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Location: SFO
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Originally Posted by
RealFan
I think this is the crux of the matter. I can't debate with you or anyone whether outstanding miles should be treated as a liability but the fact remains that this is how they are treated right now. So DAL and UA have decided to reduce this liability over time and redistribute miles purely to those who spend more. ...
Appears FASB also is encouraging changes {referenced in this
EY report} with flight miles more considered
deferred revenue vs the incremental cost method.
Disclaimer - IANACPA but I have stayed at a Holiday Inn Express with a CPA.
Last edited by WineCountryUA; Mar 8, 2015 at 7:22 pm
Reason: disclaimer