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Proposed Statement Of Position : Accounting For Frequent Travel Award Programs, Developmental And Preoperating Costs, Purchases And Exchanges Of Take-Off And Landing Slots, And Airframe Modifications ;Accounting For Frequent Travel Award Programs, Developmental And Preoperating Costs, Purchases And Exchanges Of Take-Off And Landing Slots, And Airframe Modifications; Exposure Draft (American Institute Of Certified Public Accountants), 1987, June 30, American Institute Of Certified Public Accountants. Task Force On Airlines
Proposed Statement Of Position : Accounting For Frequent Travel Award Programs, Developmental And Preoperating Costs, Purchases And Exchanges Of Take-Off And Landing Slots, And Airframe Modifications ;Accounting For Frequent Travel Award Programs, Developmental And Preoperating Costs, Purchases And Exchanges Of Take-Off And Landing Slots, And Airframe Modifications; Exposure Draft (American Institute Of Certified Public Accountants), 1987, June 30, American Institute Of Certified Public Accountants. Task Force On Airlines
Exposure Drafts, Comment Letters, and Statements of Position
Until certain practical limitations and cost benefit considerations have been overcome, the incremental cost of providing free travel awards generally should be accrued when the award levels are achieved. Developmental costs related to preparation of operations of new routes should not be capitalized as previously permitted under the AICPA Industry Audit Guide, Audits of Airlines. The costs of acquiring take-off and landing slots are identifiable intangible assets that should be accounted for in conformity with Accounting Principles Board (APB) Opinion No. 17, Intangible Assets. The costs associated with airframe modifications that enhance the usefulness of the aircraft should be capitalized …