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Industry Accounting Working Group

The Industry Accounting Working Group is comprised of representatives of IATA member airlines and meets twice a year. It contributes to the development of high-quality accounting standards and uniform accounting policies within the airline industry. It also provides technical advice and guidance to IATA member airlines on new accounting standards.​

Airlines Disclosure Guides (ADGs)

The Industry Accounting Working Group has partnered with KPMG to develop a series of Airline Disclosure Guides (ADGs) covering the latest accounting practices, principally from airlines reporting under IFRS or its equivalents, to highlight key issues, judgments and disclosures made by airlines. Theese guidelines are designed to help in the development and analysis of airlines’ annual reports. 
 
The four guides cover:
  • Hedging
  • Maintenance accounting
  • Aircraft acquisition cost and depreciation
  • Segment reporting

IAWG Accounting Guides

These guidance documents were compiled by the IATA Industry Accounting Working Group (IAWG) in association with advisors from international accounting firms. They cover specific issues that the IAWG believe may cause diversity in practice. They are not prescriptive and simply provide a means to share the views of a group of accounting professionals within the airline industry on the specific topics addressed.​​

IFRS 15, Revenue from Contracts with Customers - Passenger Travel

These papers were prepared following consultation with the AICPA’s Revenue Recognition Task Force.  That group was charged with developing revenue recognition implementation issues that will provide helpful hints and illustrative examples for how to apply the equivalent US GAAP standard.

Additional Guidance is being drafted.

IFRS 15, Revenue from Contracts with Customers - Cargo

Guidance is being drafted.

IFRS 15, Revenue from Contracts with Customers - Maintenance Revenue

Guidance is being drafted.

IFRS 16, Leases

Guidance is being drafted.

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