Udemy
UdemyIFRS 16 Leases - Beginner to Advance
4.6(2,494)9k studentsALL LEVELSEnglish
Korshub's take
Master Lease Accounting Under IFRS 16
IFRS 16 changed how leases are reported, and this course covers the full standard from fundamentals to advanced topics. You''ll learn lease definition, present value calculations, implicit interest rates, and how to handle complex scenarios like lease modifications, subleases, and sale-leaseback transactions.
The course walks you through accounting entries for both lessors and lessees, disclosure requirements in financial statements, and cash flow impacts. It also compares IFRS 16 to ASC 842 and Ind AS 116, so you understand regional variations.
Whether you''re new to lease accounting or upgrading your knowledge, this course builds the clear understanding needed to apply the standard confidently.
About this course
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.
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