ASB 16 Leases is here – all 340 pages of it and its operative from 1 January.
Some have started the journey, many have not. Where-ever you are with your considerations, it’s time to check out the issues and have your questions answered by the experts – submit them in advance or ask them on the day.
There is much more to AASB 16 than simply recognising operating leases on the balance sheet. AASB 16 brings a number of changes beyond the financial reporting process.
The new standard affects almost all businesses (including NFPs). It impinges on reported performance, incentive-based remuneration, grossing-up balance sheets, banking covenants, accounting systems and stakeholder communications. And they’re only a few things you will need to consider in its application.
Join us as we cover:
- Your issues identified
- Key differences between AASB 117 and AASB 16
- What is a lease?
- Exceptions to lease accounting
- Separating the lessee into its components
- Lease term, renewals and modification
- Recognition and measurement rules
- Discount rates
- Accounting for subleases
- ‘Peppercorns’ (service concessions?)
- Transitional provisions, many options
- Lessor accounting
- Case studies and work examples
- Software solutions
- Presentation and disclosures issues and examples
- Implementation considerations
Who is the masterclass for?
Our masterclass has been designed for chief financial officers and their finance teams, audit partners and managers.
Value for money
At GAAP Training, we believe the masterclass’s fee of $770 per person, including GST, offers great value for money. Breakfast, morning tea and lunch are provided, and the day’s training amounts to six CPE/CPD hours.