Description: Not that long ago Bombardier appeared in some trouble and was cutting staff. But this week Bombardier disclosed plans to hire 1,000 additional workers over the next 18 months. And it’s not just Bombardier with good news for Quebec workers. Aerospace Montreal, an industry promoter, predicted over 30,000 aerospace jobs would need to be filled over the next several years.
Date: November 17, 2017
1) In Wiley’s Financial Accounting: Tools for Business Decision Making, contains an interesting comparison of Bombardier and two other companies in terms of their operating cycles. Check out “Keeping an Eye on Cash” on page 240 and determine the differences between the three organizations.
2) Wiley’s Financial Accounting: Tools for Business Decision Making, also contains a chapter-opening vignette on how WestJet accounts for its aircraft. Go to the start of chapter 9. How does Westjet depreciate its aircraft?
3) Would you be interested in an accounting career in the aerospace industry in Montreal given the growth prospects? Why or why not?