Leases: Overview of IFRS 16
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Description
To reflect the economic reality of such transactions, IFRS 16 Leases requires lessees to record nearly all leases on their balance sheets. But how? In this CPE-eligible (1.5 CPE), eLearning course you’ll learn not only how to identify leases within the scope of IFRS 16, but also how to record them on the balance sheet by determining the lease term, lease payments, and discount rate. The course concludes with an overview of the accounting for leases by both lessees and lessors. Whether you’re responsible for financial reporting or auditing financial statements under IFRS, this course is a must for the international accountant!
Learning Objective(s): By the end of this course, you should be able to:
- Recognize whether a contract, or a part of a contract, contains a lease and is within the scope of IFRS 16
- Recall the key concepts and inputs related to accounting for leases under IFRS 16
- Identify the proper accounting for leases by both lessees and lessors
This course is included in the following collections:
Additional Information
| Last Updated | 06/01/2024 |
|---|---|
| CPE Credit | 1.5 |
| Field of Study | Accounting |
| Instructional Delivery Method | QAS Self Study |
| Knowledge Level | Overview |
| Private | No |
| Prerequisites | None |
| Advanced Preparation | None |
| Expiration | This course, collection, or subscription expires one year from the date of purchase. The post-course assessment for each course must be satisfactorily completed, as evidenced by a passing grade of at least 70%, by the expiration date to be awarded any qualifying continuing professional education (CPE) credit. |
| Refund or Cancellation Policy | For more information regarding refunds, concerns, and program cancellation policies, please contact the GAAP Dynamics Support Team via email at support@gaapdynamics.com or call (804) 897-0608. |
$180
1h 30m
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