Overview



Explaining the three part definition of a lease

  • Providing you with a decision tree that will help you identify if a contract contains a lease
 

Detailed Objectives


A) Lessee accounting model

  • Understand how to initially calculate the right of use asset and lease liability
  • Understand the subsequent accounting measurements required under the new guidance
  • Distinguish between accounting for a lease modification as a new lease or as an adjustment of an existing lease



 

B) Lessor accounting model

  • Identify if a contract contains an operating or a finance lease
  • Understand how to calculate the finance lease receivable
  • Distinguish between accounting for a lease modification as a new lease or as an adjustment of an existing lease



 

C) Other topics of interest

  • Identify multiple practical expedients offered by the IASB
  • Understand the financial statement presentation and KPI impact due to the new guidance





 

At the end of the e-learning an exam tests your knowledge of the topics discussed during the e-learning.