Running Head: AN EFFECTIVE AND SUCCESSFUL LEADER 1 AN EFFECTIVE AND SUCCESSFUL LEADER 2 An Effective and Successful Leader Name Institution An Effective and Successful Leader One of the most successful and effective leaders across the world is the Catholic Church pope. Pope Francis is an effective leader who has moved across the world preaching peace and tolerance among the worrying nations and communities. The Argentinean clergyman has been instrumental in preaching peace across the world and urging people to leave in peace and harmony and in tolerance with one another. His attributes make many people across to admire him and his service to the church and the world at large. Personally, I feel attracted to the pope and consider him my personal and invisible mentor for several reasons. The pope’s charismatic leadership style of leadership distinguishes him from many other leaders across the world. He is able to connect with many people and understand what message they need and therefore able to express himself further. He sends his message across from a Christian perspective and is able to respond to the spiritual needs of the people (Andreini, Rinallo, Pedeliento & Bergamaschi, 2017). Moreover, the pope leaves a self-less life with simplicities that anyone else can emulate. Pope Francis loves all and preaches the message of love across the world and wherever he goes. He condemns the acts of violence and hatred against others and prays for an equal opportunity for all. Moreover, he expresses that the church as an institution ought to help its people in healing wounds and preaching peace. This attribute makes one rethink his move and begin loving the people of God because we all have one origin. The pope remains focused on his message that he sends across the world. He insists that the world leaders should show mercy to the poor and the less fortunate members of the society and not to exploit them (Bender & Arrocha, 2017). Most of the leaders of today have total disregard for the disadvantaged members of the society. Reference Andreini, D., Rinallo, D., Pedeliento, G., & Bergamaschi, M. (2017). Brands and Religion in the Secularized Marketplace and Workplace: Insights from the Case of an Italian Hospital Renamed After a Roman Catholic Pope. Journal of Business Ethics, 141(3), 529-550. Bender, S. W., & Arrocha, W. F. (2017). Introduction. In Compassionate Migration and Regional Policy in the Americas(pp. 1-15). Palgrave Macmillan UK. HA 3011 Advanced Financial Accounting Assessment item 2 — Assignment Due date: 11.00pm Friday Week 10 Weighting: 20% Assessment Task Part A (10 Marks) In the excel file “Find Your Company” you will find the listed company you have been given for this course. This file will be made available on Friday of Week 4. Complete this assignment for the company you have be ...

1. Running Head: AN EFFECTIVE AND SUCCESSFUL LEADER
1
AN EFFECTIVE AND SUCCESSFUL LEADER
2
An Effective and Successful Leader
Name
Institution
An Effective and Successful Leader
One of the most successful and effective leaders across the
world is the Catholic Church pope. Pope Francis is an effective
leader who has moved across the world preaching peace and
tolerance among the worrying nations and communities. The
Argentinean clergyman has been instrumental in preaching
peace across the world and urging people to leave in peace and
harmony and in tolerance with one another. His attributes make
many people across to admire him and his service to the church
and the world at large. Personally, I feel attracted to the pope
and consider him my personal and invisible mentor for several
reasons.
The pope’s charismatic leadership style of leadership
distinguishes him from many other leaders across the world. He
is able to connect with many people and understand what
message they need and therefore able to express himself further.
He sends his message across from a Christian perspective and is
able to respond to the spiritual needs of the people (Andreini,
Rinallo, Pedeliento & Bergamaschi, 2017). Moreover, the pope
leaves a self-less life with simplicities that anyone else can
emulate.
Pope Francis loves all and preaches the message of love across

2. the world and wherever he goes. He condemns the acts of
violence and hatred against others and prays for an equal
opportunity for all. Moreover, he expresses that the church as
an institution ought to help its people in healing wounds and
preaching peace. This attribute makes one rethink his move and
begin loving the people of God because we all have one origin.
The pope remains focused on his message that he sends across
the world. He insists that the world leaders should show mercy
to the poor and the less fortunate members of the society and
not to exploit them (Bender & Arrocha, 2017). Most of the
leaders of today have total disregard for the disadvantaged
members of the society.
Reference
Andreini, D., Rinallo, D., Pedeliento, G., & Bergamaschi, M.
(2017). Brands and Religion in the Secularized Marketplace and
Workplace: Insights from the Case of an Italian Hospital
Renamed After a Roman Catholic Pope. Journal of Business
Ethics, 141(3), 529-550.
Bender, S. W., & Arrocha, W. F. (2017). Introduction.
In Compassionate Migration and Regional Policy in the
Americas(pp. 1-15). Palgrave Macmillan UK.
HA 3011 Advanced Financial Accounting
Assessment item 2 — Assignment
Due date: 11.00pm Friday Week 10
Weighting: 20%

3. Assessment Task Part A (10 Marks)
In the excel file “Find Your Company” you will find the listed
company you have been given
for this course. This file will be made available on Friday of
Week 4. Complete this assignment
for the company you have been given. Please be careful to use
the listed company you have
been given. Your assignment will not be marked if you use a
different company to the one you
have been given; and you will be asked to resubmit your
assignment using the right company.
Go to the website of your company, by clicking on the URL
next to your company in the list
of companies in the file “Your Company”. Then go to the
Investor Relations section of the
website. This section may be called, “Investors”, “Shareholder
Information” or similar name.
In this section, go to your firm’s annual reports and save to
your computer your firm’s latest
annual report. For example, these may be dated 30 June 2015 or
31 March 2016. Do not use
your firm’s interim financial statements or their concise
financial statements. You are need to

4. do the following tasks:
Please read the relevant footnotes of your firm’s financial
statements carefully and include
information from these footnotes in your answer.
Within your firm’s latest annual report
(i) From your firm’s annual report find out the asset/s that your
firm has tested for
impairment.
(ii) How did your firm conduct the impairment testing?
(iii)Has your firm recorded any impairment expenditures during
the period?
(iv) Identify the key estimates and assumptions used by your
firm in conducting the
impairment testing.
(v) Do you find any sort of subjectivity involved in the
impairment testing process? How
can this subjectivity influence the outcome of the impairment
testing?
(vi) What do you find interesting, confusing, surprising or
difficult to understand about the
impairment testing?
(vii) What new insights, if any, have you gained about how
companies conduct
impairment testing?
(viii) Based on your assignment, comment on the “fair value

5. measurement”.
For your understanding of the impairment testing process, you
may download and read the
following articles using ProQuest:
1.
Md Khokan Bepari, Sheikh F. Rahman, Abu Taher Mollik,
(2014) "Firms'
compliance with the disclosure requirements of IFRS for
goodwill impairment
testing: Effect of the global financial crisis and other firm
characteristic s", Journal
http://www.emeraldinsight.com/author/Khokan+Bepari%2C+Md
http://www.emeraldinsight.com/author/Khokan+Bepari%2C+Md
http://www.emeraldinsight.com/author/Rahman%2C+Sheikh
http://www.emeraldinsight.com/author/Taher+Mollik%2C+Abu
of Accounting & Organizational Change, Vol. 10 Issue: 1,
pp.116-
149, https://doi.org/10.1108/JAOC-02-2011-0008
2. Carlin, T.M. and Finch, N. (2010), “Resisting compliance
with IFRS goodwill
accounting and reporting disclosures evidence from Australia”,
Journal of Accounting
& Organizational Change, Vol. 6 No. 2, pp. 260-280. [Google
Scholar] [Link]

6. [Infotrieve]
3. Carlin, T.M. and Finch, N. (2011), “Goodwill impairment
testing under IFRS: a false
impossible shore?”, Pacific Accounting Review, Vol. 23 No. 3,
pp. 368-392. [Google
Scholar] [Link] [Infotrieve]
4. Carlin, T.M., Finch, N. and Laili, N.H. (2009), “Goodwill
accounting in Malaysia and
the transition to IFRS – a compliance assessment of large first
year adopters”, Journal
of Financial Reporting & Accounting, Vol. 7 No. 1, pp. 75-104.
[Google Scholar]
[Link] [Infotrieve]
Assessment Task Part B (10 Marks)
In an address entitled 'introductory comment to the European
parliament' (made in Brussels,
Belgium) on 11 January 2016, the Chairperson of the IASB,
Hans Hoogervorst, made the
following comments in relation to the new accounting for leases
(as reported 11 January 2016
on the IASB website at www.ifrs.org):

7. I would like to make some comments about our upcoming
Leases Standard, which we will
publish the day after tomorrow. Currently, listed companies
around the world have around 3
trillion euros’ worth of leases, especially in sectors such as the
airline industry, retail and
shipping. Under current accounting requirements, over 85 per
cent of these leases are labelled
as operating leases and are not recorded on the balance sheet.
Clearly, the accounting today
does not reflect economic reality. Despite operating leases
being off balance sheet, there can
be no doubt that they create real liabilities. During the financial
crisis, some major retail chains
went bankrupt because they were unable to adjust quickly to the
new economic reality. They
had significant long-term operating lease commitments on their
stores, and yet had deceptively
lean balance sheets. In fact, their off balance sheet lease
liabilities were up to 66 times greater
than the debt reported on their balance sheet. Moreover, the
current accounting for leases leads
to a lack of comparability. An airline that leases most of its
aircraft fleet looks very different

8. from its competitor that bought most of its fleet, even when in
reality their financing obligations
may be very similar. There is no level playing field between
these companies. These problems
will be resolved in the upcoming Leases Standard. All leases
will be recognised as assets and
liabilities by lessees. The accounting will better reflect the
underlying economics. This change
is expected to affect roughly half of all listed companies and
will not be popular with everyone.
Accounting changes are often controversial and can be met with
warnings of adverse economic
effects and costs of system changes. The IASB has looked at all
these possible risks very
carefully and we will publish a detailed effect analysis on the
Standard. Our conclusion is that
the risks and costs of the new Leases Standard are manageable.
First of all, IFRS 16 will not
put the leasing industry out of business. Leases will remain
attractive as a flexible source of
finance. It will remain appealing to companies to lease assets so
that they do not bear the risks
of owning them. While the cosmetic accounting benefits of
leasing will disappear, the real

9. business benefits of leasing will not change as a result of the
new Standard. We do not deny
there will be costs involved in updating systems to implement
the new Leases Standard, but
https://doi.org/10.1108/JAOC-02-2011-0008
we have done our best to keep these costs to a minimum. For
example, we are not requiring
companies to recognise assets and liabilities for short term and
small ticket leases. This should
be especially beneficial for smaller companies. In sum, we
expect the benefits of the new
Leases Standard to greatly outweigh its costs. The new
visibility of all leases will lead to better
informed investment decisions by investors, and to more
balanced lease-versus-buy decisions
by management. IFRS 16 will lead to improved capital
allocation, which should be beneficial
for economic growth.
Requirements
(i) Explain why the chairperson of the IASB believes that the
former accounting standard for
leases did ‘not reflect economic reality’?

10. (ii)Explain the reason why, under the former accounting
standard, reporting entities’ ‘off
balance sheet lease liabilities were up to 66 times greater than
the debt reported on their
balance sheet’.
(iii) Why does the Chairperson of the IASB argue that under the
former accounting standard
for leases there was ‘no level playing field’ between some
airlines companies?
(iv) Why do you think the Chairperson of the IASB said that the
new accounting standard for
leases ‘will not be popular with everyone’? What would cause
this unpopularity?
(v) What are some of the possible reasons why the chairperson
of the IASB would say “the
new visibility of all leases will lead to better informed
investment decisions by investors, and
to more balanced lease versus buy decisions by management?