Accounting with Technical Elements for Lease Agreements
Date: Thursday 26th April 2018
Location: Dublin (provider is Chartered Accountants Ireland)
Cost: €495 pp
This one day course will provide delegates with a detailed overview of IFRS 16 Leases in order to aid their preparation in having to implement the standard from 1st January 2019.
For those delegates from users of financial statements it should provide them a understanding of the impact of the changes emerging from the implementation of IFRS 16 on published financial statements.
The course will illustrate how different aspects of the standard should be applied and, where appropriate, the use of short videos and practical examples will be incorporated into the programme.
|To provide delegates with an understanding of the basic requirements of the new standard in order to enable them apply that knowledge to implementing the changes required under IFRS 16 to their own financial statements.
To ensure that delegates from both lessor and lessee entities clearly understand what the implications of the introduction of IFRS 16 on the financial statements of leasing companies will be
|Preparers, users and directors from listed leasing companies as well as other companies applying international financial reporting standards
It will be presented at a depth so that non experts in financial reporting can understand the changes being implemented so that non Financial Directors of the above entities have an awareness of their implications.
|Background to the development of IFRS 16 Leases
Scope of the standard
Lessee accounting including exemptions, distinction between a lease and a service
contract, the problems of determining the lease term and modifications thereof
as well as the presentation and disclosure requirements for lessees
Lessor accounting including distinction of finance and operating leases, their
accounting requirements as well as the presentation and disclosure requirements
Sale and leaseback transactions – for those classified as sales and those not
The transition requirements of IFRS 16.
Trainer Profile Qualification & Relevant Experience
|Robert J Kirk BSc(Econ), FCA, CPA
Professor of Financial Reporting
Has lectured on both local and international accounting standards for the past 35 years in Ireland , the UK, South Africa, United States, Bahrain, Cyprus and Ghana as well as publishing 14 books on the subject. He has lectured for all of the main accounting bodies and in house for major organizations such as NATO, Pfizer, Microsoft, An Post, RBS, BT, CRH, Royal Mail, Reed International etc as well as presenting on Chartered Accountants Ireland’s student tuition programmes and the post qualification Diploma in Financial Reporting Standards.
He trained as an Irish Chartered Accountant with Price Waterhouse earning first place in his final admitting examinations in 1975 and spent two years as a financial controller within the Shell Group and a further two years as a manager in a medium sized accountancy practice before turning to an academic career.