This face to face IFRS course is available as a virtual, online training! View the details of the Virtual classroom or our Virtual Classroom schedule to see what else is being delivered live in our online classrooms.
This two-day course examines international financial reporting issues and their effect on real estate entities.
Our specialist instructors discuss the critical issues that go beyond mere number-crunching and explain, clearly and simply, the way the real estate sector conducts and shapes its accounting and reporting practices in accordance with IFRS Standards.
By reference to accepted accounting practices in the sector, delegates leave this course with practical knowledge of the wide spectrum of principle-based IFRS Standards that are applicable to the real estate sector. Participants will, for example, learn how to relate the standards on property, plant and equipment, leases, revenue, business combinations and investment property to leased or sold assets. The program also covers the treatment of investment projects, related borrowing costs and marketing, sales, development and construction expenditures, the appropriate basis for investment property valuation, and disclosure requirements and other issues that are unique to the real estate sector.
This valuable course answers questions such as:
- What are the accounting requirements for typical real estate lease, property, and investment property activities?
- What is required under IFRS 16 Leaseswhen accounting by lessors and lessees?
- How are lease contracts analysed for accounting purposes?
- When are lease incentives, service costs and embedded derivatives recognized and how are they measured?
- How does IFRS 15 Revenue from Contracts with Customersimpact on real estate transactions?
- How does IFRS 9 Financial Instrumentsimpact on mortgages, traded debt, and other financing instruments used in the real estate market?