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A complete course on IFRS 16- leases

Learn IFRS 16- lease accounting with numerical case studies in MS Excel

4.00 (2 reviews)

Students

3 hours

Content

Sep 2020

Last Update
Regular Price

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What you will learn

Overview of IFRS 16- leases.

How to identify a lease contract under IFRS 16.

Practical case study on a lease contract identification.

Recognition and measurement of lease contract under lessee accounting.

How to determine short-term and low value leases.

How to make transition in financial statements.

Numerical examples on IFRS 16 adoption ( in Excel sheet).

How to calculate sale and lease-back transactions under IFRS 16.

Practical examples on sale and lease-back transactions.

Learn lessor accounting under IFRS 16.

Practical case study on lessor accounting.

Questions and solutions to test your knowledge.


Description

It is a complete guide to international financial reporting standard IFRS 16 leases as well as comparison with the old standard IAS 17 leases

  • Prescribes the accounting treatment  for a lease contract under both lessee and lessor accounting.

  • Sets recognition, measurement and disclosure of a lease contract.

  • Provides numerical case studies on how to make transition from IAS 17 leases to IFRS 16 leases.

  • This course tackles sale and lease back transactions under lessee accounting.

  • Prescribes and gives practical solution on how to deal with finance and operating leases under lessor accounting.



Screenshots

A complete course on IFRS 16- leases
A complete course on IFRS 16- leases
A complete course on IFRS 16- leases
A complete course on IFRS 16- leases

Content

Introduction to IFRS 16 leases

Introduction to IFRS 16- leases.

How to identify a lease contract under IFRS 16

Practical case study on a lease contract identification

Test your knowledge

lessee accounting under IFRS 16- leases

Recognition and measurement of a lease contract under a lessee accounting

Short-term and low value assets under IFRS 16 - leases

How to adopt IFRS 16 leases.

Test your learning knowledge on lessee accounting

Numerical example:how to adopt IFRS 16 using full retrospective approach (Excel)

Approach to a practical example

How to account the present value of lease payment

How to calculate a lease liability

Comparison of impact between IFRS 16 and IAS 17 in equity

Restatement entries before January 2018

Restatement entries before January 2018 lecture2

Restatement entries for comparative and current reporting period

How to represent right of use asset in financial position

How to represent a lease liability in financial position

How to show a lease expenses in profit or loss

Practical example on modified retrospective approach (MS excel)

Present value of lease payment under modified retrospective approach

Present value of lease payment under modified retrospective approach - 2

How to account a lease liability under modified retrospective approach

Adjustment entries under modified retrospective approach

How to show the right of use asset and lease liability in financial position

How to show the operating lease expenses in profit or loss statement

Sale and lease back accounting

How to treat sale and lease back transactions

Practical case study question under sale and lease back

How to recognise gain or loss a raising from sale and lease back ( solution)

Lessor accounting

Finance leases

Operating leases

Numerical example: The accounting treatment for operating leases.


3518470

Udemy ID

9/22/2020

Course created date

9/26/2020

Course Indexed date
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