Question

What are the identified issues with pink jet?

What accounting considerations should we keep in mind?

Answer 1

Issues with pénk jet - To Curtail costs, benk jet ae'rways Slips to cut down employee sources to 20. It includes senebo execute'ne, manageres also. Because it was bastially owned by Etihad Airways which delayed the Saldery payment to the staffs. As a result jet Denk aurways reduces staff during Q2 2019 Loss. the corporation repued its due to maeneo-economic conditions and payroll issues. Hence net Loss ocurred which aniovented to $ 1.326 Mruvon . Followings are the accounting consederation we Should to Low: . Airways should appoint certified Chartered accountant and internal auditors to verify the loop holes in βαη τοιι ροοοςς . Intom auditors must follow accounting Standards and IFRS guidelines to make the entries done properly and provede accurate reports. Amendments should be required in allountsha principles in order to evaluate depreciated assets and its value. Absorption cost brinceble can be implemented to ensure seduction in overhead costs and mascellaneous expenses so that buffer stock can be maintain during emergency period. All the best for your exam! Thank you!