IFRS 16 - LEASES

The new standard in leasing assets is the most impactful change to accounting seen in decades. The distinction between 'what is a finance lease' and 'what is an operating lease' is no longer a concern as the treatment has become standardized. This course will focus on the recently updated IFRS 16 Leases in order to assist business professionals in the interpreting of the new standard and its application. This course will focus on 'real life' case study examples so that you can really relate the core principles to your own work.

Business, finance and accounting professionals, senior and junior accountants, business analysts, research professionals, marketing and sales, administrative staff, supervisors, general business professionals

• Recognize the common features and structure of the financial statements
• Define leases and identifying the essential elements of a lease
• Apply lessee accounting to right of use assets
• Calculate the initial and subsequent measures of both lease liabilities and right of use assets and describe factors that affect each measure
• Distinguish and classify leases as either operating or finance leases through the ownership structure
• Determine and apply the correct accounting treatments on biological assets and mineral resources as pertaining to IAS 41 and IFRS 6

This course demonstrates core principles in business statistics and utilizes Excel in performing modern and creative techniques of financial modeling. Real-life case studies, individual workshops, and team presentations by participants.