IFRS 16 - Leases (Paragraph wise explanation)

IFRS 16 - Leases (Paragraph wise explanation)

The course (leases) is specifically designed for the students (functional level, mid level and final level of professional exam), office employees (senior and junior level having professional knowledge), consultants, and practitioners who are working leases and have weak concepts in IFRS 16. This course contains explanations of concepts along with illustrative examples as explained in accounting standards. Following are the contents of the above mentioned standard:

1. Classification of the lease as operating or finance in case of lessee

2. The initial measurement of the lease in case of lessee;

3. Subsequent measurement of the lease in case of lessee;

4. Measurement in case of reassessment;

5. Treatment of modification of lease in case of lessee;

6. Presentation and disclosures of the lease in case of lessee;

7. Classification of the lease as operating or finance in case of the lessor;

8. The initial measurement of the lease in case of the lessor;

9. Subsequent measurement of the lease in case of the lessor;

10. Treatment of modification of lease in case of the lessor;

11. Presentation and disclosures of the lease in case of lessor;

12. Explanation of sale and leaseback;

13. Explanation and example of sale and leaseback case Selling Price is equal Fair Value;

14. Explanation and example of sale and leaseback case Selling Price is greater than Fair Value; and

15. Explanation and example of sale and leaseback case Selling Price is less than Fair Value.

Accounting for Lease in case of lessee, lessor and sale and lease back transactions

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What you will learn

• Candidate will be able to identify operating and finance lease
• Candidate will be able to calculate initial and subsequent measurement right-of-use asset and lease liabilities
• Candidate will be able to reassess and modify the lease

Rating: 0

Level: Intermediate Level

Duration: 3.5 hours

Instructor: Muhammad Usama Altaf