Learn about IFRS-16 from Grant Thornton’s Associate Director Kapil Arora, one of the IFRS professional.
International Accounting Standards Board (IASB) has recently notified new accounting standard IFRS 16 - Leases, mandatorily applicable from 1 January 2018 and 1 January 2019, respectively. It has also been issued under US GAAP. The standard represents culmination of years of research and deliberation among IASB and FASB.
IFRS 16 represents the first overhaul of lease accounting for over three decades. The IASB has long considered the existing split between operating and finance leases as problematic as it has resulted in too much structuring and off-balance sheet financing. Therefore, IFRS 16 has done away with the operating versus finance lease distinction and requires accounting for all leases to be ‘on-balance sheet’ for lessees.
This IFRS-16 course, with reading materials, and case examples, is designed to help in smooth implementation of IFRS-16. It will provide an introduction to what IFRS-16 is and also analyze the scope and applicability of leases.
Then, it will discuss the accounting treatment and computation both for Lessor and the Lessee. The course will also take you through the presentation and disclosure in the financial statements.
With the knowledge of what IFRS-16 is all about, Associate Director Kapil Arora will discuss the smooth transition to IFRS 16.
With more than 50,000 people in over 130 countries, Grant Thornton is present in 15 cities of India.
At Grant Thornton in India we have designed IFRS 16 training by leveraging our global expertise & knowledge resources.
Kapil Arora, who has an extensive knowledge & experience on IFRS, will take you through IFRS 16 training with his unique story telling approach, which creates a engaging & interesting class experience. Kapil is a qualified ACCA professional with over 10 yrs of experience. He is an active speaker, who has delivered various training sessions to more than 5000 participants from various Industries and different functions/ domains.