PPRuNe Forums - View Single Post - Jetstar 787's
Thread: Jetstar 787's
View Single Post
Old 14th Oct 2013, 22:50
  #218 (permalink)  
FYSTI
 
Join Date: Nov 2011
Location: Inside their OODA loop
Posts: 243
Likes: 0
Received 0 Likes on 0 Posts
This is the standard: Compiled AASB Standard AASB 8 Operating Segment.
Have a read and a close look at what the can be done, there is an enormous scope for generating opacity by the "Chief Operating Decision Maker".
The term ‘chief operating decision maker’ identifies a function, not necessarily a manager with a specific title. That function is to allocate resources to and assess the performance of the operating segments of an entity. Often the chief operating decision maker of an entity is its chief executive officer or chief operating officer but, for example, it may be a group of executive directors or others.

The method here has been to generate a series of "plausible narratives" ie international is loss making, but yet hide behind opaque accounts which have not been revealed on the basis of commercial in confidence. In otherwords, it is impossible to follow the money without having access to the internal accounts. Public statements about any segment without revealing the corresponding accounts are simply disinformation 101.
FYSTI is offline