Qantas Airline AASB 16 Leases and its impact on the financial position and performance of companies As a new accounting graduate, you have just joined the financial reporting unit of a company listed on the Australian Stock Exchange (ASX). The Chief Financial Officer (CFO) asks you to assist with the implementation of the new accounting AASB 16 Leases. One of your key objectives is to understand and provide a report of the potential impacts the new standard will have on the company‘s financial statements as the company has significant leasing arrangements. In addition to your own research, he has specifically asked you to review the following press releases as part of your report:
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