IFRS 16 Leases - Beginner to Advance
What you'll learn
- Understanding of leases
- Lease term
- Lease liability and Right of use of asset
- Discount rate
- Fixed and in-substance fixed lease payments
- Variable lease payments
- Guaranteed and Unguaranteed residual value
- Lessee accounting and disclosure
- Lease exemptions
- Lease classification
- Lessor accounting and disclosure
- Manufacturer and Dealer lessor
- Lease components
- Lease modification
- COVID - Rent concessions
- Sale and lease back
- Specific GAAP differences with ASC 842 and Ind AS 116
- Knowledge of basic accounting and financial reporting
- Understanding of IAS 17 is a plus but not a prerequisite
Hello and welcome to the course!
This course, on the new leasing standard, is designed for both beginners and professionals.
All the concepts and terms used in this standard are covered and explained right from scratch, so irrespective if you are familiar with lease accounting or not, this course will help you to gain full understanding from the very basics.
Concepts like lease definition, present value of lease payments, implicit rate of interest in the lease, etc. are explained very clearly.
Advance topics like understanding of multiple lease components, lease modification, Sublease, Sale and leaseback, Rent concession for COVID-19, etc. all are explained in a very simple and lucid manner.
Accounting entries for lessor and lessee along with disclosure in Statement of financial position, Statement of profit and loss, Statement of cash flow, and specific GAAP differences with ASC 842 and Ind AS 116, also form part of the learning objectives.
I have made this course so comprehensive that I can promise you that by the end of this course, you will have a clear understanding of all the terms and concepts used in this leasing standard.
Who this course is for:
- Anyone who is willing to learn lease accounting and have basic accounting background
Hello! I am Abhishek Agrawal and I am happy that you are curious to know about me and reading this!
Professionally, I am a Chartered Accountant and a Graduate in Commerce. I have over 13 years of experience in providing accounting and assurance services in various specialized industries like telecom, aviation, power, oil refining, shipping, IT, ITes, etc. I have spent the last 10 years working with one of the Big4 and now have decided to share what I have learned with learners like you.
In all my courses, you will find practical examples that you can relate to your workplace, and it will help you to grasp and learn the concepts quickly.
Over the years I have learned, that keeping things simple will help you to solve the most complex problems and you will experience this in all of my courses.
I am looking forward to seeing you in the course until then happy learning.