IFRS 16 Masterclass

The IFRS 16 Master Class provides training on the changes for accounting of leases as per the previous IAS 17 standard and scope and principles of the standard, and the application of this standard.

Identification of whether an arrangement contains a lease, has been incorporated into the standard as a result delegates will learn how to identify whether an arrangement is within the scope of the standard and the key principles of lease accounting.

The course will further go deeper into the key principles of lease accounting and learn about areas of potential judgment in applying IFRS 16 Leases. The new standard will have an impact on all organisations, greater impact will be those with major assets under operating leases (thus the off-balance financing).

In essence the IFRS 16 deals with the issue of off-balance financing. This course is designed to bring delegates up to date with this standard for lease accounting and will expand on the changes between the new IFRS standard and the old IAS 17.