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IFRS 16: Leases

  • CPA/ABV
  • CPA (CA)
  • CFE
  • CPA (US)
  • CVA

Published: August, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Overview

  • what is a Lease?
    6 mins
  • Exclusions
    16 mins
  • Lessee Classification Tests
    31 mins
  • Lease accounting treatment by lessee terms
    49 mins
  • Lease Classification changes
    70 mins
  • Separating payments for the lease from other elements
    90 mins

Course Description

The accounting treatment of leases can be a daunting and confusing task. As you probably know, IFRS 16 replaced IAS 17 effective January 1, 2019. 

IFRS 16 substantially carries forward the lessor accounting requirements in IAS 17. However, you are probably asking such questions as…Do assets and liabilities arising from a lease continue to be initially measured on a present value basis? Does the lease asset (the right to use the underlying asset) continue to be presented in the statement of financial position either as part of property, plant and equipment or as its own line item? These and many other questions are answered in this IFRS CPE webinar for CPAs that covers the changes introduced in IFRS 16.

Key topics covered in the online CPE Accounting webinar for CPAs:

  • What is a lease and what is excluded?
  • Definition of lease-specific terms.
  • Classification tests for lessees and for lessors.
  • Review of the different types of leases.
  • Accounting treatment for lease.
  • Required disclosures.


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Learning Objectives

  • To recognize the differences in leases.
  • To identify how to account for leases.
  • To be able to classify leases.
  • To grasp the differences for lessees and lessors.
  • To discuss the required disclosures of IFRS 16.

Recommended For

  • This Online Continuing Professional Education webinar is recommended for CPAs, CFEs, CVA, ABV, and Other Accounting Professionals interested in learning about the fundamentals of IFRS on leases. 
  • This Online Continuing Education webinar is recommended for CPAs in Canada who wants to strengthen their practice with knowledge about IFRS on leases.

Who Should Attend?

  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 2 CPE Credit for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 2 CPE Credit for Certified Fraud Examiner (CFE)
  • 2 CPD Credit for Accredited in Business Valuation (ABV)

Presenter

About Presenter

Michel Morley

Founder Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

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