IFRS 16 – LEASES

Available Dates & Locations

This course is offered exclusively as In-House or Virtual, with no public sessions currently available – please contact us for inquiries.

COURSE OVERVIEW

This comprehensive 5-day course provides an in-depth understanding of IFRS 16 – Leases, focusing on its principles, application, and impact on financial reporting. Participants will learn how to identify leases, measure right-of-use assets and lease liabilities, and apply accounting treatments for both lessees and lessors. The course covers advanced topics such as lease modifications, discount rates, and transition approaches, supported by practical examples and case studies. By the end of the program, attendees will be equipped to implement IFRS 16 effectively and ensure compliance with international standards.

COURSE OBJECTIVES

Explain the scope and principles of IFRS 16
Identify and classify lease arrangements accurately
Apply lessee and lessor accounting requirements
Calculate right-of-use assets and lease liabilities
Analyze lease modifications and variable payments
Implement transition approaches effectively
Prepare compliant financial statements and disclosures
Evaluate real-world scenarios and resolve practical challenges

TARGET COMPETENCIES

Lease Identification
Measurement Techniques
Lessee Accounting
Lessor Accounting
Financial Statement Presentation
Disclosure Requirements
Transition Approaches
Practical Application
Compliance Analysis

Finance professionals, accountants, auditors, and reporting specialists responsible for implementing IFRS standards, particularly those involved in lease accounting and financial statement preparation.

The course combines interactive lectures, practical exercises, real-world case studies, and group discussions to ensure participants gain both theoretical knowledge and hands-on experience in applying IFRS 16.

Day 1 – Foundations

Introduction to IFRS 16 & why it replaced IAS 17
Key differences and financial impact
Scope and exemptions
Case study: Identifying leases

Day 2 – Initial Measurement

Lessee accounting model
Measuring lease liability & ROU asset
Discount rate determination
Practical Excel workshop: Initial measurement & journal entries

Day 3 – Subsequent Measurement

Depreciation & interest expense
Lease modifications
Special areas: short-term leases, low-value assets
Practical exercise: Full-year accounting & remeasurement

Day 4 – Lessor Accounting & Disclosures

Finance vs operating leases
Recognition and measurement
Presentation & disclosure requirements
Hands-on: Build disclosure notes from real FS examples

Day 5 – Advanced Topics & Final Case

Complex areas (foreign currency, residual guarantees)
Industry-specific applications (retail, real estate, airlines)
Comprehensive case study + final assessment