Frequent-flyer program

ACCOUNTING FOR AIRLINE FREQUENT FLYER PROGRAMS: MANAGEMENT INCENTIVES AND FINANCIAL REPORTING IMPACTS May 2012 Brian J. Franklin, BBA Accounting ‘12, College of Business and Public Policy, University of Alaska Anchorage, 3211 Providence Drive, Anchorage, AK 99508, 907-268-4233 Ext. 401, bfranklin@frontiertutoring.com ABSTRACT The obligation to provide free or reduced-fare travel to passengers who redeem their accrued frequent flyer program (FFP) benefits represents a significant liability on every major U.S. airline’s balance sheet. Major U.S. airlines employ one of two methods to account for the liabilities they incur when issuing mileage credits to traveling passengers. The Deferred Revenue Method recognizes a liability for the fair value…

When I first realize I had a problem in writing, I was writing a community paper, my choice of words in my mind was great, but they were horrible when they were put in writing. I took the community flyer and pass them out in front of a school, and I remember a parent saying to another lady who in the world wrote this? This person right like they’re in the third grade, I was embarrassed and I knew there needed to be some changes in my writing. I stop passing out the flyer and went home. I went…

Everybody wants to fly one day and Wilbur Wright and Orville Wright made that a possibility.They took flight on December,17,1903 where their lives changed. Wilbur was born in Millville,Indiana on April,16,1867 he was the first child in his family.His brother Orville Wright was brother and 2nd child of the Wright family. Where they moved to Dayton,Ohio where they grew up to work in their bicycle shop.Where they worked with their sister and his other brothers worked their to earn money. When the…

parental education is the purpose for the creation of this discharge teaching tool. An informative flyer will provide educational information that addresses common barriers that parents encounter during care for their child. This flyer is organized in a question-and-answer format so that parents can quickly find answers to their concerns. The specific learning objectives for this tool are the answers to these common questions, and reflect the outline of the flyer. The first objective is for…

First time flyer I always wanted to be a cheerleader. I loved watching older cheerleaders do stunts, gymnastics and I also liked watching them support their team. At my elementary school, no one was allowed to play sports till you were in third grade. So after waiting five years, I finally got to try out for the cheerleading team. I expected I would be nervous and scared when I got to tryouts. That 's the complete opposite of how I felt. I was so excited to show everyone all the jumps I could…

Orville and Wilbur Wright- also known as the Wright Brothers, were most famous for the invention of the gas-powered aircraft. In History, they have become the inventors of the first successful airplane. This also earned them the honor of being first in flight. Although there were creators of airplanes before them, the other inventors didn’t create them with the same ideas. They invented different types of aircraft, trying to perfect them. A good question to ask is, did these brothers know their…

“No flying machine will ever fly from New York to Paris…[because] no known motor can run at the requisite speed for four days without stopping.” -Orville Wright One thing that I found interesting about this quote is the fact that it came in 1909, which was about 6 years after the Wright Brothers’ original flights, which were considered very successful at that time. I think Orville Wright said this because he falsely assumed that airplanes would never go faster than they did at that time. Of…

View From Above More than anything else the sensation is one of perfect peace mingled with an excitement that strains every nerve to the utmost, if you can conceive of such a combination. — Wilbur Wright: one of the first men to experience the sense of flying ~ ~ ~ Looking down, I see the fields of the Snohomish Valley. I see the twisting, glistening river as it flows out towards the sound. I see the roads lit with the reflections of the sun on the…

Throughout human history, people have dreamed of flying. Leonardo Da Vinci drew images of flying contraptions, the Montgolfier brothers invented the hot air balloon, and George Cayley invented the first glider. But, humanity had yet to achieve man-controlled flight until 1903. Two brothers, who developed their mechanical passions through a bicycle shop, opened up the world to a new realm of airborne possibilities. The Wright brothers were the first to make the dream of flight a reality. The…

Introduction:The Wright brothers were two boys who grew up too be men with great mindsets they built airplanes. They are the first people ever to fly and that is awesome and back then and now they are still some of the most popular innovators in the world because of them we could get places a lot faster now instead of driving or walking we can fly. The Wright brothers were innovative. Wilbur Wright was born in Millville,Indiana in the year 1867. Orville Wright was born in…