IFRS 16 Leases

Overview:

The updated leasing standard under IRFS is going to be the most important accounting standard change within the accounting profession.

For lessees, regardless of a rental agreement if it is a finance lease or an operating lease, with IFRS 16 will require ALL leases to be accounted for in the same way. With the creation of new assets and liabilities, the replacement of rental expense with interest and depreciation, financial information will change for all companies.

With the introduction of a definition of what constitutes a lease as well the adoption of this standard will take a significant amount of planning and time prior to the 2019 adoption date with many organisations around the world making preparations already.

Key Takeaway:

- Participants will have a thorough understanding of IFRS 16 to enable professionals to prepare the financial statements as per the new standard.
- Familiarise with the standard requirement and adjust the work practice as to the new standard (IFRS 16).
- Help professionals to update the IFRS 16 knowledge and to secure employment opportunity with the new standard practice.
- Help professional to meet the IFRS and IAS requirement in their work practices and financial;

Note: Training is also available in Arabic by Bilingual Trainers.