Course Overview

IFRS 16 Leases is effective for periods beginning on or after 1 January 2019 and replaces IAS 17 Leases and related interpretations. The new standard introduces a single lessee accounting model to replace the finance and operating lease classification in IAS 17 and results in all leases being recognized on the lessee’s balance sheet. It requires analysis of contracts to determine whether it contains a lease or embedded lease, separation of a lease and non-lease components and determination of lease term. In addition, the standard also requires adjustments to lease assets and liabilities for lease modifications. There are enhanced presentation and disclosure requirements.

This one-day course provides an in-depth analysis of IFRS 16 to enable participants to apply the new requirements and evaluate its impact on business and financial statements. There is extensive use of examples and case studies to explain the application of the standard.

Learning Outcomes

To enable participants to obtain an in-depth understanding of the requirements of IFRS 16:

  • Analyse contracts to determine whether they contain leases or embedded leases
  • Apply the principles for initial and subsequent measurement by lessee and lessors including recognition exemptions and lease modifications
  • Evaluate the impact of sale and leaseback transactions
  • Comply with the enhanced disclosure requirements
  • Review the transition options and apply the practical expedients
  • Evaluate the practical implications of IFRS 16 on different sectors
  • Review the key differences between IFRS and US GAAP

Who Should Attend?

The course is useful for users of financial statements, in particular, those who are dealing with leases and lease accounting in the following departments:

  • Finance
  • Treasury
  • Leasing
  • Internal and External Auditors
  • Analysts
  • IT Staff, involved in finance change/transformation
Earn 16 hours CPD points for attending this event!
Saket is a financial trainer and consultant based out of London. He has designed and facilitated workshops for finance professionals from over 50 countries in Europe, Middle East, Africa and Asia. Saket specialises in financial reporting and analysis (IFRS/IPSAS), financial instruments, corporate finance and CFA® exam preparatory courses. He has spent considerable time working, advising...





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Terms and Conditions

Payment Methods: Kindly note that payment is required no later than 14 days from invoice date. In the event of nonpayment, Masterclass Events reserves the right to cancel the booking and the full amount under disagreement will be due and payable.

Confirmation Details: Upon reception of your booking, we will e-mail each registered person our delegate confirmation pack. This pack will include venue information with a map and specific event details. If you have not received confirmation within one week of booking, kindly contact us on 012 654 8615 for assistance. Delegate fees include all workshop materials, lunch and refreshments for each day. Please note that hotel accommodation and travel are not included in the price. We can offer travel and hotel booking assistance if required. If you require any travel assistance please contact us.

Cancellation and Transfer Policy: Delegates unable to attend the event may send a substitute delegate in their place. Please send written details of substitution. Written cancellations must be received more than 10 working days prior to the date of the event and will be liable for 50% of the event fee. Failure to cancel, or cancellations received 10 working days or less prior to the event date, will result in liability for the full event fee. Masterclass Events reserves the right to alter the program and speaker details without notice.

R6 747.50 (VAT Excl) per delegate

Group Discounts
3+ delegates: 10% group discount
5+ delegates: 15% group discount

Bookings are confirmed upon receipt of signed registration form. All prices are exclusive of 15% VAT.

There is a R605 per day surcharge for Kosher & Halaal Meals.

Payment Methods:
Kindly note that payment is required no later than 14 days from invoice date. In the event of nonpayment, Masterclass Events reserves the right to cancel the booking and the full amount under disagreement will be due and payable.

Event Details
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Testimonials

Great Course

Thanks for a great course. I thoroughly enjoyed myself and your staff were excellent.

Liberty Life

Excellent

I would recommend you to anyone. Excellent coordination of the event.

Anglo Platinum

Great

Great – I would definitely choose Masterclass Events as a Training Provider.

Impala Platinum