Leasing as well as disclosure in the company’s financial

Leasing is a significant aswell as widely used solution in financing for various types of businesses.Leasing allows businesses to use and to have access to properties and equipmentwithout having to incur great cash outflows. This report sets outthe topic of lease with the purpose of analyzing IPH Ltd’s current leaseagreement, it includes all the applicable classifications as well as a summary regardingthe company’s current accounting treatment, presentation as well as disclosurein the company’s financial statements in regards to AASB 117 Leases.

It will befollowed by a summary of the new rules in accordance with AASB 16 Leases andthe reasons for changes from the current accounting standard AASB 117 Leases.This report will also discuss as well as analyze the potential impacts on thecompany’s financial position and financial performance from the application ofthe new rules on the current lease contracts as per the latest annual report,which will be followed by aconclusion and recommended actions to best prepare IPH Ltd for the newaccounting change.

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