Accounting Professionals’ Role In Depreciation Change Essay.

Impact on Financial StatementsQuestion:Discus about the Impact of AASB 116 on Change in Methods of Depreciation and Policies.The assignment focuses on the role of the accounting professionals based on the change in the method of depreciation that is done due to the challenges that business is facing in the current case. The company had a various type of challenges that they face due to the certain changes in the business environment of the compa…