The International Financial Reporting Standard 16 (IFRS 16) on leases represents a significant change in the accounting treatment of leases for lessees. The new standard replaces the previous standard, IAS 17, and introduces a single, comprehensive approach to lease accounting that requires lessees to recognize all leases on the balance sheet. This course provides an in-depth understanding of the requirements of IFRS 16 and equip participants with the skills needed to apply the standard to real-world scenarios.

This course is designed for accounting and finance professionals, as well as auditors who are involved in financial reporting and leasing arrangements and will cover lessees accounting only.

Course Key Concepts: Leases, International Financial Reporting Standard, Lease accounting training, IFRS 16 overview, Leasing standard course, IFRS 16 for accountants, Accounting for leases, Lease liability accounting, Right-of-use asset accounting, financial reporting under IFRS 16.

Learning Objectives
  • Identify what constitutes a lease arrangement.
  • Explore the criteria to recognize leases on the balance sheet, and how to measure lease liabilities and right-of-use assets.
  • Discover and examining the factors that affect the determination of lease term and discount rate, and understanding how to apply the relevant criteria.
Last updated/reviewed: March 23, 2024
2 Reviews (7 ratings)

Reviews

5
Anonymous Author
Concise notes and straightforward presentation. Recommend to others

4
Anonymous Author
The course was informative and it was easy to follow.

Prerequisites
Course Complexity: Foundational

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to IFRS 16-Leases (Lessee Accounting)2:32
  Definitions and Basic Principe15:28
  Lease Term-Initial Measurement6:20
  Lease Term-Subsequent Measurement14:34
  Short Life and Low Value Assets7:38
  Sales and Leaseback6:44
CONTINUOUS PLAY
  IFRS 16 - Leases (Lessee Accounting)53:16
SUPPORTING MATERIAL
  Slides: IFRS 16 - LeasesPDF
  IFRS 16 - Leases Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam