Accounting with Technical Elements for Lease Agreements

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Accounting with Technical Elements for Lease Agreements

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Date: Thursday 26th April 2018

Location: Dublin (provider is Chartered Accountants Ireland)

Cost: €495 pp

Programme Overview

 

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.

Programme Objectives

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

 Target Audience

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.

Programme Content

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

for lessor

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

Ulster University

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.

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