Testimonials

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

• 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.
• Perform key lease calculations, such as recognizing right-of-use (RoU) assets and lease liabilities, determining lease terms, and applying appropriate discount rates.
• Prepare accurate journal entries and disclosures in line with IFRS 16 requirements for financial statements and notes.
• Exercise professional judgment in complex areas such as lease modifications, short-term leases, non-lease components, and transition options.
• Apply at their workplace.

Details

Why is it beneficial to obtain the IFRS 16 certification?

An IFRS 16 certification course is essential for finance professionals aiming to master the complexities of lease accounting, which was fundamentally transformed by the removal of the distinction between operating and finance leases for lessees. By earning this certification, you gain the technical proficiency to implement the single lessee accounting model, ensuring that almost all leases are recognized on the balance sheet as Right-of-Use (ROU) assets and corresponding lease liabilities. This expertise is critical for accurately calculating and reporting the shift from simple rent expenses to a combination of depreciation and interest expenses, which directly impacts key performance metrics such as EBITDA, gearing ratios, and leverage profiles.

Beyond technical compliance, this qualification significantly enhances your career advancement and global mobility, as IFRS 16 is a high-impact standard across the 140+ countries using IFRS. Certified professionals are uniquely positioned to lead the management of large lease portfolios - common in industries like retail, aviation, and telecommunication - and to provide strategic advice on lease-versus-buy decisions. By demonstrating mastery of complex areas such as discount rates (IBR), lease modifications, and low-value asset exemptions, you become a vital asset for multinational corporations and "Big Four" firms. Ultimately, this certification signals to employers that you can navigate the increased transparency required by modern investors, often leading to senior roles such as Lease Accounting Manager, Financial Controller, or Senior Auditor.

About The Trainer

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.

Frequently Asked Questions