IFRS 16 Leases Training: Mastering Lease Accounting

Course Description

This comprehensive 5-day course provides a deep dive into IFRS 16 Leases, covering all aspects from lease identification to financial statement presentation and disclosure. Participants will gain practical knowledge through real-world examples, case studies, and hands-on exercises to effectively implement and apply IFRS 16 in their organizations.

Learning Objectives

• Understand the key principles and requirements of IFRS 16 Leases
• Identify and classify leases according to IFRS 16 criteria
• Apply correct measurement and recognition techniques for lease accounting
• Prepare financial statements and disclosures in compliance with IFRS 16
• Analyze the impact of IFRS 16 on financial ratios and business decisions

Course Modules

Day 1: Introduction to IFRS 16 and Lease Identification

• Overview of IFRS 16 and its objectives
• Lease definition and scope
• Identifying lease and non-lease components
• Lease term determination

Day 2: Lessee Accounting

• Initial recognition and measurement
• Subsequent measurement of right-of-use assets
• Lease liability calculations and adjustments
• Presentation in financial statements

Day 3: Lessor Accounting and Special Topics

• Lessor accounting models: operating and finance leases
• Sale and leaseback transactions
• Subleases and lease modifications
• Low-value assets and short-term leases

Day 4: Transition and Implementation

• Transition approaches and practical expedients
• Implementing IFRS 16 in an organization
• System and process considerations
• Impact on financial ratios and covenants

Day 5: Disclosure Requirements and Case Studies

• Comprehensive disclosure requirements
• Preparing the notes to financial statements
• Real-world case studies and examples
• Best practices and common pitfalls

Practical Wins for Participants

• Ability to confidently identify and account for leases under IFRS 16
• Skills to prepare compliant financial statements and disclosures
• Strategies to manage the organizational impact of IFRS 16 implementation
• Techniques to analyze and communicate the effects of IFRS 16 on financial performance