Udemy

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English

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Other Finance & Economic

Category

IFRS 16: What's new for Reporting under Leases!

IFRS - International Financial Reporting Standards

Students

3.5 hours

Content

Apr 2021

Last Update
Regular Price

Topics

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What you will learn

The participants can learn the conceptual aspects and get a practical understanding of IFRS 16 with the help of the program


Description

The program helps you understand the details of IFRS 16 - both from Lessee's and Lessor's perspective. The program discusses the key aspects including Lease Term, Lease modification, Identified Assets, Lessee Accounting, Lessor Accounting, Short term Leases Low Value Assets, Sub lease and information on Sale and Leaseback transactions - whether done at fair value or other than fair value. The program aims to help you understand the details of the Lease Accounting in a more detailed manner - keeping in mind the key points that you need to remember while addressing the need of IFRS 16.

With this program, you can expect to understand major areas of challenges that an entity may face while accounting for leases. This is particularly more relevant for businesses which use leased assets - including, Banking, Aviation, Service and also Manufacturing. The program is relevant for all people who are involved in accounting and reporting of financial statements - and management of fixed assets register or lease accounting (in the books of lessee). The program discusses relevant paragraphs from IFRS 16 - giving reference to the standard and relevant examples from practical application perspective. After this program, participants are expected to understand and appreciate the need and objective of the standard on leasing - and evaluate the financial implications of the Leasing accounting standard.




Screenshots

IFRS 16: What's new for Reporting under Leases!
IFRS 16: What's new for Reporting under Leases!
IFRS 16: What's new for Reporting under Leases!
IFRS 16: What's new for Reporting under Leases!

Content

Introduction

Introduction to IFRS 16: Why the new standard

Identified Assets

Identified Assets

Substantive Substitution Rights

Substantive Substitution Rights

Rights of Lessee

Rights of Lessee

Rights of Lessee 2

Rights of Lessee 2

Short Term Lease Exemption

Short Term Lease Exemption

Lease Liability

Lease Liability

Right of Use (RoU) Asset

Right of Use (RoU) Asset

Reassessment of Lease Term

Reassessment of Lease Term

Reassessment of Lease Term 2

Reassessment of Lease Term 2


3906056

Udemy ID

3/11/2021

Course created date

5/1/2021

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