Report topic: Accounting for Leases – the impact of AASB (IFRS) 16
You are required to prepare a report to demonstrate your understanding of accounting for leases in relation to two of Australia’s well known mining companies, Rio Tinto Limited (ASX: RIO) and BHP Group (ASX: BHP). With reference to the most recent annual reports from both companies write a report which examines accounting for leases and the major changes that occurred with the application of the new leasing standard.Your report must include:
- Evidence of your understanding of lease arrangements. . .
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