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Leasing guidance in International Financial Reporting Standards (IFRS) applies to property, plant, and equipment and other assets, with limited exceptions.  IFRS 16 is effective for annual periods beginning on or after January 1, 2019, with early adoption as of January 1, 2018 permitted.  This course highlights the accounting and financial requirements of this new accounting standard.  

Learning Objectives

  • Explore how to identify a lease transaction under International Financial Reporting Standard (IFRS) 16.
  • Discover the impact of the new lease accounting requirements on lessees and lessors.
  • Recognize exceptions to on-balance-sheet lease accounting for lessees.
Last updated/reviewed: June 01, 2018

5 Reviews (15 ratings)Reviews

4
Anonymous Author
Good course on the basics of lease accounting for IFRS
5
Member's Profile
Great insight on how Lease Accounting will change under IFRS 16. And all the decisions that must be made in properly booking right of use asset and liabilities starting next year
5
Member's Profile
Excellent overview of the new rules on leases. Would have liked to seen some examples of the different situations that were discussed in the course.
3
Member's Profile
Leases standard is a complex one and explained by author in a detailed way. Please add examples, illustrations to make users comprehend the topic.
3
Member's Profile
I would have liked to have more examples of different kinds of leases.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  00:59Introduction to Accounting for Leases Under IFRS 16
  7:27Applicability
  6:08Effective Date and Transition
  5:15Initial Recognition Practical Expedients
  6:59Identifying Components of A Contract
  9:29Lessee Accounting
  7:46Lessor Accounting
  2:47Sale and Leaseback Transactions
  3:26Lease Modifications and Presentation and Disclosure
  3:42Other Matters and Conclusion
CONTINUOUS PLAY
  53:58Accounting for Leases under IFRS 16
SUPPORTING MATERIALS
  PDFSlides: Accounting for Leases under IFRS 16
  PDFAccounting for Leases under IFRS 16 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM