COURSE OBJECTIVES: Lease accounting has been hotly debated for many years. Currently leases are categorised as either finance or operating leases, with finance leases appearing on balance sheet and operating leases remaining off the balance sheet. The new proposals for lease accounting eliminate this artificial distinction between operating and finance leases, effectively bringing all leases onto the balance sheet.
This course will provide you with an understanding of the new exposure draft proposals on lease accounting and the practical issues that may arise with its implementation.
COURSE CONTENT:
Specifically the course will cover:
- The single cost based model for lease accounting
- Renewals options
- Contingent rentals
- Residual value guarantees
- Early termination
- Simplified accounting for short term leases
- Lessor accounting
- Disclosure requirements
WHO SHOULD ATTEND:
This course is primarily aimed at accountants who prepare financial statements under IFRS. It will also be of interest to accountants who want to keep up to date with financial reporting as part of their CPD requirements and auditors and analysts of companies who report under this framework.
Would you like this course run in-house? Call us on 0207 566 8207 to find out more