From your chosen stakeholder perspective (a company in your chosen GICS sector), 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.
Attachment:- Assignment.rar