This report provides an analysis of the impact of accounting for leases on the financial statements of organizations. It begins with an executive summary outlining the report's objectives, which is to evaluate the effects of the lease accounting process and how organizations have implemented AASB 16 rules. The report contains a literature review of three articles, which discuss the implications of the new accounting standard for leases (AASB 16) and the inclusion of operating leases in the balance sheet, the implementation of AASB 16 leases, and the challenges associated with the changes in lease accounting standards. The review explores how these changes affect financial ratios, the adaptation of financial executives, and the transparency of financial statements. The articles highlight the shift from operating to finance leases and the recognition of lease assets and liabilities. The report also examines the benefits of these new standards, such as improved data quality and lease management, and discusses the obstacles faced by organizations during the implementation process. The conclusion summarizes the findings and their implications for financial reporting and decision-making.