Course Highlights
  • Understanding of leases
  • Lease term
  • Lease liability and Right of use of asset
  • Discount rate
  • Fixed and in-substance fixed lease payments
  • Variable lease payments
  • Guaranteed and Unguaranteed residual value
  • Lessee accounting and disclosure
  • Lease exemptions
  • Lease classification
  • Lessor accounting and disclosure
  • Manufacturer and Dealer lessor
  • Lease components
  • Lease modification
  • COVID - Rent concessions
  • Sublease
  • Sale and lease back
  • Specific GAAP differences with ASC 842 and Ind AS 116
Curriculum

3 Topics
Overview of the course
Discord community
Why IFRS 16?

8 Topics
Understanding lease
Identification of underlying asset
Identification of asset
Right to use
Substitution right
Lease identification assessment
Lease term
Lease term assessment

14 Topics
Overview to lessee accounting
Case study lease liability
Discount rate - IRIL
Discount rate - IBR
Case study Discount Rate
In-substance fixed payments
Variable lease payments
Case study VLP
Residual Value - Guaranteed
Case study GRV
Factors for reasonable certainty
Other important terms and exemption
Lessee accounting and disclosure
Case study lease accounting

7 Topics
Overview and lease classification Part 1
Lease classification Part 2
Case study on lease classification
Residual Value - Unguaranteed
Lessor accounting and disclosure
Manufacturer and dealer lessor
Case study on lessor accounting

12 Topics
Lease componets
Quiz for lease components
Lease modification Part 1
Lease modification Part 2
Case study on lease modification
COVID Rent concession
Case study on rent concession
Sublease
Sale and lease back Part 1
Sale and lease back Part 2
Case study on sale and leaseback
GAAP Difference

1 Topic
Completion

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IFRS 16 Leases - Beginner to Advance

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