IFRS: Leases (IFRS 16)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IFRS 16, Leases, including the following:

• The scope of IFRS 16 and items excluded from the scope
• The contrast with previous accounting requirements under IAS 17, - Leases
• The new definition of a lease
• Lessee accounting, including the recognition and measurement of a lease liability and right-of-use asset
• Disclosure requirements

This course includes interactive learning elements, video content, and real-life application through case studies.

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Objectives

Learning Outcomes

• Determine whether an arrangement is (or contains) a lease.
• Recall how to account for leases under IFRS 16 (with focus on lessee accounting).