Finance and Accountancy Briefing
Financial Statement Reporting case study: Spotlight on British Airways
Headquartered in Harmondsworth, England, British Airways (BA) is one of the world's largest and longest established international airlines.
Behind the glitz of travel to exotic destinations are many departments within BA that reflect the company's commitment to excellence in all that they do. "The responsibility of the Group Reporting team within British Airways is to provide our management, our regulators, our investors and the public at large with accurate and timely financial information, which transparently reflects the state of our current operations," said Despina Don-Wauchope, Group Reporting Manager, British Airways.
Changes in accounting standards and in the regulatory environment have resulted in additional complexity. Older processes needed to be refined in view of the complexity, including Group Financial Reporting.
This case study examines BA's investment in Financial Statement Reporting software and its impact on:
- Annual reports and accounts.
- Data quality and availability.
- Automation of financial reporting.
- Budgeting and forecasting.
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