Leases (IFRS 16)
Presenters : Caryn Maitland CA(SA)
Overview
Master the principles of lease accounting under IFRS 16 with this informative webinar. This session will cover key concepts such as identifying a lease, lessee and lessor accounting, and practical expedients available under the standard. Gain insights into the impact of IFRS 16 on financial statements and strategies for compliance.
Join Caryn Maitland CA(SA) to enhance your knowledge and application of IFRS 16.
Learning objectives
Attending this webinar will equip you with the following skills:
- Identify leases and distinguish between lease components and non-lease components.
- Understand lessee accounting, including the recognition of right-of-use assets and lease liabilities.
- Apply lessor accounting principles and determine the appropriate classification of leases.
- Implement practical expedients for simplified compliance.
- Analyse the impact of IFRS 16 on financial statements and key metrics.
Content
The webinar will cover the following topics:
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Overview of IFRS 16
- Scope and objectives of the standard.
- Key definitions and the concept of control in lease agreements.
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Identify a Lease
- How to determine whether a contract contains a lease.
- Separating lease components from non-lease components.
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Lessee Accounting
- Initial recognition and measurement of right-of-use assets and lease liabilities.
- Subsequent measurement and accounting for modifications.
- Short-term leases and low-value asset exemptions.
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Lessor Accounting
- Classification of leases: operating vs. finance leases.
- Recognition and measurement principles for lessors.
- Disclosure Requirements
- Essential disclosures for lessees and lessors under IFRS 16.
- Ensuring transparency and comparability in financial reporting.
- Practical Applications and Case Studies
- Challenges in implementing IFRS 16 and practical solutions.
- Real-world examples of lease accounting in various industries.
