a. Find the new accounting standard for lease used by PT Garuda Indonesia and how the...
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a. Find the new accounting standard for lease used by PT Garuda Indonesia and how the standard affects the recognition and measurement of assets, liabilities, revenue, and expense by PT Garuda Indonesia. Do you support the BUMN spokesperson that applying a new accounting standard makes PT Garuda Indonesia's financial report (performance) worse? Why? Explain your answer. You may search for additional information through the internet (e.g. corporate website, news and media, IAl websites, etc.) b. Explore the application of new accounting standards for lease in the PT Garuda Indonesia case. From your point of view, does apply the new standard make the accounting information of PT Garuda Indonesia better or not? (Refer to the purpose of financial reporting in the Conceptual Framework). Explain your reasons. a. Find the new accounting standard for lease used by PT Garuda Indonesia and how the standard affects the recognition and measurement of assets, liabilities, revenue, and expense by PT Garuda Indonesia. Do you support the BUMN spokesperson that applying a new accounting standard makes PT Garuda Indonesia's financial report (performance) worse? Why? Explain your answer. You may search for additional information through the internet (e.g. corporate website, news and media, IAl websites, etc.) b. Explore the application of new accounting standards for lease in the PT Garuda Indonesia case. From your point of view, does apply the new standard make the accounting information of PT Garuda Indonesia better or not? (Refer to the purpose of financial reporting in the Conceptual Framework). Explain your reasons.
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Answer rating: 100% (QA)
A IFRS 16 was issued to overcome the criticism of IAS 17 especially regarding the fact that many lease transactions on lessee are not included in the statement of financial position offbalancesheet ma... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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