A practical look at IFRS 16 Leases
Venue Online - Microsoft Teams
Date Tuesday 26th July 2022
Time 09:30 - 12:30
Information In this session we will look at various practical aspects of IFRS S16. The relevant aspects that will be covered are:

  • Scope and exemptions under IFRS 16
    1. Exemptions relating to:
    i. Short-term leases
    ii. Low value assets
  • Definition of lease in terms of:
    i. A right to control
    ii. Identified asset
    iii. Substantive substitution rights

  • Distinction between inception date and commencement date

  • Initial measurement
    1. Right-of-use asset
    2. Lease liability with an detailed analysis on lease payments

  • Subsequent measurement
    1. Right of use asset
    2. Lease liability

  • Lease modifications resulting from:
    1. A change in scope
    2. A change in consideration

  • Amendment on COVID 19 Related Rent concessions

  • Lessor accounting

  • Sub-lease accounting resulting from a:
    1. Operating lease
    2. Finance lease

  • Amendment relating to IAS 12 Income taxes on deferred tax related to assets and liabilities arising from a single transaction
  • Presenter
    CPD Units 3 units on full attendance
    Seats Left 11
    Price Rs 4000
    Booking Deadline Tuesday 26th July 2022
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