Accounting Assignment: Annual Report Analysis
Research the consolidated financial statements including footnote disclosures and other financial information along with annual reports of American Airlines. Context is very important to understand your responses to these questions. That means when you provide me with numbers explaining a question, without comparing that number to total assets, total equity or net income gives me no idea about the importance of the numbers you provide.
1. Summarize the company's goodwill accounting and impairment of goodwill if any. Include any methodologies described by the company.
2. Summarize the company's accounting for their foreign currency translation adjustments. Identify and describe the impact any foreign currency adjustments. Can you identify the method used to translate the foreign currency to US$?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.