- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- IFRS - International Financial Reporting Standards (IFRS)
Improvement
Target audience
- Chartered accountants, statutory auditors
- Members of the financial communications department
- Finance, consolidation and accounting managers
- Users of financial statements
1 day
IFRS 16 training
Prerequisites
No prior knowledge is required
Objectives
◗ Incorporate the requirements and approach of IFRS 16.
◗ Record the necessary accounting entries for the tenant and the landlord.
◗ Assess the impacts on both the organization and the presentation of the financial statements.
Training program
◗ Overview
– IFRS 16 Principle: Reflecting the Economic Reality of Leases
– Impacts on Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement) and Performance Metrics
– Exemptions Provided for by the Standard
✔ UNDERSTANDING | Illustrations: Review of Consolidated Group Financial Statements
◗ Identification of a lease under IFRS 16
– Criteria to Analyze
– The Distinction Between a Lease and the Provision of Services
✔ UNDERSTAND | Decision Tree
✔ APPLY | Practical Exercises: Is there a lease agreement in the various situations presented?
◗ Tenant accounting
– Accounting for and presentation of the lease liability and right-of-use asset: initially and throughout the term of the lease
✔ APPLY | Case Study: Implementation at the Tenant's Premises
– Determining the appropriate discount rate
– Determining the lease term and handling options
✔ APPLY | Quiz: What is the correct rental period for each of the situations presented?
– Types of payments to be included or excluded (fixed, variable, indexed rent, etc.)
✔ APPLY | Practical example: handling indexed rent
◗ Accounting treatment for the lessor
– Maintaining the distinction between operating leases and finance leases
✔ UNDERSTANDING | The different accounting methods to apply
◗ Handling Special Events
– Sublease
– Sale-and-leaseback
◗ Subsequent changes (rent adjustments, extensions, early termination, etc.)
– Distinction between a contract modification and a change in estimate
– IFRS 16 accounting treatment based on the type of modification
✔ APPLY | Case Study: Change in Contract Term
✔ APPLY | Case Study: Reduction in the Scope of the Contract
◗ IFRS 16 and Impairment
– When and how should rental assets be tested? Interactions with IAS 36
Why choose this course?
IFRS 16 is based on a simple principle (every lessee must recognize its lease liability and the corresponding right-of-use asset in its financial statements), but its application can sometimes be complex (determining the lease term, accounting for contract modifications, and accounting for leaseback arrangements in particular). In just one day, this training course will help you understand how to apply this standard over the long term.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
1 295 € EXCL. TAX
Testimonials
ifrs 16 training
ifrs 16 training
ifrs 16 training
Jonathan C.
Company
Training