WHO THIS COURSE IS FOR
Accounting and Finance Professionals, as well as students from ACCA, CIMA, CA, ICAEW, CAT BBA, MBA and others studying Financial Accounting and Financial Reporting under IFRS
The course goes into great detail about the IFRS-mandated IFRS 16 principles for measurement and recognition of leases. The course focuses on the concepts of right-of-use assets, lease liability, the lease, and the service contract.
IFRS 16 is a relatively new standard that has replaced the old standard IAS 17: Leases. One of the main reasons for introducing IFRS 16 was to avoid "off-balance sheet financing," which IAS 17 was unable to block. After the introduction of IFRS 16, businesses are now obliged to bring back all the assets to their statement of financial position, which previously were shown as operating leases and thus did not appear as assets or liabilities on the SOFP.
It is a complete guide kit for those who want to learn about the treatment of revenue under IFRS 16. The course includes a complete lecture video on standards as well as several questions, solutions, and case studies.