IFRS 16 Leases radically changed the accounting for
lease contracts by requiring lessees to recognise an asset and a liability for
nearly all leases. This course aims to enable delegates to understand and apply
the accounting and presentation requirements of IFRS 16 Leases.
This course provides comprehensive guidance on
identification, recognition, measurement, presentation and disclosure
requirements of lease accounting. We address both the lessee and lessor
accounting models, and provide real-life examples and helpful illustrations to
ensure proper understanding of the new requirements
It also helps by providing an in-depth look at IFRS
16, the new lease standard, which requires organizations to recognise lease
assets and liabilities on the balance sheet and to disclose key information
about lease arrangements.
Learning Outcomes:
On completion of this course, you will have a
greater understanding of:
How
to identify contracts that are within the scope of IFRS 16 Leases
How
to prepare financial information in compliance with IFRS 16
How
to identify the information and systems required to properly apply the
standard
How
to identify the nature, economic substance, and advantages of lease
transactions
How
to apply the accounting for leases by lessees
How
to apply the accounting for leases by lessors
Distinguish
the accounting and reporting for special features of lease arrangements
Course Content:
Identification of leases
oDefinition
oSeparation of lease and non-lease components
The lessee model
oOverview
oPractical expedients
oInitial measurement
oSubsequent accounting
oLease modifications
oPresentation
Advantages
of leasing
Initial recognition, measurement and
presentation of lease liabilities and lease assets