IFRS 16 - Leases
4.0 (6 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
21 students enrolled

IFRS 16 - Leases

A guide on IFRS 16 Leases as well as a comparison of IFRS 16 with the old standard IAS 17
4.0 (6 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
21 students enrolled
Last updated 6/2020
English
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Price: $19.99
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This course includes
  • 3.5 hours on-demand video
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • IFRS 16 - Leases
Requirements
  • 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.
Description

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

COURSE OVERVIEW

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.

Who this course is for:
  • Accounting and Finance Professionals, Students studying ACCA, CIMA, CA, CAT, ICAEW and other Accounting qualifications
Course content
Expand 6 lectures 03:19:02
+ Introduction
6 lectures 03:19:02
IFRS 16 - Complete Lecture Video
56:52
Re-measurement of Lease Liability under IFRS 16
18:10
Sale and Lease Back - With Question
56:12
IFRS 16 - General Discussion
14:14
Short Questions on Leases
39:46