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IFRS 16: Leases

Master the essentials of IFRS 16 and apply lease accounting with confidence.

Created byTess Ng
BeginnerUpdated Oct 20, 2021

What You'll Learn

  • check_circleUnderstand the scope and objectives of IFRS 16.
  • check_circleDefine key lease-related terms under the standard.
  • check_circleApply recognition and measurement principles for lessees and lessors.
  • check_circleDistinguish between lease and non-lease components.
  • check_circlePrepare disclosures required under IFRS 16.
  • check_circleAnalyze the impact of IFRS 16 on financial statements.

About This Course

This course is designed to give you a solid understanding of IFRS 16 and how to apply its principles in real-world accounting scenarios. IFRS 16 sets the standard for the recognition, measurement, presentation, and disclosure of leases, significantly impacting how leases are reported in financial statements.

Through clear explanations and practical examples, you’ll learn the key terminology, concepts, and requirements of the standard. Whether you’re a preparer or user of financial statements, this course will help you navigate the complexities of IFRS 16 and ensure compliance with its guidelines.

Course Content

3 activities • 1 videos • duration: 1h 29m

  • videocamIFRS 16: Leases
    Duration 89:20

Your Instructor

Tess Ng

Finance Educator

menu_book6 courses
star2,811 reviews

As a senior finance professional with extensive corporate reporting experience and over a decade of financial reporting and accounting experience, Tess has led the implementation of numerous complex accounting standards, including the full implementation of IFRS for a large public corporation. Her accounting experience encompasses a broad range of areas including: internal controls over financial reporting, consolidation, M&A and equity accounting, foreign currency hedging, process improvement, Canadian and U.S. taxation, not-for-profit reporting, and audit. Throughout her career, Tess has also led a variety of training sessions ranging from accounting and regulatory standards to personal finance.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6 out of 5
Student's Choice
220 reviews
  • DF
    David F.
    starstarstarstarstar

    Excellent review of IFRS Leasing rules.

  • GL
    Gary L.
    starstarstarstarstar

    suitable for updating knowledge about lease

  • MP
    Mark P.
    starstarstarstarstar

    Good information for reviewing IFRS 16 mechanics.

  • KJ
    Kevin J.
    starstarstarstarstar

    Good Course but should get more than 2 hours of CPD time

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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