Air france-klm af a french company prepares its financial, Ask an Expert

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Air France-KLM (AF), a French company, prepares its financial statements according to International Financial Reporting Standards. AF's annual report for the year ended March 31, 2011, which includes financial statements and disclosure notes, is included in AF's "Registration Document 2010-11," dated June 15, 2011 and is available at www.airfranceklm.com.

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What method does the company use to value its inventory? What other alternatives are available under IFRS? Under U.S. GAAP?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9798400

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