This workshop aims to provide insight and guidance into the new leases standard, IFRS 16 “Leases”. This workshop will cover the key principles of the new lease accounting model for lessees, which is one of the key changes introduced by the new standard. It will also highlight some of the other areas of change under the new standard and will provide a refresher on the principles of lease accounting for lessors, which remains substantially unchanged from IAS 17.
Key topics covered:
- Discussion on the definition of a lease
- Lessee accounting and the single lease accounting model
- Recognition and measurement exemptions
- Initial measurement
- Subsequent measurement
- Lease modifications
- Presentation and disclosure
- Lessor accounting and the dual lease accounting model
- Classification as a finance or operating lease
- Finance lease accounting
- Operating lease accounting
- Lease modifications
- Sale and leaseback transactions
- Overview of the transition options
Trainer profile:
Kamsuo Wong, MA LLM MBA FCPA(Aust.)
With three Master’s degrees under his belt, Kamsuo Wong, a candidate for a Doctorate degree of Education, is highly regarded as a multi-faceted academic backed by over fifteen years of extensive professional experience in accounting. He is a professional accountant in Hong Kong, United Kingdom and Australia and the member of Hong Kong Institute of Certified Public Accountants (CPA), Chartered Institute of Public Finance and Accountancy (CPFA), and CPA Australia (FCPA). He is also the Expert Council Advisor of International Financial Management Association. He is currently the Assistant Professor of Centennial College (an independent College established by University of Hong Kong), Adjunct Lecturer at a number of universities and tertiary education institutions.
BUY 3 AND SAVE 10%:
Enjoy 10% savings when you register for any three or more workshops in the Finance for the Future Program 2018.
* The fee paid is non-refundable. Transfers must be advised in writing and received by CPA Australia at least five working days prior to the event date. Transfers can only be made once and are subject to workshops within Finance for the Future Program 2018.
