Description
IFRS 16 on leases will come into force from 2019 subject to its adoption by the EU. The IFRS 16 standard very significantly modifies the accounting of rentals by the lessee by making most rental contracts appear on the balance sheet. This training aims to help you implement this change by providing you with answers to practical questions: which contracts are affected? What accounting should be done? How to make the transition? What are the consequences for reading accounts?
Who is this training for ?
For whom ?
Accounting and financial manager, consolidator, management controller and any person involved in the monitoring and accounting of rental contracts.
Prerequisites
None.
Training objectives
Training program
- Before the face-to-face
- - A self-diagnosis to determine your priorities.
- Situate the challenges of implementing the new rental standard
- - Why a new standard.
- - The impacts on the financial statements and performance indicators of the lessee.
- - The non-symmetrical position of the lessor.
- Identify a rental contract
- - The definition of a rental contract.
- - characteristics to analyze: the right of use; on an identified asset; for a given period; in exchange for a consideration.
- - The distinction with a service contract.
- 4Recognizing lease contracts under IFRS 16 Characteristics to take into account: duration of the contract; discount rate; residual value guarantee; variable payments.
- - Which contracts to capitalize? Accounting for the lessee.
- - Modifications during the contract and their accounting implications.
- - Treatment of contracts with multiple components.
- Dealing with special situations
- - Leasebacks.
- - Subleases.
- Make presentation choices Presentation choices in the account holders’ accounts.
- - The information to be given in the appendix.
- After face-to-face, implementation in a work situation
- - A tool sheet to help you in your practice.
