Accounting Concepts and Changes in AASB 16- Leases: A Case Study of Westpac Banking Corporation

This paper analyzes the different accounting concepts used by Westpac Banking Corporation in their annual report of 2017-2018 and evaluates the changes in AASB 16- Leases. It also discusses the disclosures on lease accounting and the transitional provisions. The paper provides a detailed analysis of the accounting standards used by Westpac and the impact of new terms on the entities. The subject of the paper is Advanced Financial Accounting and it includes the course code and name, college/university, document type, and type of assignment.