About this E-Learning Course

This course provides an overview of the main requirements of IFRS 16, including:

  • An overview of when IFRS 16 is applicable

  • The recognition exemptions included within IFRS 16

  • How to identify whether a contract contains a lease

  • How to determine the lease term for a lessee

  • What the lease recognition and measurement requirements are for a lessee

  • How to account for sale and leaseback transactions

  • How to present a lease in the financial statements

  • How a lessor should account for a lease

  • How to initially transition to IFRS 16.

Course curriculum

  • 1

    IFRS 16 Leases

    • Welcome!

    • Introduction

    • Identifying a lease

    • Recognition exemptions

    • Determining the lease term (lessee)

    • Recognition and measurement (lessee)

    • Presentation (lessee)

    • Transition

    • Lessor accounting

    • Sale and leaseback transactions

How this course can help your business

It is not always easy to determine whether a transaction contains a lease, nor how to apply the detailed requirements in IFRS 16 when accounting for leases as either a lessee or a lessor. This course provides information and examples on how to determine whether a lease exists in a contract, and if so, how you should account for the lease both on initial recognition and in subsequent periods. The course provides numerous examples illustrating different concepts within the Standard to help you identify potential issues with your leases so that you do not end up with a material misstatement in respect of leases in your financial statements.

Meet your course instructor

IFRS Instructor

Aletta Boshoff

Aletta is an Advisory Partner and National Leader of IFRS & Corporate Reporting at BDO in Australia. Aletta has over 25 years’ experience in financial reporting and accounting, including IFRS. Aletta has lectured on financial accounting and reporting, auditing and assurance and taxation at various Australian and South African universities. As an Associate Professor, she authored various financial reporting and accounting textbooks. Aletta also spent several years as a Project Manager at the Australian Accounting Standards Board (AASB).