The new lease standard, IFRS 16 Leases, impacts lessee accounting quite significantly as a lessee will no longer be able to distinguish between finance lease contracts (on balance sheet) and operating lease contracts (off balance sheet).
For lessor accounting, the standard carries forward substantially the requirements in IAS 17. Accordingly, a lessor continues to classify leases as operating leases or finance leases, and to account for those two types of leases differently.
In this course, you will cover the scope of the new lease standard and the principles of lease accounting for both lessee and lessor.
Key topics:
- IFRS 16 Leases: a new standard
- Recognition and measurement exemption for the lessee
- How to account for leases
- Lessee accounting
- Initial measurement – lessee accounting
- Subsequent measurement – lessee accounting
- Lease modification – lessee accounting
- Presentation and disclosures for the lessee
- Lessor accounting
- Finance base – lessor accounting
- Operating base – lessor accounting
- Lease modification – lessor accounting
- Sales and leaseback transactions
- Transitions
This course consists of one online course, one learning manual PDF and one online assessment.
