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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1275 |
Essay's paper body
Qantas and Virgin provide a good example of airlines that use these two different approaches.
Qantas and Virgin frequent flyer accounting
As Qantas sells FFPs to third parties as well as providing them to customers, it accounts for FFPs in two ways. The sale of points to third parties is recorded as deferred revenue, net of points that are classified as not going to be redeemed (Qantas 2006)...
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Qantas and Virgin provide a good example of airlines that use these two different approaches.
Qantas and Virgin frequent flyer accounting
As Qantas sells FFPs to third parties as well as providing them to customers, it accounts for FFPs in two ways. The sale of points to third parties is recorded as deferred revenue, net of points that are classified as not going to be redeemed (Qantas 2006)...
Essay fragment
General points of the essay
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