Accounting Meheheheheh Failed

In: English and Literature

Submitted By ngenglee
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ACW3050 Semester 1, 2015
Individual Assignment 1

Due date: Friday 3 April 2015 by 5.00 pm.
Weighting: 15%

(50 marks: Word count not to exceed 1000 word limit)
Task Details:
The core principle of IASB Exposure Draft 242 Leases is that entities should recognize assets and liabilities arising from a lease. Discuss the key changes on the recognition, measurement and disclosure on leasing by the lessor and the lessee stipulated in IASB Exposure Draft 242 with the exclusion of leasing of investment property. The comparison should be discussed in light of the present standard IFRS 117 on Leases.
Submission:
A hard copy of the assignment must be submitted in the relevant assignment box by the due date. Electronic submission is not permitted.

Penalties for late lodgement:
A maximum penalty of 10% of the total mark allocated to this assessment will be deducted for each day that it is late (i.e. 20 marks per day for each day late).

Guidelines: * This is an individual assignment. Please attach your assignment with your assignment cover page. * You must use scholarly research to develop the explanations you present in your assignment. The Monash electronic library databases “ABI Inform” and “Business Source Premier” are useful sources to locate scholarly and other resources, but other databases are available. * Comply with Q manual requirements in the presentation and referencing of this assignment. * Plagiarism is prohibited. * The word limit does not include references. * The assignment will be marked out of 50 and converted to a final grade out of 15. * You are required to keep a copy of this assignment until all results are finalised at the end of the semester. * Your word count should be within +/- 10% of 1000 word count. * Please attach the marking criteria with your assignment question.

Criteria…...

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