After many years of waiting, on 13 January 2016, the International Accounting Standard Board has finally issued the new leases standard, IFRS 16 “Leases”. The effective date of the standard is 1 January 2019 and early adoption is allowed.
It is a major change of the way the entities account for leases because it removes the current lessee accounting treatment for operating and finance leases. Instead, the new standard introduces a single lessee accounting model and requires lessees to recognize assets and liabilities for leases with a lease term of more than one year.
The seminar includes sufficient coverage of the IFRS 16. On completion of this seminar participants should be able to:
- Identifying a lease
- Have clear understanding of the accounting treatment proposed by IFRS 16 for lessees and lessors
- Differences to current accounting treatment.
The seminar is primarily addressed to accountants and auditors in the profession or industry. It is also relevant and appropriate to any individual having an active role in preparing, analyzing and presenting financial statements.
To register for this seminar, please click here.
For further information please contact us.