Unleash the Lease on your Balance Sheet
The new leases standard – IFRS 16 Leases – requires companies to bring most leases on-balance sheet from 2019. At that time, the accounting treatment of leases by lessees changed fundamentally, and for some, the new standard has had a significant impact on their financial KPIs and their systems and processes. Furthermore, in response to the COVID-19 coronavirus pandemic, the International Accounting Standards Board amended IFRS 16 Leases with respect to the lease modification requirements for rent concessions.
In this first session of our IFRS Series we will delve deep into the requirements of the leases standard with reference to practical examples and also discussing the recent amendments which have been issued by the IASB.
Target Audience: The session is aimed for accounting professionals and financial controllers
By the end of the session participants would be knowledgeable on the requirements emanating out of IFRS 16, including the measurement of the lease liability and right-of-use asset.
Time: 14:00 – 17:00
Venue: Live online session – details of how to join the meeting will be sent once registration is complete
CPE Hours: This course qualifies for 3 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.
Georges Xuereb is a Manager at KPMG Malta and forms part of the firm’s Accounting Advisory Services team providing technical IFRS advice and assistance to clients. Georges also delivers technical training on IFRS matters and lectures the Financial Reporting (FR/ F7) module which forms part of the ACCA qualification.
- Guided Learning 3 hours
- Language English
- Assessments Not Applicable