Ifrs 16 Leases - Beginner To Advance
Last updated 10/2021
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 617.56 MB | Duration: 3h 4m

Learn lease accounting under IFRS 16 and GAAP differences with ASC 842 and IND AS 116
What you'll learn
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
Requirements
Knowledge of basic accounting and financial reporting
Understanding of IAS 17 is a plus but not a prerequisite
Description
Hello and welcome to the course!This course, on the new leasing standard, is designed for both beginners and professionals.All the concepts and terms used in this standard are covered and explained right from scratch, so irrespective if you are familiar with lease accounting or not, this course will help you to gain full understanding from the very basics.Concepts like lease definition, present value of lease payments, implicit rate of interest in the lease, etc. are explained very clearly.Advance topics like understanding of multiple lease components, lease modification, Sublease, Sale and leaseback, Rent concession for COVID-19, etc. all are explained in a very simple and lucid manner.Accounting entries for lessor and lessee along with disclosure in Statement of financial position, Statement of profit and loss, Statement of cash flow, and specific GAAP differences with ASC 842 and Ind AS 116, also form part of the learning objectives.I have made this course so comprehensive that I can promise you that by the end of this course, you will have a clear understanding of all the terms and concepts used in this leasing standard.
Overview
Section 1: Introduction
Lecture 1 Overview of the course
Lecture 2 Discord community
Lecture 3 Why IFRS 16?
Section 2: Lease identification
Lecture 4 Understanding lease
Lecture 5 Identification of underlying asset
Lecture 6 Right to use
Lecture 7 Substitution right
Lecture 8 Lease term
Section 3: Lessee accounting
Lecture 9 Overview to lessee accounting
Lecture 10 Case study lease liability
Lecture 11 Discount rate - IRIL
Lecture 12 Discount rate - IBR
Lecture 13 Case study Discount Rate
Lecture 14 In-substance fixed payments
Lecture 15 Variable lease payments
Lecture 16 Case study VLP
Lecture 17 Residual Value - Guaranteed
Lecture 18 Case study GRV
Lecture 19 Factors for reasonable certainty
Lecture 20 Other important terms and exemption
Lecture 21 Lessee accounting and disclosure
Lecture 22 Case study lease accounting
Section 4: Lessor
Lecture 23 Overview and lease classification Part 1
Lecture 24 Lease classification Part 2
Lecture 25 Case study on lease classification
Lecture 26 Residual Value - Unguaranteed
Lecture 27 Lessor accounting and disclosure
Lecture 28 Manufacturer and dealer lessor
Lecture 29 Case study on lessor accounting
Section 5: Special topics
Lecture 30 Lease componets
Lecture 31 Lease modification Part 1
Lecture 32 Lease modification Part 2
Lecture 33 Case study on lease modification
Lecture 34 COVID Rent concession
Lecture 35 Case study on rent concession
Lecture 36 Sublease
Lecture 37 Sale and lease back Part 1
Lecture 38 Sale and lease back Part 2
Lecture 39 Case study on sale and leaseback
Lecture 40 GAAP Difference
Section 6: Conclusion
Lecture 41 Completion
Anyone who is willing to learn lease accounting and have basic accounting background
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