$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

22420 Accounting Standards And Regulations

tag 0 Download6 Pages / 1,300 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

You are a recent accounting graduate and have been employed in the Financial Reporting Unit of Myer Ltd (MYR), an ASX listed retailer. The Risk Management Committee of the Board has become increasingly concerned about the changes in financial accounting standards, and AASB 16 Leases in particular.  

Required

You are required to prepare a report for the CFO considering the potential impacts of the changes in the accounting standard.

  1. With reference to MYR identify and summarise the current accounting policies (AASB117) relating to leases of premises.
  2. With reference to MYR identify and summarise the proposed accounting policies (AASB 16) relating to leases of premises.
  3. With reference to MYR explain the potential impacts of the changes in the accounting standard on the financial reports (balance sheet and income statement impacts).
  4. Evaluate the potential economic consequences for MYR of the changes the accounting standard. This should be answered using the accounting theory related to the use of financial reports (Week 0 material)
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 6 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Accounting Standards And Regulations. Retrieved from https://myassignmenthelp.com/free-samples/22420-accounting-standards-and-regulations/aasb117-leases.html.

My Assignment Help (2021) Accounting Standards And Regulations [Online]. Available from: https://myassignmenthelp.com/free-samples/22420-accounting-standards-and-regulations/aasb117-leases.html
[Accessed 19 April 2021].

My Assignment Help. 'Accounting Standards And Regulations' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/22420-accounting-standards-and-regulations/aasb117-leases.html> accessed 19 April 2021.

My Assignment Help. Accounting Standards And Regulations [Internet]. My Assignment Help. 2021 [cited 19 April 2021]. Available from: https://myassignmenthelp.com/free-samples/22420-accounting-standards-and-regulations/aasb117-leases.html.


Are you falling behind than the rest of your class when it comes to programming? Are you struggling with the deadline of the coding assignments? Then, it is high time you bestow your faith in our programming help. We provide valuable insight into Python, C, and C++, and offer Java help to assist the students with intricate projects. Furthermore, we provide proofreading service so that the programs are left with no bugs. When it comes to writing lab reports, MyAssignmenthelp.com leaves no stone unturned and provides with accurate outputs for the programs.

Latest Accounting Samples

INFT6500 Accounting Information System

Download : 0 | Pages : 6

Answer: The main aim of this presentation is to emphasise the importance of the CRM system. In pursuance of doing so all the implications along with the kind of industry suited for it along with its corresponding justification has been given. In today’s competitive world it is of utmost importance that the company focuses both on absorption and retention of customer (Hao et al., 2015). In order to do that there are various methods th...

Read More arrow

5ACCN003W Ethics And Corporate Social Responsibility In Accounting

Download : 0 | Pages : 9

Answer: Introduction As per Friedman “The main aim of any business is to increase its profit”, it highlights the fact that businesses operate and perform their work to make profit. It uses it resources and engages in such activities that they can make profit out of the same (Friedman, 1970). Every business is competing in the market in order of terms of revenue and making profit, that is the basic parameter based on which the...

Read More arrow

ACC 305 Intermediate Accounting

Download : 0 | Pages : 2

Answer: With regards to the given choice between deferred compensation and advance payment, there are two main factors which need to be considered. One of these is the underlying tax implication as deferred compensation is usually practiced when the employee wants to lower the tax outflow and thereby intentionally delays the receipt of salary by opting for deferred compensation. Thus, based on the marginal tax rate that is currently applicable...

Read More arrow

ACFI3001 Accounting Theory

Download : 0 | Pages : 7

Answer: Introduction The main objective of the assessment is to analysis the financial report of Flight Center ltd for the purpose of evaluating whether the business follows conceptual framework of reporting. The conceptual framework is basically a guideline which all accounting professionals are expected to follow in order to accurately report the financial status of the business. Company background The business of Flight center ltd is sel...

Read More arrow

BUSN7005 Contemporary Issues In Accounting

Download : 0 | Pages : 8

Answer: Introduction Corporate reporting may be considered to be one of the most critical and success-critical aspects of business studies as the same includes the consideration of lots of factors that are both internal as well as external to the business. An effective corporate reporting ensures the brand value and investor’ expectations amidst the external stakeholders of the business (Carmona, Salvador and Trombetta. 2008). On the ot...

Read More arrow
Next

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here

1,653,646

Orders

4.9/5

Overall Rating

5,121

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2632 Order Completed

100% Response Time

Albert Ambrosio

MSc in Nursing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens

MBA in HRM

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2109 Order Completed

99% Response Time

Emma Zhong

Ph.D in Project Management with Specialization in Project Communications Management

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

It was perfect I don\'t have to get it redone really on point and very happy with it thanks so much. You guys are a lifesaver

flag

User Id: 205927 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

Good work from them!! Great service!! They didn’t make me wait on my work I got it on time!!

flag

User Id: 669921 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

a great work. to be honest i was\'t sure if the expert would get everything right, but it turned really well.

flag

User Id: 229166 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

The work has been done properly, exactly as required. I\'m very happy with it. Thanks to the expert for such a masterpiece.

flag

User Id: 557066 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

Order on the go!

Say hello to our new app

callback request mobile
Have any Query?