IFRS – 16: Leases
In 2016, listed companies around the world had USD 3.3 trillion worth of leases.
Course Intro:
The International Accounting Standards Board (IASB) issued IFRS 16: Leases in 2016 effective for financial periods beginning on or after 1 January 2019 replacing the previous standard on lease arrangements IAS 17. The change has impacted over USD 3.3 trillion worth of assets around the world, and despite it becoming applicable for over two years now with multiple interpretations and commentaries available in the market, its application is a major trouble since the standard repealed the previous identification and recognition criterion of operating and finance leases.
Course Coverage:
This course has been designed to provide step by step knowledge for application, implementation and maintenance of leases under IFRS-16 with examples for each and every concept/ situation covered.
Starts with the basic knowledge and understanding of what were the reasons for replacing IAS 17 with IFRS 16 and how does the latter differs from the other. The course later takes a deep dive into the identification of leases, lease term and recognition, measurement, presentation and disclosure in the books of lessee and lessor. The course also covers “sub-lease” and “sale and lease back” arrangements in detail.
The course comprises of 7 modules with multiple exercises and quizzes at the end of each module.
At the end of the course, you should be able to:
- identify, recognize, measure, present and disclose assets under IFRS-16
- implement and incorporate IFRS-16 in all industries, particularly those impacted highly by the standard
- comprehend the impact of termination, revision, cancellation and other modifications to leases
- train and mentor your team on leases
Credit Hours
6 Hours
Delivery Channel
eLearning
Certificate
Get a shareable certificate
Difficulty
Beginner to Expert
- Accountants
- Finance Managers
- Valuators
- Accounting Students
- Business Analysts
- Risk Managers
Date and Time:
- This is a self-paced program available 24/7 on the LMS
- One hour Q&A live classes with the subject matter expert twice a month. Unlimited Access available at all times.
Survey:
At the end of each Program we carry out a survey to ensure our participants receive the best of our services.
Certificate:
Participants will receive a successful course completion certificate subject to completion of post training quiz and assignment.
Clients
CICL, Jubilee General Insurance, Jubilee Life Insurance, Dawood Takaful, TPL Life, NICL
Survey:
At the end of each Program we carry out a survey to ensure our participants receive the best of our services.
Trainer:
Ms. Sana Quadri is a Chartered Accountant who is an IFRS Expert with experience of implementing IFRS-15, IFRS-16 and IFRS-9. She has over 13 years of working experience with 10 years at senior management positions in the financial services industry, including, microfinance bank, asset management, private equity, investment advisory and stock brokerage house. She is also an Edtechprenuer brining technology and emotional intelligence to fast forward career progress.
Trainers:
SANA QUADRI
Ms Sana is an experienced process improvement digital solution enthusiast a finance professional who is an IFRS expert She has worked with prestigious organizations in senior positions including in the role of Director Financial Reporting for Telenor Microfinance Bank and Chief Financial Officer for Lakson Investments and Next Capital and remained associated with the financial services industry for over 14 years She has worked on a wider array of projects and with major divisions throughout various sections of the banking industry, including projects on IFRS 16 IFRS 9 and IFRS 15 Based on her extensive financial reporting, presentation, and IFRS implementation experience, she is a trainer for IFRSs and Financial Storytelling techniques and runs a live program on the “IFRS Practical Issues Series” Some of the companies whose professionals she has trained are:
- HBL
- Biafo Industries
- Treet Corporation
- Tapal
- Ubl Funds
- Atlas Funds
- Shan Foods
- Attock Cement
- Macpack Films
- Toyo Packaging
- DIC Pakistan
A few years ago, she took the role of an Entrepreneur and founded Ed Watch with a focus on the critical skills development needs of the present and future workforce Ms Sana was among the team that led the Institute of Chartered Accountants of Pakistan’s ( first ever “Women Inclusion Policy” Ms Sana is a Chartered Accountant and served her three years of article ship period in PricewaterhouseCoopers Pakistan She has been a member of ICAP’s committee on “Economic Advisory and Government Relations” for the last three years and served the “Women’s Committee” for three terms She has also been a member of ICAP’s Committee on Fiscal Laws where she had the chance to research and suggest possible solutions for “Increasing the tax net in Pakistan” Her work was published in “The Pakistan Accountant” under the title; “Time to tackle taxation Jams” in 2018
Fee:
US$200
(Discount available to Corporates or group of individuals please email at contact@34.67.140.246)