From the top two hundred companies listed on the Australian Securities Exchange (ASX) download the 2017-2018 annual report and perform the followings:
I- From the annual report of your selected company and in addition, to providing examples identify and describe the accounting concepts used.
2- What changes have been incorporated in the new accounting standard for lease AASB 16? Using your selected company and discuss the issue with examples.
3- Summarise the key disclosures the company has made on its accounting for leases including on the transitional provision and effect of the transition to AASB 16 from AASB 117. Provide examples for your selected company.
For additional guidance for marks allocations refer to the below marking rubric / guide.
Students need to make sure that performing the assignment using the same company is not permitted. You need to discuss the selection of your company with your lecturer before start working on your assignment. (Financial institutions such as Banks are not permitted to be selected for the assignment as they fall under other reporting and compliance framework requirements)