Events

IFRS16 - Leases, the Change in Accounting and Impact on Business Strategies

21 May 2019

Webinar


2pm to 3pm GMT – Clare Jones

Leasing assets remains a flexible source of financing for many entities. IFRS 16 Leases significantly changes the way lessees will account for leases with effect from 1 January 2019. It introduces a new lease definition which results in a right-of-use asset and corresponding lease liability being recognised on the balance sheet for nearly all leases. After attending this webinar you will be able to apply the new lease definition and the new accounting treatment for identified leases and understand the impact on key performance measures and financial ratios.

Key content includes

  • Applying the new lease definition and separating lease and non-lease components
  • The accounting treatment for right-of-use assets and the corresponding lease liability
  • Determining the lease term, considering if reasonably certain to exercise any option to extend or terminate early
  • The two optional exceptions; low value items and short-term leases
  • The impact on the Balance Sheet and the Profit or Loss, key performance measures and consideration of any wider impacts, e.g. covenants.

Registration

To register for this webinar, please sign in to the events section of the Russell Bedford Intranet here and select the relevant webinar.