IFRS 16 - Leases

A Complete Course on IFRS 16 Leases

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 lease back with examples.
6. When and how sale and lease back 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 

Lecture Videos

Comprehensive yet easy-to-understand lecture videos provide complete coverage of the exam syllabus.  

Practice Question Videos

Explanatory videos for practice questions help you understand the application of knowledge and concepts.

Short Notes

Our short notes are up to date and well prepared by our experts. These notes are good source for revision before exams.

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
Buy Now

© 2024 VERTEX LEARNING SOLUTIONS