Jet Airways :: Case Study

IntroductionAccounting is the pillar of every company to measure its growth, loss, revenue , capital, its really specify the real name in foam of figures and whatsoevertimes in tables, in accounting there ar certain rules ar obtained to make more accuracy while play with figures.To apply and the all rules of gameof an business we taking an aviation company known as fount Airways before we get into, here are some intro points about this company.History Jet Airways was found in 1st April 1992 by Mr. Naresh Goyal and they started their operation after one year may 5th 1993, Jet began international operations from Chennai to Colombo in March 2004. The company was listed on the Bombay Stock Exchange Jet airways Indias second major airline in terms of market shares after Indigo airlines based at Mumbai known as Indias economic capital in addition to macrocosm its Indias widest network with 3000 flights a day with 76 destinations worldwide, main operations are handle from Mumba i but secondary hubs are Delhi (Nation Capital of India) Kolkata and Bangalore, It has an international hub at capital of Belgium Airport, Belgium.Founder &Management Naresh Goyal, the founder Chairman of Jet Airways, Indias premier airline, has over 4 decades of experience in the Civil Aviation industry.After graduating in commerce in 1967. Mr Goyal begin his travel business with GSA for Lebanese international airline, himself chairman holding 80% of company shares.Currently this airline running with half-dozen boards of directors1.Mr. Javed Akthar 2.Mr. Iftikar M. Kadr3.Mr. Aman Mehta4.Mr. James Hogan5.Mr. Gaurang Shetty6.Mr. James RigneyAfter an overview of jet airways now we mould its ratios and figuresAccounting Principles & StandardsAccounting principles are main consideration , certain standards like rules of operations are pillar characteristicis to built accounting statements. Accounting principles can be presented in many ways, sometimes its create confusion for re aders mainly for beginners, but still acoounting principles are main tool to obtained financial statements. Its hold the whole acoounting process together.In order to make useful, there are some characteristics such as being practical and dependable. As a dependable for it must be acurate, unbiased and verifiable and practically accounting information must be compareable, prepared in a time frame, user friendly, consistent and able to differentiate.In accounting beside these characteristics, certain operational rules are obtained are followingHow a firm matched their revenue with expensesAt what time expenses are revenue has been reported