SUBJECT:CO5123:03 Advanced Issues in Accounting - Assignment

SEMESTER: SP1 2019

Details and requirements:

Individual reports are to be submitted by the due date.

Due to the long time period in which to do the assignment, no extensions will be granted.Do not leave it until the last minute.

The report carries a weighting of 25% as per the subject outline.

Assessment criteria (marking rubric) is available in the subject outline and in the assessment folder

There is a word limit of 2,000 words excluding abstract, appendices and reference list. The use of Appendices and reference to these in the body of your report will assist you in maximising your word limit.

Your report must contain an 'Abstract'. Whilst this is not always the case in reports, it is a skill worth developing.

APA referencing must be used, including in-text referencing and a reference list. You should have a minimum of five (preferably more) reference sources. At least two of these should be journal articles. In addition, you should also reference relevant accounting standards. There are a large number of refereed journals and texts available in the Financial Accounting area, as well as detailed information regarding the applicable standards on the AASB website.

The report should be:

oTyped

oSpacing at 1.5 lines

oTimes New Roman is to be used

oFont size is 12.

Topic: Accounting for Leases - the impact of AASB (IFRS) 16

Accounting for leases by Australian reporting entities will change with the application of AASB 16: Leases.AASB 16 is effective 1 January 2019. Early application is permitted for companies that also apply IFRS 15 Revenue from Contracts with Customers.

Read the following article and prepare a report that addresses various questions (outlined below) that emanate from the article.