Criticise the extent to which the discussion on practical implications of new accounting for leases presented by Churyk, Reinstein and Lander (2015) considers two fundamental characteristics of financial information stated in the AASB’s Framework for Preparation and Presentation of Financial Statements.

Acct6007 Fa Theory & Practice_Assignment Brief Page 2 of 4

Essential sources of reference • Article by Churyk, Reinstein and Lander (2015)
This article can be found in the Torrens University library using the following citation:
Churyk N. T., Reinstein A. and Lander G. H. (2015), Leasing: reducing the game of hiding risk, Journal of Accounting and Organizational Change, Vol.11, No.2, pp.162-174 • The AASB’s Framework for Preparation and Presentation of Financial Statements (the Framework)
The Framework can be downloaded from the AASB’s website:
http://www.aasb.gov.au/admin/file/content105/c9/Framework_07-04_COMPjun14_0714.pdf • AASB 117 Leases and AASB 16 Leases
These accounting standards can be downloaded from AASB’s website:
http://www.aasb.gov.au/Pronouncements/Current-standards.aspx • Academic skills resources: Analysing the Brief, Essay Writing, and Critical Thinking
These resources can be downloaded from LASU – Learning and Academic Skills Unit on Blackboard following the link:
https://laureateau.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_20163_1&co ntent_id=_2498849_1