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Demonstrate your understanding of accounting for leases

Assignment Help Financial Accounting
Reference no: EM132207997

There is a word limit of 2,000 words excluding abstract, appendices and reference list.

Your essay must contain an ‘Abstract'. Whilst this is usually not the normal requirement for an essay, it is a skill worth developing.

- APA referencing is to be used.
- The essay should be: o Typed
o Spacing at 1.5 lines
o Times New Roman is to be used
o Font size is 10.

Topic: Accounting for Leases - the impact of AASB (IFRS) 16

The bottom line on leasing under IFRS 16

IFRS 16, the new accounting standard on leases (AASB 16 Leases in Australia), will bring trillions onto balance sheets globally but putting it into practice has thrown up some complexities.

Essay topic: Accounting for Leases - the impact of AASB (IFRS) 16

You are required to write an essay to demonstrate your understanding of accounting for leases. With reference to the most recent annual report from a large ASX listed company (for example, Qantas, Woolworths, Wesfarmers, Myer, David Jones, JB Hi-Fi, Harvey Norman) write an essay which examines accounting for leases, and the major expected changes that will come about with the application of the new leasing standard.

Your essay must include:

- Evidence of your understanding of lease arrangements and the impact on financial reports, including a demonstration of operating versus financial leases.
- Summarise the company you have chosen, including the value of leases as currently listed in the financial reports.
- Research on the impact that the accounting rules for leases might have on the company you have been assigned.
- A summary of the short and long term impacts of the changes to reporting for leases (e.g. financial statements and gearing ratios).
- You should also be able to demonstrate your understanding of lease arrangements for the industry of your company and the lifecycle and stage of the lease.

Attachment:- Accounting assignment.rar

Verified Expert

"The assignment is prepared to include a detailed analysis of the new provisions of IFRS 16 in relation to leasing and its financial reporting.The distinction between the older and the new leasing provisions are discussed in detail and how the same would have impact on the lessor and the lessee companies in coming years.The assignment was prepared in Microsoft word and APA referencing has been adopted for the same".

Reference no: EM132207997

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len2207997

1/4/2019 8:30:53 PM

There is a word limit of 2,000 words excluding abstract, appendices and reference list. Your essay must contain an ‘Abstract’. Whilst this is usually not the normal requirement for an essay, it is a skill worth developing. APA referencing is to be used. The essay should be: o Typed Spacing at 1.5 lines Times New Roman is to be used Font size is 10.

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