Author(s)
Publisher:
AICPA
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NASBA Field of Study
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Format
On demand
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Level
-
CPE Credit
0
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Course acronym
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Prerequisites
-
Course duration
3 Hours
Credit Info
IFRS 16 – Leases
Still mastering the latest IASB requirements on lease accounting? This course can help by providing an in-depth look at IFRS 16, the new lease standard, which requires organisations to recognise lease assets and liabilities on the balance sheet and to disclose key information about lease arrangements.
This course provides comprehensive guidance on identification, recognition, measurement, and presentation and disclosure requirements of lease accounting. We address both the lessee and lessor accounting models, and provide real-life examples and helpful illustrations to ensure proper understanding of the new requirements. This course also discusses the differences between IFRS 16 and U.S. GAAP Guidance in FASB ASC 842.
This course provides comprehensive guidance on identification, recognition, measurement, and presentation and disclosure requirements of lease accounting. We address both the lessee and lessor accounting models, and provide real-life examples and helpful illustrations to ensure proper understanding of the new requirements. This course also discusses the differences between IFRS 16 and U.S. GAAP Guidance in FASB ASC 842.
Topics discussed
Advantages of leasing
Initial recognition, measurement and presentation of lease liabilities and lease assets
Subsequent lease accounting
Lease classification
Sales-type and direct financing leases
Disclosure requirements and the differences between IFRS 16 and U.S. GAAP Guidance in FASB ASC 842
Learning objectives
Identify the nature, economic substance, and advantages of lease transactions
Apply the accounting for leases by lessees
Apply the accounting for leases by lessors
Distinguish the accounting and reporting for special features of lease arrangements
Who will it benefit?
Accountants and auditors in public and industry practice.
