Industry Accounting Working Group
The Industry Accounting Working Group (IAWG) 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)
These Airline Disclosure Guides (ADGs) were compiled by the IATA Industry Accounting Working Group in association with KPMG. The ADGs cover the latest accounting practices, principally from airlines reporting under IFRS or its equivalents, to highlight key issues, judgments and disclosures made by airlines. They are designed to help in the development and analysis of airlines’ annual reports.
The four guides cover:
- 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 9, Hedging
IFRS 15, Revenue from Contracts with Customers
A collection of individual papers has been compiled
into a single document (pdf) that will be updated periodically to add new topics or
revise existing guidance.
IFRS 16, Leases
The individual papers shown below will be compiled into a single document that will be updated periodically to add new topics or revise existing guidance.