Completed
Date

Thursday 28 March 2019

Time

8:30 am

Duration

6 hours

Venue

Melbourne

Masterclass Topic

Masterclass unravels AASB 16 Leases complexities

AASB 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.

Read the full overview >

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.

$770.00

This Masterclass is presented by:

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board. He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.

 

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Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients. Carmen is the co-author of ‘Understanding and Implementing the Reduced Disclosure Regime’. Carmen is serving her third three-year term as a member of the AASB.