IFRS 16 Leases sets a new standard for lease accounting, requiring companies to show lease liabilities and right-of-use assets directly on their balance sheets. This shift moves away from previous off-balance-sheet practices, bringing greater clarity and consistency to financial reporting. You will explore the core concepts of IFRS 16, including how to classify leases, understand exemptions, and apply models for both lessees and lessors. With practical insights, you will be well-prepared to navigate a variety of leasing situations with ease.
The IFRS 16 Leases course is ideal for finance professionals and offers essential insights and tools to manage the complexities of IFRS 16. Participants will learn how to identify lease contracts, allocate costs accurately, and comply with presentation and disclosure requirements, including sale-and-leaseback transactions (SLAT). Practical exercises, real case studies, and interactive discussions ensure that attendees leave with a well-rounded expertise in IFRS 16 application. By the course end, participants will be prepared to enhance their organization’s financial reporting accuracy and strengthen regulatory compliance, providing strategic value to their roles.
By the end of the course, participants will confidently master IFRS 16 Leases, which includes the following:
- Understand what is an IFRS 16 and recognize the impact of its new principles on financial reporting for leases
- Classify leases under IFRS 16 and recognize exemptions for short-term and low-value leases
- Improve the ability to identify whether a contract contains a lease or not
- Apply the lease accounting model to recognize lease liabilities and right-of-use asset on a balance sheet, and understand when to remeasure leases if terms change
- Using lessor accounting model to record and manage lease transactions under IFRS 16
- Understand presentation and disclosure requirements for lessees and lessors under IFRS 16
- Apply accounting principles for sale-and-leaseback transitions (SLAT) for both lessees and lessors
Mastering IFRS 16 Leases course is designed for professionals involved in financial reporting and lease management, including:
- Finance and Accounting Professionals
- Financial Controllers
- Chief Financial Officers (CFOs)
- Internal and External Auditors
- Tax and Financial Advisors
- Lease Administrators
- Property Managers
- Corporate Lawyers and Legal Advisors
- Business Owners and Entrepreneurs
- Consultants and Financial Analysts
Our courses in Kuala Lumpur take place at the following location :
Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.
Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.