IFRS 16 Lease Contracts
Category : Consolidation, IFRS
Duration: 5 days
IFRS 16 introduces a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases unless they meet specific exceptions. This training provides an in-depth look at how to apply IFRS 16 to lease contracts, with a focus on recognizing and measuring right-of-use assets and lease liabilities. Participants will also explore the financial impact of IFRS 16 on balance sheets and income statements.
Learning Objectives
Understand and apply IFRS 16 to lease contracts
Recognize and measure lease liabilities and right-of-use assets
Evaluate the financial impact of lease accounting on financial statements
Ensure compliance with IFRS 16 in financial reporting
Training Program
Introduction to IFRS 16
Overview of IFRS 16 and its objectives
Key concepts: right-of-use assets, lease liabilities, exemptions
Identifying and classifying leases under IFRS 16
Quiz: Test your understanding of lease identification
Recognition and Measurement of Lease Liabilities
Calculating lease liabilities and right-of-use assets
Discount rates and lease terms
Practical case: Measure lease liabilities for a corporate lease agreement
Short-Term and Low-Value Leases
Application of exemptions for short-term and low-value leases
Impact of exempt leases on financial reporting
Practical case: Apply IFRS 16 exemptions to a set of lease contracts
Financial Impact of IFRS 16
How lease accounting affects financial statements
Impact on key financial ratios and metrics
Practical case: Analyze the impact of IFRS 16 on a company’s balance sheet
Presentation and Disclosure of Leases
Required disclosures under IFRS 16
Presenting leases in financial statements
Case study: Review the lease disclosures in a company’s financial report
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 auditors
Finance managers responsible for lease management
Real estate and leasing professionals
Financial analysts involved in lease reporting
Prerequisities
Basic knowledge of lease accounting is recommended
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