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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Conceptual Understanding: Concept of an Asset
C2. ConCept â–¶ Southwest Airlines Co. is one of the most successful airlines in the United States. One of its annual reports contained this statement:
We are a company of People, not Planes. That is what distinguishes us from other airlines and other companies. At Southwest Airlines, People are our most impor- tant asset.12
Are employees considered assets in the financial statements? Why or why not? Discuss in what sense Southwest considers its employees to be assets.
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