About this seminar

This course provides a high-level overview of how lessees and lessors account for leases in accordance with IFRS 16 Leases. The course covers the following topics:

  • How to identify a lease

  • How to determine the lease term

  • Accounting for ongoing changes to leases

  • How to subsequently measure leases

  • Accounting for COVID-19-related rent concessions

  • Impairment testing of lease assets

  • Preparing disclosures required in respect to leases.

How this seminar can help your business

Leases are a common feature of businesses as they provide a cost-effective means of gaining access to essential operating assets. Leases can be structured as stand-alone agreements or embedded in larger agreements that include supply arrangements and/or financing facilities. This course will provide you with an introduction to accounting for leases from both the lessor’s and lessee’s perspective. This course will also help you to identify some of the key challenges preparers face when accounting for leases.

Meet your course instructor

IFRS Instructor

Dean Ardern

Dean has been advising on IFRS and other financial reporting matters for over 15 years. Having worked with a range of clients in both the for-profit and not-for-profit sectors, Dean understands the challenges preparers face. Dean has presented academic and professional training seminars and published papers on various topics in financial accounting and reporting in Australia and internationally. Dean has also participated in various professional liaison and working groups, including the AASB’s Disclosure Initiative Project Advisory Panel and the Institute of Actuaries of Australia’s Insurance Accounting Standards Committee.