IFRS 16 Leases - the essentials Recorded


IFRS 16 Leases is probably the most controversial new accounting standard that has been published in the last decade. Its impact from January 2019 is likely to result in billions of additional assets and liabilities on the balance sheet of Plcs with major impacts on some of the key accounting ratios such as gearing and EBITDA.

Venue details:  
Online EU, ,
Start date & time:  
01 January 2017 00:00
End date & time:  
01 January 2022 00:00
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
6.00 Training Tickets accepted
CPD hours:  
Speaker details
First nameLast name


Product type:  
CPD online course
Strategic finance and management reporting

This course was recorded in early 2019

Who should attend

The course is particularly suitable for financial controllers and directors of PLCs who need to implement the new standard and its likely impact on their financial statements. As it will undoubtedly eventually also be incorporated into FRS 102 it should help provide an insight into the issues that accountants currently applying FRS 102 will face in a few years time. No detailed knowledge of the previous standard IAS 17 Leases is required. Delegates are taken right through from basic terminology to the more complicated measurement and modification rules being introduced.

Course overview

  • The definition of a lease
  • The distinction between a lease and a service contract
  • The exceptions of low value and short term leases
  • How to measure 'right of use assets' and 'lease obligations' for lessees
  • How to account for variable payments in a lease
  • How to account for modifications
  • How to account for sale and leaseback operations
  • The minor changes in lessor accounting
  • Disclosure and presentation requirements

Key learning outcomes

By the end of this course, participants will be able to:

  • The essential differences between IAS 17 Leases and IFRS 16 Leases
  • How to identify a lease contract
  • How to apply the appropriate measurement, presentation and disclosure requirements of IFRS 16.
  • Be aware of options available on transition and how to choose between them

Speaker Bio

Robert has lectured extensively within Ireland and Great Britain on accounting standards to such diverse organisations as British Gas Plc, The Post Office, British Aerospace Plc, NATO, Royal Bank of Scotland, Bank of Ireland, John Laing Plc, Barclays Bank, Deloitte & Touche (Dublin) and Reed International Plc. He has lectured on IFRS standards to major companies in Cyprus, United States, Bahrain, South Africa, Zambia and Ghana. He has published 14 books on the subject both in Ireland and GB.