IFRS 16- Leases

IFRS 16- Leases
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Recorded: September 2021 

Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs. 

This seminar provides participants with an in-depth review of the new lease standard. The entire standard will be covered however more emphasis is on the areas of change which focus on lessee accounting. The starting point will be identifying a lease and separating components of a contract. The lessee coverage will include the principles of recognition, measurement, presentation and disclosure. The likely costs and benefits of the new standard on the lessee will be discussed and the impact on a company’s financial statements and ratios. The lessor coverage will include the classification of leases as finance or operating and disclosure. The topic of sale and leaseback transactions will be reviewed. In addition, recent amendments due to rent concessions as a result of Covid-19 will be discussed.

Participants will have the opportunity to review a number of illustrative examples and exercises. In addition, to help address transitional and application issues the topics related to leases from the IFRS Discussion group and agenda decisions are reviewed.  After attending this seminar, participants will have reviewed the objective and scope of the standard, defined terms, exemptions and transitional requirements.

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

  • Explain the requirements of the new lease standard IFRS 16 for both lessee and lessor.
  • Review the likely costs and benefits of the new standard on the lessee and the impacts on the company’s financial statements and ratios.
  • Explain the impact of transition and required note disclosure.
  • Identify potential transitional and application issues.
  • Identify impact of rent concessions as a result of Covid-19
  • List relevant resources (with links).


  • Overview of reasons for the change, and what has changed
  • Introduction to IFRS 16 - objective and scope, defined terms, exemptions, and effective date
  • Identifying a lease
  • Lessee
  • Lessor
  • Sale and leaseback transactions
  • Transitional requirements
  • Impact of IFRS 16 on financial statements and ratios
  • Current developments

Participants would benefit from pre-reading the most recent edition of IFRS 16 contained in the CPA Handbook – Accounting Part I.

Practitioners, financial analysts, and controllers responsible for lease accounting; CPAs interested in understanding the implications of the new lease standard; and Audit committee members.

CPD-7 Hours

4/1/2022 - 3/31/2023 11:59 PM