Lease Accounting - IFRS 16
IFRS 16 Overview
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15 mins
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Online tutorial
This topic provides an overview of IFRS 16 and touches on each detailed element that the rest of the programme will cover.
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Lease Accounting - IFRS 16
Scope, exemptions and reliefs
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15 mins
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Online tutorial
In this topic, we will look at the basics of scope, exemptions and reliefs. You will assess when to apply the accounting requirements of IFRS 16, the recognition exemptions to leases of low-value items, the recognition exemptions to short-term leases, the practical expedient to grandfather the definition of a lease on transition to IFRS 16, and identify when the practical expedients are applicable to leases with a short remaining term at transition and for multiple leases as a single portfolio.
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Lease Accounting - IFRS 16
Lease definitions – basic
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15 mins
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Online tutorial
In this topic, we will look at the basics of what defines a lease. You will be able to determine whether an arrangement contains an identified asset, assess whether a capacity portion can be an identified asset, explain how substitution rights can impact an arrangement being defined as a lease, determine whether the customer has the right to substantially all of the economic benefits from the use of the identified asset and identify lease and non-lease components in an arrangement.
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Lease Accounting - IFRS 16
Lease definition – advanced application
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15 mins
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Online tutorial
In this topic we will look at advanced concepts in relation to defining a lease. By the end of this module you will be able to assess whether a supplier’s substitution right is substantive, identify who has the right to direct the use of an identified asset, demonstrate the ability to separate lease and non-lease components and determine the consideration to be allocated to a component using standalone price.
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Lease Accounting - IFRS 16
Initial measurement of the lease liability
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15 mins
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Online tutorial
In this topic we look at the initial measurement of the lease liability. By the end of this module you will be able to assess key judgements in determining the term of a lease, identify the payments that need to be included in the initial measurement of a lease liability and determine a discount rate that can be applied to lease payments.
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Lease Accounting - IFRS 16
Subsequent measurement of the lease liability
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15 mins
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Online tutorial
In this topic we look at the subsequent measurement of the lease liability. By the end of this module you will be able to determine how the lease liability should be measured after initial recognition, identify the key inputs for amortised cost measurement, identify when to re-measure the lease liability and determine when to use a revised discount rate and when to use an unchanged discount rate when re-measuring the lease liability.
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Lease Accounting - IFRS 16
Subsequent measurement of Right-of-Use asset
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15 mins
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Online tutorial
In this topic we look at the subsequent measurement of the Right-of-Use (RoU) asset. By the end of this module you will be able to determine how an RoU asset should be measured after initial recognition and measurement, identify how an RoU asset should be depreciated, identify indicators of impairment for RoU assets and determine when to adjust the carrying amount of an RoU asset.
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Lease Accounting - IFRS 16
Lease modifications for lessees
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15 mins
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Online tutorial
In this topic we be look at the lease modifications for lessees. By the end of this module you will be able to determine what is a lease modification, identify whether a modification is a separate lease or whether it is an adjustment to an existing lease and apply lease modification accounting.
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Lease Accounting - IFRS 16
Sub-leases & sale-and-leaseback
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15 mins
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Online tutorial
In this topic we look at sub-leases & sale-and-leaseback. By the end of this topic you will be able to identify a sub-lease and know how to account for it under IFRS 16, assess the accounting implications of a sale and leaseback transaction and determine how to account for a sale and leaseback arrangement.
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Lease Accounting - IFRS 16
Presentation and disclosure
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15 mins
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Online tutorial
In this topic we look at Presentation and Disclosure. By the end of this topic you will be able to identify and capture the additional information a lessee may require to prepare IFRS 16 disclosures, over and above those generated though the accounting, present leases in the financial statements and identify the effects that leases have on financial performance and cash flows.
Price for this topic only: £100 excl. VAT
Buying access to a programme (which includes all topics) is recommended when interested in more topics. Discount codes only apply to programmes.