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Southwest Airlines uses Generally Accepted Accounting Principles (GAAP) and non-GAAP. The company believes that both are necessary “to evaluate the Company’s performance and believes that comparative analysis of results can be enhanced by excluding the impact of the unrealized items†(Southwest, n...
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The use of both accounting principles gives a more adequate comparison of results for use by management when monitoring and controlling.
Southwest Airlines also uses automated systems to monitor employee productivity, but does not believe in bureaucracy when it comes to employee performance. Instead, the airline company uses more of a clan type of control mechanism...
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Generally Accepted Accounting Principles
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