will significantly reduce the companys shareholders equity. The third is the recommendation of BAs