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Impact of AASB 16 Leases on Woolworths' Financial Statements

   

Added on  2023-06-03

9 Pages2389 Words353 Views
Finance
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ACCG224: Financial Accounting and
Reporting
Impact of AASB 16 Leases on Woolworths' Financial Statements_1

Woolworths
Executive Summary
In the present scenario, the organizations are having various lease agreements and the
regulations concerning the same are having an impact on the financial statements. In this
report, Woolworths is selected for the purpose of the report. In the report, the lease is
described and summary of the new rules is present in a vivid manner. Further, the potential
impact of the same has been shown in the report.
2
Impact of AASB 16 Leases on Woolworths' Financial Statements_2

Woolworths
Contents
Introduction...........................................................................................................................................3
1. Description of lease.......................................................................................................................3
2. Potential impact............................................................................................................................4
3. Evaluation......................................................................................................................................5
Conclusion.............................................................................................................................................8
References.............................................................................................................................................9
3
Impact of AASB 16 Leases on Woolworths' Financial Statements_3

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