- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- IFRS - International Financial Reporting Standards (IFRS)
Mastering a complex environment
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
◗ Integrating IFRS16 requirements and approach
◗ Applying accounting treatments for lessees and lessors
◗ Measuring the impact on both the organization and the presentation of financial statements
IFRS 16 training program
◗ Overview
- IFRS16 principle: reflect the economic reality of rights of use
- Recognition of a right of use and a lease liability from the outset
- Impact on financial statements: balance sheet, income statement, ratios (EBITDA, gearing, etc.)
✔ UNDERSTAND | Illustration: review of consolidated group financial statements
✔ UNDERSTANDING | Group discussion: IAS17 vs IFRS16 diagram
◗ Identification of leases under IFRS16
- Lease = identified asset + customer control + consideration + term
- Analysis of right of substitution, economic advantage and decision-making power
- Use of decision trees and case studies
✔ UNDERSTANDING | Detailed presentation and discussion: IFRS16 criteria §9
✔ ASSESS | Quiz: is there a lease in each of the situations presented?
situations presented?
◗ Tenant accounting
- At the start of the contract, equality between right of use and rental debt
- Implicit rate or marginal financing rate: choice and application
- Subsequent recognition of rights and obligations
✔ UNDERSTANDING | IFRS16 diagram §24
✔ APPLYING | Case study: implementation at the lessee's premises
◗ Focus: rental period
- Options to consider depending on the contract and the lessee's strategy
- Justifying the lessee's economic interest
- Recent developments: IASB amendments, IFRSIC decisions
✔ ASSESS | Quiz: determining duration in different situations
◗ Modifications (contract or estimate)
- Distinction between contractual modification and change in estimate
- Accounting treatment of IFRS16 depending on the type of modification
- Case studies: rent reviews, extensions, early exit, etc.
✔ UNDERSTANDING | Illustration: review of consolidated group financial statements and
table of changes in rental commitments and rights of use
✔ APPLY | Case study: accounting schemes in different situations
situations
Why choose this IFRS 16 training course?
IFRS 16 is based on a simple principle (every lessee must record its lease liability and the corresponding right of use in its accounts), but its application can sometimes be complex (determining the term, handling contract amendments, handling leasebacks in particular). This one-day course will help you understand how to apply this standard over time.
Teaching and assessment methods
Before: self-assessment quiz
During the session: each point presented is illustrated by examples drawn from real-life situations. Case studies, interactive quizzes and discussions during the session ensure that knowledge is acquired.
After: summary sheet.
The trainer is available to answer any questions relating to ifrs 16 training.
General training | FinHarmony Conseil & Formation
Price
1,295€ EXCL. TAX
Testimonials
ifrs 16 training
ifrs 16 training
ifrs 16 training
Jonathan C.
Company
Training