Accounting for Leases in compliance with IFRS 16

This webinar provides a comprehensive overview of the principles and practical applications of lease accounting under IFRS 16. The session is designed to equip accountants with the essential knowledge needed to properly account for leases, ensuring compliance with relevant standards.

3 CPD units 9 January 2025 1 presenter

What will set you apart

By completing this course you will gain the following competencies

Practical understanding of lease accounting under IFRS 16
Knowledge of key differences between full IFRS
Tools to accurately assess and account for leases in financial statements

Event breakdown

Introduction
Key objectives of IFRS 16
Inclusions
Exclusions & Special considerations
Definition of a lease
Important terms
Disclosure
Impact of IFRS 16
Transition
Challenges and considerations

Category: AccountingType: CPD CourseCPD category: Accounting

Description

This webinar will delve into the key principles and practical applications of accounting for leases, with a focus on IFRS 16 highlighting the implications for financial reporting. Attendees will gain insights into the recognition, measurement, and disclosure requirements for both lessees and lessors. The session will cover critical aspects such as right-of-use assets, lease liabilities, and the distinction between finance and operating leases. Participants will also learn about common challenges and complexities in lease accounting and how to navigate them to ensure compliance and accuracy in financial statements. This session is essential for accountants and finance professionals looking to stay updated with the latest standards and best practices in lease accounting

Presenters

Faith Ngwenya — Faith Ngwenya is an accomplished leader in the accounting profession with extensive experience in professional education, skills development and stakeholder engagement. As Head of Education at CIBA, she plays a key role in advancing professional development, strengthening relationships with education and industry stakeholders, and supporting initiatives that prepare accounting professionals for the evolving demands of the profession.

You will earn a certificate

On successful completion you will receive a certificate for 3 CPD units in Accounting.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser