Prospen Africa’s IFRS 16 Masterclass equips finance professionals with in-depth knowledge of lease accounting, focusing on key principles, practical applications, challenges, and the impact of IFRS 16 on financial statements.
| Date | Venue | Duration | |
|---|---|---|---|
| 01 - 02 April 2026 | Live/Online | 2 Days | Register Now |
Prospen Africa’s IFRS 16 Masterclass provides comprehensive training on the IFRS 16 standard for lease accounting, which replaces IAS 17. Participants will learn to identify whether arrangements contain leases, understand the key principles of IFRS 16, and apply the standard in practical scenarios. The course highlights the impact of IFRS 16 on financial statements, especially for organizations with major assets under operating leases, addressing off-balance financing issues. Key changes from IAS 17 and potential judgment areas in applying IFRS 16 will be covered. The course also emphasizes the increase in accounting complexity and ongoing maintenance requirements due to assumptions and estimates needed by IFRS 16. Practical case studies and detailed analyses will help delegates understand and implement the standard effectively.
As a result of completing this IFRS 16 Masterclass, all participants will improve their knowledge, understanding and analytical skills of IFRS 16 in particular and full IFRS in general, with the following benefits:
Explain the fundamental requirements of IFRS 16 including key changes from IAS 17.
Understanding the IFRS standard, and how it will impact the financial statements.
Understand the new business perspective and the main changes brought by the new Standard IFRS 16.
Identify the common challenges and pitfalls when applying the requirements of IFRS 16.
Explore the frequently asked questions raised by companies and auditors.
Explain key disclosure requirements.
Use relevant case studies and scenarios to understand how the requirements should be applied and how it is likely to affect you.
Identify commercial arrangements in interpreting criteria such as ‘definition of a lease’, ‘identified asset’ and ‘lease term’ and the impact on accounting outcomes.
Identify the risks in a lease portfolio, areas of potential cost savings and lease portfolio optimisation.
Finance Directors
Head of Finance
Chief Finance Officers
Accounts Managers
Accountants
Internal Auditors
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Conceptualisation and Introduction to Lease Accounting in IFRS 16
Objective and Scope of IFRS 16
Objective and scope of IFRS 16
The latest on world adoption of IFRS
Recognition exemptions
What is a lease?
Determining whether an arrangement contains a lease
Identifying and separating lease and non-lease components of a contract and allocating contract consideration
Contract combinations
Key Concepts
Inception of a contract
Commencement date of the lease
Lessee involvement with the underlying asset before the commencement date
Lease term and purchase option
Lease payments
Discount rates
Initial direct costs
Economic life
Fair value
Lessee Accounting
Initial recognition
Initial measurement
Subsequent measurement
Remeasurement of lease liabilities
Lease modifications
Other lessee matters
Presentation
Disclosure
Lessor accounting
Lease classification
Key concepts applied by lessor
Finance leases
Operating leasing’s per Share
Lease modifications
Other lessor matters
Presentation Disclosure
Advance Application of IFRS in an Institution
Intermediate and Advanced lessor accounting
Sub-lessee accounting
Presentation
Disclosure
Sale and leaseback transactions
Determining whether the transfer of an asset is a sale
Transactions in which the transfer of an asset is a sale
Transactions in which the transfer of an asset is not a sale
Disclosure
Business combinations
Acquiree in a business combination is a lessee
Acquiree in a business combination is a lessor
Effective date and transition
Effective date
Transition
Lessee transition
Lessors
Other considerations
Disclosure
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