From the top two hundred companies listed on the Australian Securities Exchange (ASX) download the 2017-2018 annual report and perform the followings:
- From the annual report of your selected company and in addition, to providing examples identify and describe the accounting concepts used.
- What changes have been incorporated in the new accounting standard for lease AASB 16? Using your selected company and discuss the issue with examples.
- 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.