AirwaySim is happy to announce the latest step in the development of the simulation - new and improved accounting and financial systems.
The current accounting system in AWS has been greatly simplified but with these changes we're entering the era of true business simulation also in this aspect. The old fully cash-based accounting will be phased out soon and it will be replaced with a proper accrual accounting system together with powerful financial reporting systems.
Some of the key changes of this update are:
- Some of the expenses where airline spends cash, like aircraft or slots bought, are no longer deducted as a single expense. As a result your cash in hand is no longer alone a metric of how well your company is doing.
- Aircraft valuation system has been changed together with a new and proper depreciation model to account for the costs of the aircraft.
- Three new powerful financial reporting pages: Balance sheet, income statement and cash flow statement.
Since this is a large update and it will be implemented on all game worlds we're giving all players some time to get to know the new system before it actually goes live. A manual page has been prepared to explain the changes and new systems, and the new financial statement pages are also available for public preview.We highly recommend everyone to read the manual page: http://www.airwaysim.com/game/Manual/Office/Accounting/
The manual page explains the key changes and also helps you to understand the new financial reports. If you wish to keep up with also with the minor updates and changes (not described in the manual), please keep an eye on the "v.1.3 previews/changes" thread at our forums.
If you have any questions of the update, please visit our forums and this topic's dedicated Q&A thread: http://www.airwaysim.com/forum/index.php/topic,51297.0.html
If you are playing in a game world you can also preview the financial staments. However please note that these pages are still partly incomplete
and all data does not yet show up there, or is incorrect as the old accounting system is still in force. But you can already preview the pages to get to know them and to better understand the available data.
Balance sheet: http://www.airwaysim.com/game/Office/Balance
Income statement: http://www.airwaysim.com/game/Office/Incomes/New
Cash flow statement: http://www.airwaysim.com/game/Office/Cashflow
The new accounting system will go live during January 2014
and it will be separately announced when it happens. The transition has been planned so that it will have minimal effects on running your airline. Some updates are already live, and others will follow later. Please consult the manual for more information about the key changes and transition.
When this update has been completed the next goal is to improve the price management features (route pricing, user interface) during early spring 2014, and after that move full steam ahead towards other major changes that will make the simulation world more dynamic.