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IFRS 16 leases - numerical financial reporting workshop

Category: MASTER COURSE

This course uses Excel based case studies designed to show the numerical application of key parts of the accounting standard and how this application will impact on the overall financial position and performance of the organisation.

Who should attend?

This course is ideal for those looking to put their IFRS 16 knowledge into practice. Delegates may attend this half day course individually, or together with this related workshop:

IFRS 15 Revenue Recognition - numerical financial reporting workshop, half day course.

What you will gain
In 2019 many lease agreements that are currently off balance sheet will be capitalised resulting in the recognition of a right of use asset and liability and therefore interest and depreciation. In preparation, entities are considering which assets are in scope, the impact on key internal and external performance metrics and the application of the technical requirements of the standard.

The case studies on the course are Excel based and are designed to show the numerical application of key parts of the accounting standard and how this application will impact on the overall financial position and performance of the organisation. This course compliments IFRS 16 - leases (the new leases standard) by providing an additional layer of knowledge that is numerically focused. The key difference between the two courses is that IFRS 16 - leases (the new leases standard) builds knowledge of the accounting standard and this course applies that knowledge numerically to a practical situation.

Programme outline
The case studies will consider and demonstrate the numerical application of:

  • Scope considerations including identified assets, economic benefits and direction of use
  • Substantive substitution rights
  • Practical expedients: 12 months and low value assets
  • The identification of lease and non-lease components
  • The determination of the lease term and impact of extension clauses
  • Fixed and variable lease payments
  • Discount rates
  • The initial and subsequent measurement of the right of use asset
  • The initial and subsequent measurement of the lease liability
  • Lease modifications resulting in increases or decreases in the lease

The case studies will also consider the impact of the new accounting standard on a range of internal and external performance metrics.

The course will start at 1.45pm and end at 5.00pm. Refreshments are provided.
3 CPD hours (where applicable). 

CIMA work in partnership with BPP Professional Education to offer CPD training courses



Related Events

08/11/2019 14:00:00

IFRS 16 - leases (the new leases standard)

MASTER COURSE

  • Cost:
    GBP 315.00
    Member price: £284. Plus VAT on all prices.
  • Location:
    London - afternoon course
  • Speaker(s):

This half day course will cover the current accounting requirements under IAS 17 and then consider the accounting for such transactions under the new lease accounting exposure draft.

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IFRS 16 leases

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount.

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

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