IFRS 16 – Leases

Why Attend

This course can help by providing an in-depth look at IFRS 16, the new lease standard, which requires organizations to recognize lease assets and liabilities on the balance sheet and to disclose key information about lease arrangements.

This course provides comprehensive guidance on identification, recognition, measurement, and presentation and disclosure requirements of lease accounting. We address both the lessee and lessor accounting models and provide real-life examples and helpful illustrations to ensure proper understanding of the new requirements.

This course also discusses the differences between IFRS 16 and U.S. GAAP Guidance in FASB

Course Methodology

This course uses explanations by a subject matter expert on how to write policies and procedures and what to include in them. Participants will be asked to write policies and procedures in different business cycles leading to financial reporting as per IFRS.

Course Objectives

By the end of the course, participants will be able to:

•  Identify the nature, economic substance, and advantages of lease transactions
• Apply the accounting for leases by lessees
• Apply the accounting for leases by lessors
• Distinguish the accounting and reporting for special features of lease arrangements

Target Audience

This course is suitable for accountants and accounting staff, finance directors, Accounting teachers, accountancy students, business owners, business managers.

Target Competencies

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Location:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration:

Unit Standard:

NQF Level:

Number of Credits:

Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB: Terms and Conditions for Payment and Refunds

1.1. Full payment for the training workshop must be made at least 5 days before the scheduled workshop date.

1.2. Payment can be made via bank transfer, credit card, or any other agreed-upon method.

1.3. A confirmation of payment will be issued upon receipt of funds.

1.4. Any form of Payment means that trainee / delegate / client receiving the training accepts the training and agrees to these terms and conditions.

2. Cancellation and Refund Policy

2.1. Cancellations made 30 days or more before the workshop date will be eligible for a full refund, minus any administrative fees.

2.2. Cancellations made 15 to 29 days before the workshop date will be eligible for a 50% refund of the total payment.

2.3. Cancellations made less than 14 days before the workshop date will not be eligible for a refund.

2.4. Participants who fail to attend the workshop without prior notice will not be eligible for a refund.

3. Rescheduling

3.1. If a participant wishes to reschedule, a request must be submitted at least 14 days in advance, subject to availability.

3.2. A rescheduling fee may apply.

4. Workshop Cancellation by the Organizer

4.1. AATICD reserves the right to cancel or reschedule the workshop due to unforeseen circumstances, including but not limited to low enrolment, trainer unavailability, or force majeure events.

4.2. In the event of cancellation by AATICD, participants will be offered a full refund or the option to attend a rescheduled session.

4.3. AATICD is not responsible for any additional costs incurred by participants, such as travel or accommodation expenses.

5. Refund Processing

5.1. Approved refunds will be processed within 7 business days from the date of cancellation approval.

5.2. Refunds will be issued using the original payment method unless otherwise agreed.

6. Contact Information

For any questions regarding payments and refunds, please contact us at:

Email: apply@aaticd.co.za

Phone: +27 73 016 5042

By registering for the workshop, participants agree to abide by these terms and conditions.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.

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Course Outline

• Advantages of leasing
• Initial recognition, measurement, and presentation of lease liabilities and lease assets
• Subsequent lease accounting
• Lease classification
• Sales-type and direct financing leases
• Disclosure requirement differences between IFRS 16 and U.S. GAAP Guidance in FASB ASC 842
• Key requirements of IFRS 16
• Issues associated with implementing IFRS 16
• Significant impact on a range of key metrics monitored by stakeholders, like EBITDA, EPS, net assets, gearing ratios
• Debt covenants – ratios might need to be renegotiated.
• Share-based payments– performance metrics might need renegotiation.
• Dividend policy – the revised profile of the profit or loss expense might affect the ability to pay dividends.
• Lease negotiations – although accounting should not be the key driver in commercial negotiations, market behavior might change towards shorter lease tenures to minimize lease liabilities.
• Understand the new business perspective and the main changes brought by the new Standard IFRS 16
• Determine how these changes affect not only the accounting systems but also their business model and relationships
• Identify the main differences between leasing and other service contracts
• Elements a lessee has to consider in recording/ accounting for a lease contract
• Exemptions and the impacts in taking advantage of them
• Challenges and opportunities brought IFRS 16  
• Scope of the Standard
• The new definition of leasing and how to correctly identify a leasing contract
• Accounting model for lessee
• Insights to approach more complex areas
• Available exemptions
• Timeline and options for implementation