Navigating Canadian Lease Accounting: From Principles to Practice

Learning Objectives

• To discuss the latest updates on leases for Canadian organizations.
• To analyze the overall guidance on Canadian lease accounting.
• To explain how to apply presentation rules and navigate exceptions with confidence.
• To review recognition, measurement, and presentation constraints specific to Canadian organizations.
• To inspect and explore disclosure and presentation requirements in-depth.
• To analyze and master the art of crafting appropriate Notes to financial statements.
• To explain the unique disclosure and presentation requirements for Canadian organizations.

Course Description

This CPD course is specific for the Canadian Audience only. 

Unlock the intricacies of lease accounting with our updated CPD course, providing comprehensive insights into the principles governing the recognition, measurement, presentation, and disclosure of leases. Tailored for Canadian organizations, this course aims to equip financial statement preparers, accountants, and auditors with the knowledge and judgment required for the effective implementation of lease accounting rules.

Explore fundamental concepts, scope, and applicability of Canadian lease accounting rules, guiding you through a step-by-step approach to lease accounting. Delve into planning strategies, policies, and decision criteria, ensuring a thorough understanding of the impacts and essential considerations specific to Canadian organizations.

Major Topics:

• Basic concepts, scope, and applicability of the rules for leases for Canadian organizations. 
• Planning the approach: lease accounting for Canadian organizations and policies and decision criteria.
• Sizing up the impacts of the guidelines for leases for Canadian organizations: questions you need to ask.
• Specific rules and unique provisions for leases for Canadian organizations.
• Recognition criteria.
• Disclosure and presentation requirements.
• Notes to financial statements.

Join this CPD webinar to demystify lease accounting for Canadian organizations, arming yourself with the skills to accurately represent lease transactions and their impact on financial statements.

Overview

• Recognition exemptions: Election not to apply

  8 mins
• Identifying a lease

  17 mins
• Determining if right is substantive

  26 mins
• How asset used and purpose

  40 mins
• Combination: Option combined with contractual feature

  58 mins
• Lessee disclosures: Consideration to determine requirement for disclosure

  66 mins