(Done Paper) Referencing Styles : Harvard Requirements:AASB 16 was released in February 2016 and is applicable to annual reporting periods beginning on or after

(Done Paper) Referencing Styles : Harvard Requirements:AASB 16 was released in February 2016 and is applicable to annual reporting periods beginning on or after

Referencing Styles : Harvard Requirements:AASB 16 was released in February 2016 and is applicable to annual reporting periods beginning on or after 1 January 2019. You are required to take one of the stakeholder perspectives (a company in your chosen GICS sector) listed below for the purpose of providing a detailed report based on the following specific questions relating to AASB 16.Stakeholders: Choose a company in the following GICS sector;- Australian Real Estate Investment Trusts (A-REITs)- Discretionary- Consumer Stapl … View More Requirements: AASB 16 was released in February 2016 and is applicable to annual reporting periods beginning on or after 1 January 2019. You are required to take one of the stakeholder perspectives (a company in your chosen GICS sector) listed below for the purpose of providing a detailed report based on the following specific questions relating to AASB 16. Stakeholders: Choose a company in the following GICS sector; – Australian Real Estate Investment Trusts (A-REITs) – Discretionary – Consumer Staples – Energy – Financials – Financials excluding A-REITs – Health Care – Industrials – Information Technology – Materials – Metals and Mining – Telecommunication Services – Utilities From your chosen stakeholder perspective (a company in your chosen GICS sector), write a report addressing the following questions; 1. Why has the leasing standard been changed? What will change? What does it mean for your chosen stakeholder? And how AASB 16 would benefit and/or disadvantage the stakeholder? 2. What effect does AASB 16 have on your chosen stakeholder’s income statement, balance sheet and cash flow statement? What does it mean for users of your chosen stakeholder’s financial statements? (Note: discuss relevant ratios where applicable. Use most recent published financial statement of a company in your chosen GICS sector. Attach as Appendix 1 the financial statements used. Use ratios in the body of your discussion and attach your ratio calculation in appendix 2.) 3. Evaluate whether overall, AASB 16 would result in reporting that would be more useful to users? 4. Summarise your discussion for your Chief Executive Officer (CEO) who is from a non-accounting background. In your report make sure you consider the relevant specific technical and theoretical issues relating to AASB 16 from your nominated stakeholder perspective. You are also required to consider the theoretical implication of accounting information produced from the perspective of your nominated stakeholder.

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By | 2018-08-02T20:37:26+00:00 August 2nd, 2018|Management|