Accounting Standards
IFRS 16 - Leases
Lessee Accounting, Right-of-Use Assets, and Lease Liabilities Under IFRS 16
2 CPD credits on completion
Enrol Now
Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
The learning outcomes from this accounting standards CPD course include: Understanding key terms Initial measurement Subsequent measurement Accounting for sale and leasebac
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 2 units of CPD . One unit is the equivalent of one hour of learning. A certificate will be issued once you have completed all 2 units.
Course Sections
This CPD course is made up of the following sections:
- Key terms and initial measurement (video)
- Key terms and initial measurement (quiz)
- Subsequent measurement (video)
- Subsequent measurement (quiz)
- Accounting for sale and leaseback transactions (video)
- Accounting for sale and leaseback transactions (quiz
What You Will Learn
- Define a lease under IFRS 16 and explain how to determine whether a contract contains a lease
- Apply the lessee accounting model, recognising a right-of-use asset and a lease liability at the commencement date
- Calculate the initial measurement of the lease liability using the present value of future lease payments discounted at the interest rate implicit in the lease or the lessee's incremental borrowing rate
- Explain how the right-of-use asset is subsequently depreciated and the lease liability is unwound using the effective interest method
- Identify the exemptions available for short-term leases and leases of low-value assets
Who This Course Is For
- Accountants applying IFRS 16 to lease contracts in their entity's financial statements
- Auditors assessing lease accounting judgements, discount rates, and lease modifications
- Finance professionals studying for exams that test IFRS 16
Prerequisites
- Familiarity with the time value of money and present value calculations
- Understanding of how assets and liabilities are presented on the statement of financial position
Frequently Asked Questions
Course Details
CPD Credits2
CertificateYes
Pricing
Pricing
Invest in your professional development with flexible payment options.
Everything included in your subscription:
CPD certificate on completion
Downloadable resources
Self-paced learning
Expert-led content
24/7 access
Mobile friendly
Ready to Start Learning?
Join thousands of finance professionals who have advanced their careers with Learnsignal CPD courses.
Enrol Now