Impact of New Lease Standard AASB 16 on Beam Telecommunications Holding
VerifiedAI Summary
The report has analyzed the impact of the implementation of the new lease standard AASB 16 on the financial statements of Beam Telecommunications Holding. The report has identified the changes incorporated in the new lease standard and the key disclosures made by the company on the lease accounting. The report has also evaluated the effect of transition from AASB 117 to AASB 16 on the financial statements of the company. The report has outlined the accounting policies used by the company and the impact of the new lease standard on the telecommunication industry. The report concludes that the new lease standard would significantly impact the financial statements of the company and the telecommunication industry as a whole.
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