Reference no: EM132892815
GAA6002 Advanced Financial Reporting - Gulf College
Learning outcome 1: Critically evaluate and apply the key requirements of company law, accounting standards and concepts in the context of financial reporting
Learning outcome 2: Extract, analyse and manipulate data, from multiple sources
Assessment Task
AS 17 Leases prescribes the accounting policies and disclosures applicable to leases, both for lessees and lessors. Leases are required to be classified as either finance leases (which transfer substantially all the risks and rewards of ownership, and give rise to asset and liability recognition by the lessee and receivable by the lessor) and operating leases (which result in expense recognition by the lessee, with the asset remaining recognised by the lessor).
You are required to judgmentally discuss leases according to the guidelines provided under IAS 17.
This assignment work will be examined as per following criteria.
Introduction: 280 words
Structure and contents:
Comprehensive discussion for;
Objective and scope of IAS 17 Classification of leases Accounting by lessors
Accounting by lessees 2100 words
Disclosure requirements:
Disclosure requirements under IAS 17 420 words
References
Harvard Referencing System
(Total 2800)
Instruction to the students:
- This assignment word count is 2800 words.
- Each page must be numbered.
- Use minimum fount size 12.
- Times new roman Font Style
- 1.5 line spacing and justify alignment
- All references must adhere to institutional requirements (Harvard references style)
- Word count must be stated at the end of your work.
- All tables and figures must be correctly numbered and labelled.
Attachment:- Advanced Financial Reporting.rar