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IFRS 16 revolutionised lease accounting for lessees by eliminating the distinction between finance and operating leases, requiring most leases to be recognised on balance sheet.

This course provides an overview of the lessee accounting under IFRS 16, including key concepts such as lease liability measurement, right-of-use assets, variable lease payments, lease term determination, and discount rates.

It also covers lease modifications, identifying lease components, disclosure requirements, and the basics of lessor accounting.

You will gain a clear understanding of IFRS 16’s requirements, and the practical steps that are needed to facilitate compliance with the standard so that you can apply the standard effectively.

This on-demand course takes approximately 1 hour to complete and may contribute up to 1 hour of verifiable CPD if you can demonstrate its relevance to your role.

Start today and complete it at your own pace.