Course summary
3 hours
195 GBP excl. VAT
Online courses

Course description

IFRS 16 – Leases

2019 hailed the end to operating leases and off-balance sheet financing in the accounts of lessees. Companies of all sizes, and in all industries, have been affected by the introduction of IFRS 16, forcing them to bring approx. $3tn of leasing obligations on their balance sheets. The change in accounting has impacted their P&L profile, debt covenants and credit scores.

IFRS 16 requires many assumptions and estimates to be made at the inception of a lease and then reviewed and revised at each reporting date. This presents challenges and an increased volume of work for the accountant, especially for entities that have lease extension/ termination options or variable lease payments.

For those who haven’t yet adopted IFRS 16, how will you identify all your leases and gather the data required to calculate the necessary adjustments on transition? Will the standard change your decision to buy rather than lease?

This course will provide a detailed analysis of the requirements, using exercises and examples to enhance understanding.

CPD Hours: 3

Suitability - Who should attend?

Anyone needing a comprehensive understanding of this standard particularly the finance department, to legal teams, sales departments, etc.

Training Course Content

  • Identifying a lease
  • Accounting for lease vs. non-lease components
  • Modifications to leases
  • Lessee accounting – Recognition and accounting principles
  • KPI considerations
  • Reassessing the lease liability
  • Elections and exemptions
  • Sale and leaseback transactions
  • Transition requirements and practical expedients
  • Practical issues and insights

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Quorum Training - Business and Finance Courses for Professionals

Quorum Training provides a range of specialist courses designed specifically for business and finance professionals, covering such topics as: Accounting and finance Taxation VAT Governance Risk and compliance Financial markets and corporate treasury Charities Management and leadership Courses are available...

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Quorum Training - A Wilmington Company

5th Floor, 10 Whitechapel High Street
E1 8QS London

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