IAS 16 Property, Plant & Equipment & IFRS 16 Lease Contract
Category : IFRS, Consolidation
Duration: 5 days
This training covers the principles of accounting for property, plant, and equipment under IAS 16, as well as lease accounting under IFRS 16. Participants will learn how to recognize, measure, and depreciate tangible assets and understand the key changes introduced by IFRS 16 for lease contracts. Through practical exercises, participants will gain the skills needed to apply both standards in their financial reporting.
Learning Objectives
Understand the key principles of IAS 16 and IFRS 16
Recognize and measure property, plant, and equipment (PPE)
Apply lease accounting rules under IFRS 16
Analyze the financial impact of PPE and lease contracts
Training Program
Introduction to IAS 16 and IFRS 16
Overview of the scope of IAS 16 and IFRS 16
Key concepts: recognition, measurement, and depreciation of PPE
The role of leases in financial reporting under IFRS 16
Quiz: Identify the main components of PPE and lease contracts
Recognition and Measurement of PPE
Criteria for recognizing property, plant, and equipment
Initial measurement and subsequent revaluation models
Depreciation methods and impairment testing
Practical case: Measure and depreciate PPE for a manufacturing company
Lease Accounting under IFRS 16
Recognizing and measuring lease liabilities and right-of-use assets
Short-term and low-value leases: exemption rules
Case study: Apply IFRS 16 to a lease contract for office space
Financial Impact of IAS 16 and IFRS 16
How PPE and leases affect financial ratios and key metrics
Impact of capitalizing leases on balance sheets
Practical case: Analyze the financial impact of adopting IFRS 16 on a company’s financial statements
Presentation and Disclosure
Required disclosures under IAS 16 and IFRS 16
Presenting PPE and leases in financial statements
Case study: Evaluate a company’s financial disclosures for PPE and leases
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Accountants and financial controllers
Auditors and compliance officers
Finance managers responsible for asset management and leases
Real estate and leasing professionals
Prerequisities
Basic knowledge of accounting for assets and leases
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Skill evaluation will be conducted throughout the training by the participant (self-evaluation) and/or the trainer according to the training methods.
Online training evaluation on your participant space:
Immediate evaluation at the end of the training to measure your satisfaction and perception of skill improvement against training objectives. With your agreement, your overall rating and comments will be published on our site via Verified Reviews.
Post-training evaluation 40 days later to validate the transfer of your acquired skills in the workplace
Attendance tracking and issuance of an individual training certificate or a certificate of completion
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris