PENINSULA COLLEGE

BA (HONS)
ACCOUNTING AND FINANCIAL MANAGEMENT STUDIES

MODULE ASSIGNMENT

GAN CHI XIANG

STUDENT NAME, :
NRIC&ID NO. 971111106951

S1909229

LECTURER NAME : Mr. Suppiah

:

MODULE CODE & : AC6021 ADVANCED FINANCIAL REPORTING

TITLE

COHORT : 31

17 NOVEMBER 2020
SUBMISSION DATE :

RECEIVED BY : Mr. Suppiah DATE: 17 NOVEMBER 2020

 NOTE

Assignment must be submitted before or by the due date indicated by the lecturer. Take note
that for each delayed day, FIVE (5) marks from your total assignment mark will be deducted.
Any submission made after three (3) days from the due date given will not be accepted and
given ZERO (0) mark automatically.

_________________________________________________________________________________

STUDENT DECLARATION

I, …………GAN CHI XIANG……………., NRIC: .…971111-10-6951……………………………,

hereby declare that all information stated and cited in this assignment is of my own effort. I
agree to any disciplinary actions taken by the exam department in the event there is any act of
plagiarism found in this assignment.

17 NOVEMBER 2020
.................................... …………………
SIGNATURE DATE
 Task 1
IFRS 16 leases
No
Does customer have the right
to obtain substantially all of
the economic benefit?

Recognition
rules

Yes
Yes

Does customer have the right

to direct the identified asset?

The contract contains The contract does not

a lease contain a lease