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IFRS 16 – Leases
Thursday, 2 February 2023 4:00 PM IST

Past Event

Virtual - Webinar

2 Feb.

Thursday, 04:00 pm IST | 1 Days

IFRS 16 – Leases

IFRS 16 specifies how an IFRS reporter will recognise, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. Lessors continue to classify leases as operating or finance, with IFRS 16’s approach to lessor accounting substantially unchanged from its predecessor, IAS 17.

Webinar Details

Date: 2 February 2023

Time: 4.00 pm – 6.00 pm

Cost: Ksh 2,500 per participant, Ksh 2,000 for all group registrations of more than 5 participants

Faciliatators:Tony KinyuaManager | AssuranceKenya

Course Content

Topics covered include:

1. Scope nof IFRS 16 
2. Identifying a lease
3. Lease term
4. Lessee accounting
5. Lessor accounting
6. Sale and leaseback transactions
7. Loss of control


The objectives of the training is to:

i) Define a lease and related terms
ii) Set out how to identify a lease and determine the lease term
iii) Discuss the Lessee and Lessor accounting treatments
iv) Discuss treatment of sale and leaseback transactions and accounting entries for loss of control

Target Audience

All accountants