IFRS 16 - Leases
- 3.5 hours on-demand video
- 2 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- IFRS 16 - Leases
- This course explains the differences between the old standard IAS 17 on leases and the new standard IFRS 16 leases. It is a complete guide on how to treat the transactions related to leases, Lease and Service Contract, The Right of Use Asset and Lease Liability under International Financial Reporting Standards.
WHO THIS COURSE IS FOR:
Accounting and Finance Professionals as well as students from ACCA, CIMA, CA, ICAEW,, CAT BBA, MBA and others studying Financial Accounting under IFRS
The course covers in details the principle for measurement and recognition of leases as prescribed by IFRS under IFRS 16. The course focuses on the concepts of Right of Use Assets, Lease liability - the lease and the service contract.
IFRS 16 is a relatively new standard which has replaced the old standard IAS 17 - Leases
One of the main reasons of introducing IFRS 16 was to avoid "Off Balance Sheet Financing" which IAS 17 was unable to block. After the introduction of IFRS 16 businesses are now obliged to bring back all the assets on to their statement of financial position which previously were shown as operating leases and thus did not appear as assets or liabilities on the SOFP
It is a complete guide kit for those who want to learn the treatment of Revenue under IFRS 16. The course includes complete lecture video on standard as well as several questions, solutions and case studies.
ABOUT THE INSTRUCTOR
I am a qualified accounting and finance professional with over twenty years of professional experience. I have been teaching accounting and finance courses for over fifteen years and have taught more than twenty thousand delegates including students, young accountants, chief accountant and finance managers.
- Accounting and Finance Professionals, Students studying ACCA, CIMA, CA, CAT, ICAEW and other Accounting qualifications