Air Canada Internal Control Essay
Abstract
After reading this paper you will be able to:
Know about Air Canada briefly.
Account for the initial valuation of capital assets, costs subsequent to acquisition, and the deposals of capital assets with reference to Air Canada.
Define cash and accounts receivables and explain the recognition and valuation of receivables.
Identify and compare depreciation methods.
Table of Content
Introduction
Task 1: Internal Control and Cash
Task 2: Receivables
Task 3: Noncurrent Assets
Task 4: Recommendations
Conclusion
References
Introduction
Air Canada is counter as Canada’s flag carrier. It is Canada’s largest international, domestic and US transborder airline. It is also the largest supplier of scheduled passenger services in …show more content…
This will help air Canada in increasing their profits.
Conclusion
I would like to conclude this research paper by saying that Air Canada is doing an extraordinary job by controlling I’s internal controls and by keeping track of all the transactions that take not only in Air Canada but all the subsidiaries as well. I think that Air Canada should stay on the same track but with a little bit of changes, which they can use from the recommendations section that is mentioned above.
Air Canada’s development in financial accounting shows that they are a company that keeps looking forward and shows why they are the leading Airline in Canada and in the American region.
References.
After reading this paper you will be able to:
Know about Air Canada briefly.
Account for the initial valuation of capital assets, costs subsequent to acquisition, and the deposals of capital assets with reference to Air Canada.
Define cash and accounts receivables and explain the recognition and valuation of receivables.
Identify and compare depreciation methods.
Table of Content
Introduction
Task 1: Internal Control and Cash
Task 2: Receivables
Task 3: Noncurrent Assets
Task 4: Recommendations
Conclusion
References
Introduction
Air Canada is counter as Canada’s flag carrier. It is Canada’s largest international, domestic and US transborder airline. It is also the largest supplier of scheduled passenger services in …show more content…
This will help air Canada in increasing their profits.
Conclusion
I would like to conclude this research paper by saying that Air Canada is doing an extraordinary job by controlling I’s internal controls and by keeping track of all the transactions that take not only in Air Canada but all the subsidiaries as well. I think that Air Canada should stay on the same track but with a little bit of changes, which they can use from the recommendations section that is mentioned above.
Air Canada’s development in financial accounting shows that they are a company that keeps looking forward and shows why they are the leading Airline in Canada and in the American region.
References.