Ifrs 16 Beginner To Advance

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Learn lease accounting under IFRS 16 and GAAP differences with ASC 842 and IND AS 116

Last updated 2022-01-10 | 4.3

- Understanding of leases
- Lease term
- Lease liability and Right of use of asset

What you'll learn

Understanding of leases
Lease term
Lease liability and Right of use of asset
Discount rate
Fixed and in-substance fixed lease payments
Variable lease payments
Guaranteed and Unguaranteed residual value
Lessee accounting and disclosure
Lease exemptions
Lease classification
Lessor accounting and disclosure
Manufacturer and Dealer lessor
Lease components
Lease modification
COVID - Rent concessions
Sublease
Sale and lease back
Specific GAAP differences with ASC 842 and Ind AS 116

* Requirements

* Knowledge of basic accounting and financial reporting
* Understanding of IAS 17 is a plus but not a prerequisite

Description

  • Understanding of leases
  • Lease term
  • Lease liability and Right of use of asset
  • Discount rate
  • Fixed and in-substance fixed lease payments
  • Variable lease payments
  • Guaranteed and Unguaranteed residual value
  • Lessee accounting and disclosure
  • Lease exemptions
  • Lease classification
  • Lessor accounting and disclosure
  • Manufacturer and Dealer lessor
  • Lease components
  • Lease modification
  • COVID - Rent concessions
  • Sublease
  • Sale and lease back
  • Specific GAAP differences with ASC 842 and Ind AS 116

Course content

6 sections • 44 lectures

Introduction 3 lectures

Overview of the course Preview 03:53

Discord community Preview 00:34

Why IFRS 16? Preview 05:24

Lease identification 8 lectures

Understanding lease Preview 04:18

Identification of underlying asset Preview 04:27

Identification of asset

Right to use Preview 06:20

Substitution right Preview 05:07

Lease identification assessment

Lease term Preview 07:15

Lease term assessment

Lessee accounting 14 lectures

Overview to lessee accounting Preview 09:15

Case study lease liability Preview 00:22

Discount rate - IRIL Preview 05:50

Discount rate - IBR Preview 04:27

Case study Discount Rate Preview 00:15

In-substance fixed payments Preview 03:45

Variable lease payments Preview 08:27

Case study VLP Preview 00:22

Residual Value - Guaranteed Preview 06:31

Case study GRV Preview 00:15

Factors for reasonable certainty Preview 01:57

Other important terms and exemption Preview 05:39

Lessee accounting and disclosure Preview 07:31

Case study lease accounting Preview 00:27

Lessor 7 lectures

Overview and lease classification Part 1 Preview 07:39

Lease classification Part 2 Preview 05:35

Case study on lease classification Preview 00:29

Residual Value - Unguaranteed Preview 02:42

Lessor accounting and disclosure Preview 10:38

Manufacturer and dealer lessor Preview 03:55

Case study on lessor accounting Preview 00:26

Special topics 11 lectures

Lease componets Preview 07:32

Lease modification Part 1 Preview 07:00

Lease modification Part 2 Preview 07:14

Case study on lease modification Preview 00:14

COVID Rent concession Preview 09:01

Case study on rent concession Preview 00:26

Sublease Preview 08:05

Sale and lease back Part 1 Preview 07:49

Sale and lease back Part 2 Preview 04:04

Case study on sale and leaseback Preview 00:27

GAAP Difference Preview 07:29

Conclusion 1 lectures

Completion Preview 01:20