This report delves into advanced financial accounting, focusing on impairment testing and leasing standards within the context of Sai Global Limited's financial statements. Part A examines impairment testing of various assets, including goodwill, intangible assets, and trade receivables, detailing the two-step impairment process, the company's impairment expenditures, and the estimation of value-in-use. It also explores the subjectivity inherent in applying IAS 36 and the determination of fair value under IFRS 113. Part B shifts to the impact of new accounting standards on leasing, highlighting the historical treatment of operating leases, the lack of comparability, and the potential economic and commercial impacts of these changes. The report emphasizes the significance of these accounting changes for investors and financial statement users, and how the new standards aim to improve decision-making related to leasing versus purchasing assets. The report concludes with a list of relevant references to support the analysis.