Essentials - A Focus on IFRS 16 Leases
- Intermediate
- 18 and older
- $590.23
- Earn 5,902 reward points
- Live Online
- 4 hours
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American Management Association
Make yourself an asset in your organization with this seminar focused on fixed asset management. Gain the skills needed to ensure accurate fixed asset information, collaborate with line managers, and provide essential data for reporting needs. Join us at the American Management Association to master the essentials of fixed asset management.
Jun 10th
2–5:30pm EDT
Meets 4 Times
This class has 18 more dates.
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Introduction
This focus session concentrates on
key issues when applying IFRS 16 Leases.
IFRS 16 became mandatory for annual
periods beginning on or after 1 January 2019. Lessee accounting was
significantly affected by abolishing the distinction between finance and
operating leases and the introduction of the right-of-use model.
This session reviews critically how
IFRS 16 has been applied by reviewing recent practice and clarifies how
preparers (both lessees and lessors) can improve the quality of lease
accounting and disclosure.
o
Definition of a lease
o
Determining the lease term
o
Practical expedients available
o
Recognition exemptions – short-term leases and low
value assets
o
Right-of-use model
·
Determining discount rates, including incremental
borrowing rate
·
Initial measurement of lease liabilities and
right-of-use assets
·
Reassessment of lease liabilities, including lease
modifications
·
Covid-19-Related Rent Concessions amendment
o
Accounting by lessees and lessors
o
Amendment to IFRS 16 Lease Liability in a
Sale and Leaseback
o
Finance and operating leases
o
Lease modifications
o
Improving the quality
Teaching Method
This course is available for "remote" learning and will be available to anyone with access to an internet device with a microphone (this includes most models of computers, tablets). Classes will take place with a "Live" instructor at the date/times listed below.
Upon registration, the instructor will send along additional information about how to log-on and participate in the class.
Get quick answers from CourseHorse and past students.
Whatever your requirements are for training in international accounting, you can be assured that IASeminars are ready to deliver. Offering topics such as IFRS, US GAAP, IPSAS, Management Accounting and Banking Regulation, here at IASeminars we are passionate about helping you progress your professional...
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