$1.$ Briefly explain how Woolsworth Australia has initially measured the lease$/$d assets $($Right of Use$)$ and lease liability.

$2.$ Are the amounts of lease$/$d assets $($Right of Use$)$ and lease liability same or different? If these two amounts are different why they are different?

$3.$ How much of the lease liability has been reported as current liability and how much has been reported as non$-$current liability? What is the implications of this current and non$-$current classifications of lease liability?

$4.$ What are the key estimates and assumptions used by the company in the subsequent measurement of lease$/$d assets $($Right of Use$)$ and lease liability?

$5.$ How many types of leases the company has reported? How are they different?

$6.$ How much cash did the company spend as interest payment for lease financing and how cash was spent for principal repayment of lease?

$7.$ Based on your understanding of finance lease and operating lease, does the company classify majority of its lease contract as finance lease or operating lease?

$8.$ If the company classified all of its current finance leases as operating leases, how would that change the assets and liabilities compositions and the debt to equity and debt to assets ratio of the company?

$9.$ Do your own research and briefly explain how the introduction of IFRS $16$ repealing IAS $17$ has the possibility of improving the information value of lease related disclosure $/$ lease accounting.

$10.$ How does the company manage and disclose its exposure to foreign exchange risks?

$11.$ Identify the hedging instruments the company uses and the types of hedges in which the company engages.

$12.$ What accounting policy does the company follow for its hedging instruments?

$13.$ What are the key estimates and assumptions used in it accounting for hedging?

$14.$ Is the company$$s hedging method effective in offsetting the gains or losses on the hedged items?

$15.$ In your own language explain the possible motivations and objective of the company in engaging in hedging practices.

$16.$ Identify and list different types of provisions reported and contingent liabilities or contingent assets disclosed in the notes by the company pursuant to AASB $137.$

$17.$ Provide a list of different types of employee benefits that the company has disclosed in the notes.

$18.$ Write a reflective journal about the topics covered in the unit describing your learning experience, and how the concepts and practices learned in the unit are essential in preparing and understanding the financial statement of a company.