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IFRS Course


Essentials - A Focus on IFRS 16 Leases (Virtual Classroom)

Course Details

4 Hours
Virtual Classroom
Subject to Online Tax From Web (Read more)
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This online IFRS training is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).

This focus session concentrates on key issues when applying IFRS 16 Leases.

IFRS 16 became mandatory for annual periods beginning on or after 1 January 2019. Lessee accounting was significantly affected by abolishing the distinction between finance and operating leases and the introduction of the right-of-use model.   

This session reviews critically how IFRS 16 has been applied by reviewing recent practice and clarifies how preparers (both lessees and lessors) can improve the quality of lease accounting and disclosure.

Learning Objectives

  • Identify whether a contract is, or contains, a lease
  • Exercise judgements to determine the term of a lease and the lessee’s incremental borrowing rate
  • Apply the right-of-use model of lessee accounting
  • Assess the effect of the IFRS Interpretations Committee’s Agenda Decisions on lease accounting
  • Improve the quality of disclosure

Who Should Attend

  • Accountants in finance and reporting teams that prepare IFRS financial statements
  • External and internal auditors
  • Financial and credit analysts seeking to improve their understanding of IFRS lease accounting
  • Accounting regulators and enforcement bodies


  • Overview
    • Definition of a lease
    • Determining the lease term
  • Lessee accounting
    • Practical expedients available
    • Recognition exemptions – short-term leases and low value assets
    • Right-of-use model
      • Determining discount rates, including incremental borrowing rate
      • Initial measurement of lease liabilities and right-of-use assets
      • Reassessment of lease liabilities, including lease modifications
      • Covid-19-Related Rent Concessions amendment
    • Sale and leaseback transactions
      • Accounting by lessees and lessors
      • Amendment to IFRS 16 Lease Liability in a Sale and Leaseback
    • Lessor accounting
      • Finance and operating leases
      • Lease modifications
    • Disclosure
      • Improving the quality

Teaching Method

  • Live group internet instruction in virtual format by specialist instructor
  • Description and explanation of IFRS 16 requirements in clear and simple language
  • Use of case studies and real-world examples to illustrate practical application
  • Interactive participation is encouraged, with all attendees being required to be present on camera for the duration of the session.
  • All participants receive comprehensive electronic course notes, including presentation slides and handouts
  • This virtual training is being delivered live and online in a session which runs from 13:00 – 17:00 London (UK).


The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.


Our seminars take place in professional conference facilities, usually situated within a carefully chosen and well-located hotel. We use prestigious brands such as Radisson Blu, Hilton and Marriott.

Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Refreshments and lunch are provided at our events.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.


Field of study: Accounting


Basic understanding of accounting under IFRS or any national standards. No advance preparation is required for this course.