英语论文网

Derivative financial instruments are recognised and stated at fair value. The fair value of derivative financial instruments is determined by reference to market values for similar financial instruments, by discounted cash flows or by the use of option valuation models. Where derivative do not qualify for hedge accounting, any gains or losses on remeasurement are immediately recognised in the profit and loss account.

British Airways:

Basis of Financial Statements:

These financial statements have been prepared on a historical cost convention except for certain financial assets and liabilities, including derivative financial instruments and available-for-sale financial assets that are measured at fair value. The carrying value of recognised assets and liabilities that are subject to fair value hedges are adjusted to record changes in the fair values attributable to the risks that are being hedged.

Inventories:

Inventories, including aircraft expendables, are valued at the lower of cost and net realisable value. Such cost is determined by weighted average cost method.

Under IAS 39 ‘Financial Instruments – Recognition and Measurement’, financial instruments are recorded initially at fair value. Subsequent measurement of those instruments at the balance sheet date reflects the designation of the financial instrument. The Group determines the classification at initial recognition and re-evaluates this designation at each year end except for those financial instruments measured at fair value through the income statement.

Other investments (other than interests in associates) are designated as available-for-sale financial assets and are recorded at fair value.

Enterprise financial informatization under the environment of accounting process reengineering refers to the network information technology as technical support, according to user needs to integrate the original accounting information processing, simplified and optimized, thus changing the way information collection, processing and output, to achieve financial and business cooperation, information to generate and use a new type of accounting business process interactions.The meaning of enterprise accounting process reengineering is mainly manifested in the following four aspects: first, to implement centralized financial management.Accounting process reengineering for enterprises to implement the unified accounting system and accounting work process has brought an opportunity, through online generated automatically transfer funds and proof of charge to an account, collaborative processing of financial and business, make the information generated in the financial management of each link together into a continuous flow of information, information users can according to their own permission to get useful information from the information system;Second, the financial management is beneficial to strengthen the advance and things.In accordance with the requirements of enterprise financial informatization reengineering of the accounting process, can realize financial management 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。