IFRS 16 - Leases Certification Training

The objective of this course is to provide participants with a clear and practical understanding of the fundamentals, scope, and application of IFRS 16. It is specifically designed for accountants, finance professionals, and auditors who require hands-on knowledge of lease accounting, including recognition, measurement, and financial reporting under the standard. The program focuses on simplifying complex concepts through real-world examples, enabling participants to confidently apply IFRS 16 in their day-to-day roles.

The total duration of the training is 6 hours, offering a concise yet comprehensive learning experience. Participants will also complete a certification assessment at the end of the course to evaluate their understanding and reinforce key concepts, ensuring they are well-equipped to implement IFRS 16 effectively in professional practice.

• Accountants
• Auditors
• Finance Professionals
• Controllers
• Regulators

On successful completion of the course, you will receive a Course Completion Certificate from GraspSkill 

1. Understand the fundamentals and practical application of IFRS 16
2.  Apply the single lessee accounting model with Right-of-Use (ROU) assets and lease liabilities 
3.  Accurately account for depreciation and interest instead of traditional rent expenses 
4.  Analyze the impact of IFRS 16 on EBITDA, gearing ratios, and financial performance 
5.  Gain expertise in lease recognition, measurement, and reporting 
6.  Handle complex areas such as discount rates (IBR), lease modifications, and exemptions 
7.  Manage large lease portfolios across industries like retail, aviation, and telecom 
8.  Support strategic decisions such as lease vs. buy analysis 
9.  Ensure compliance with global accounting standards across IFRS-adopting countries 
10.  Enhance career opportunities in roles like Financial Controller, Auditor, and Lease Accounting Manager 
11.  Improve financial reporting transparency and stakeholder communication 
12.  Develop skills to align accounting standards with regulatory requirements 
13.  Gain exposure to related concepts like IFRS 9 and provisioning approaches 
14.  Understand integration of stress testing and forward-looking financial analysis 
15.  Strengthen overall expertise in financial reporting and risk assessment

He is a seasoned finance professional with extensive expertise in International Financial Reporting Standards (IFRS) and comprehensive experience applying accounting standards in real-world financial reporting environments. With a strong background in preparing, analyzing and interpreting financial statements under IFRS, he brings practical insights that help learners connect theory with actual reporting practice. Known for his clear and engaging training style, he simplifies complex standards into understandable concepts and real-life examples. His guidance equips professionals to confidently apply IFRS principles and enhance their accounting and reporting proficiency.

By the end of this 6-hour session, learners will be able to:

1. Understand and apply the core principles of IFRS 16, including how to identify, classify, and account for lease contracts from both lessee and lessor perspectives.
2. Perform key lease calculations, such as recognizing right-of-use (RoU) assets and lease liabilities, determining lease terms, and applying appropriate discount rates.
3. Prepare accurate journal entries and disclosures in line with IFRS 16 requirements for financial statements and notes.
4. Exercise professional judgment in complex areas such as lease modifications, short-term leases, non-lease components, and transition options.
5. Apply at their workplace.