Course description
Essentials: A Focus on IFRS 16 Leases (Virtual Classroom)
This online IFRS training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).
This focus session concentrates on key issues when applying IFRS 16 Leases.
IFRS 16 became mandatory for annual periods beginning on or after 1 January 2019. Lessee accounting was significantly affected by abolishing the distinction between finance and operating leases and the introduction of the right-of-use model.
This session reviews critically how IFRS 16 has been applied by reviewing recent practice and clarifies how preparers (both lessees and lessors) can improve the quality of lease accounting and disclosure.
Upcoming start dates
Suitability - Who should attend?
This training course is especially suitable for:
- Accountants in finance and reporting teams that prepare IFRS financial statements
- External and internal auditors
- Financial and credit analysts seeking to improve their understanding of IFRS lease accounting
- Accounting regulators and enforcement bodies
Outcome / Qualification etc.
After attending this course you will be able to:
- Identify whether a contract is, or contains, a lease
- Exercise judgements to determine the term of a lease and the lessee’s incremental borrowing rate
- Apply the right-of-use model of lessee accounting
- Assess the effect of the IFRS Interpretations Committee’s Agenda Decisions on lease accounting
- Improve the quality of disclosure
CPE credits are available for all courses.
Training Course Content
This course is designed to cover the following key topics:
- Overview
- Definition of a lease
- Determining the lease term
- Lessee accounting
- Practical expedients available
- Recognition exemptions – short-term leases and low value assets
- Right-of-use model
- Determining discount rates, including incremental borrowing rate
- Initial measurement of lease liabilities and right-of-use assets
- Reassessment of lease liabilities, including lease modifications
- Covid-19-Related Rent Concessions amendment
- Sale and leaseback transactions
- Accounting by lessees and lessors
- Amendment to IFRS 16Lease Liability in a Sale and Leaseback
- Lessor accounting
- Finance and operating leases
- Lease modifications
- Disclosure
- Improving the quality
Why choose IASeminars
We've been training for 20 years.
50% of our business comes from returning clients.
We offer instructor-led training in international locations, over Zoom or in house.
Reviews
Average rating 4
+ Course content: good overview on all specialities of IFRS 16 Leases + Course content: accentuate facts with examples from practice + Instructur (Saket Modi): well prepared a...
Very Professional
Expenses
The cost of this training course is £395 + VAT.
In-House Training
In addition to the scheduled dates and locations, IASeminars can also run this course as in-house training, to meet the specific requirements of your team. Contact them here to request a customised training solution for your team.
the instructor is very patient and well versed in the topic. Very kind and helpful as well and ensure we do understand before proceeding to the next topic.