Advanced Financial Accounting: Changes in Accounting for Leases AASB 16

This assignment discusses the accounting concepts used by Seven Holdings Group and the changes incorporated in the newly modified standard of accounting for leases AASB 16. It also provides a summary of the key disclosures made by the company on accounting for leases, transitional position, and the effect of the transition from the accounting standard of lease AASB 117 to accounting standard of lease AASB 16.