Programme Overview
IFRS 16 replaced IAS 17 and put almost every lease on the balance sheet. This programme covers identifying a lease, accounting for it as a lessee and a lessor, and the practical disclosures that go with it. Replaces IAS 17. Effective 1 Jan 2019.
Why This Programme
- ✓Correctly identify whether a contract contains a lease
- ✓Account for the right-of-use asset and lease liability
- ✓Understand lessor accounting: finance versus operating
- ✓Apply the standard to real, practical scenarios
- ✓Avoid the common lease-identification mistakes
- ✓Meet the disclosure requirements confidently
Assessment
- ✓Lease Identification Exercise
- ✓Lessee Accounting Case Study
- ✓Lessor Classification Task
- ✓Final Review
Main Modules
- Identifying a Lease
What actually counts as a lease under IFRS 16 - Lessee Accounting
Building the right-of-use asset and lease liability - Lessor Accounting
Finance leases versus operating leases from the other side - Practical Application & Disclosures
Real scenarios, and what needs to be disclosed
Ready to Enrol?
Access the Virtual Learning Centre to register, or reach out and our team will get you started.