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IFRS 16 – Leases

Master IFRS 16 from beginner to advanced. A complete guide to lease measurement and recognition under the standard that replaced IAS 17 — taught through lectures, worked questions and case studies. Understand right-of-use assets, lease liabilities and why off-balance sheet financing is no longer possible.

WHAT YOU'LL LEARN

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IFRS 16 fundamentals

Understand the standard that replaced IAS 17 and why.

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Right-of-use assets

Recognise and measure right-of-use assets and lease liabilities.

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Lease vs service contract

Distinguish a lease from a service contract with confidence.

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IFRS 16 vs IAS 17

Compare the two standards and the off-balance sheet issue IFRS 16 closed.

THIS COURSE INCLUDES

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Topic Videos

10 hours of lectures covering the full IFRS 16 standard

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Question & Solution Videos

16 hours of worked questions with detailed solutions

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Excel Working Files

Downloadable Excel files to practise alongside each lesson

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One Year Access

Study at your own pace with 12 months of full access

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Certificate of Completion

Earn a certificate when you finish the course

Course Overview
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.

Who can benefit from this course ?
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

Topics covered
1. Problems with the old standard IAS 17
2. What is new in IFRS 16
3. Impact of IFRS 16 on Financial Statements and their Interpretation
4. Understanding off-balance sheet financing with examples
5. Sale and leaseback with examples.
6. When and how sale and leaseback is recognized
7. Accounting for sale and leaseback
8. Classifications of Lease contracts
9. Short-life contracts
10. Concept of Right of Use Asset and the new definition
11. Lessee accounting treatment
12. Initial recognition of lease contracts
13. Initial measurement of lease liability
14. Measurement of Right of Use Asset
15. Subsequent measurement of lease liability
16. Remeasurement of lease liability
17. Lessor accounting treatment
18. Special cases 

Course Curriculum

Course Pricing

IFRS 16 - Leases

$15 USD

  • A guide on IFRS 16 Leases as well as a comparison of IFRS 16 with the old standard IAS 17

    • Detailed video lectures covering the entire topic IFRS 16
    • Questions and solution videos
    • Quizzes
    • Certificate of completion
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