Leasing guidance in International Financial Reporting Standards (IFRS) applies to property, plant, and equipment and other assets, with limited exceptions. This course highlights the accounting and financial requirements of this relatively new accounting standard.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Explore how to identify a lease transaction under IFRS 16.
- Discover the impact of the latest lease accounting requirements on lessees and lessors.
- Recognize exceptions to on-balance-sheet lease accounting for lessees.
Last updated/reviewed: March 22, 2024
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Jennifer Louis
CPA, President of Emergent Solutions Group LLC
INTRODUCTION AND OVERVIEW
- Introduction to Accounting for Leases Under IFRS 16 00:59
- Applicability 7:27
- Initial Recognition Practical Expedients 5:16
- Identifying Components of a Contract 6:59
- Lessee Accounting 9:30
- Lessor Accounting 7:47
- Sale and Leaseback Transactions 2:47
- Lease Modifications and Presentation and Disclosure 3:26
- Other Matters and Conclusion 3:43
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: Accounting for Leases under IFRS 16 PDF
- Accounting for Leases under IFRS 16 Glossary/Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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