IFRS 16 Leases - Update & Best Practice

Introduction

IFRS 16 Leases accounting requires nearly all leases to be recognised on the Statement of Financial Position. The measurement requirements may involve challenges, including the discount rate used, the lease term and subsequently measuring the right of use asset and the lease liability.

This webinar will provide an overview of the accounting treatment and consider the impact of current market conditions and the more challenging areas, using illustrative examples.

It is ideal for financial accountants, auditors and other professionals involved in lease accounting.

What You Will Learn

This webinar will cover the following:

• Applying the accounting principles in recognising and measuring a right-of-use asset and corresponding lease liability:
• Assessment of the lease term
• Assessment of variable payments
• Accounting for non-lease components
• Determining the discount rate
• Accounting for modifications
• Applying the principles to more challenging areas:
• Impairment considerations
• Accounting for sub-leases
• Accounting for leases within groups
• Overview of the disclosure requirements

This webinar was recorded on 27th January 2025

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