You will study this course 100% online. It comprises a range of activities including:
- Finding out about an effective way to identify a lease
- Applying the principles of the standard to simple lease agreements
- Undertaking activities to help you to reflect
- Reading extracts from texts and academic journals
- Links to the background and development of the standard
There is no obligation for you to undertake every activity, but being involved in all aspects of the course will help you to achieve a well-rounded knowledge of the IFRS 16, International Financial Reporting Standard.
There is no graded assessment. Instead, you will receive a badge for each completed Unit, and then upon completion of the whole course, you will be awarded with an e-certificate.
An accredited provider of the CPD Standards Office
We are proud to be an accredited provider of the CPD Standards Office for our online short courses and free courses, demonstrating that they conform to CPD best practice and are appropriate for inclusion in a formal CPD record.
Course units
The course is made up of 2 units, each will require approximately 3 hours of study.
The content of unit is guided by professionally recognised theory and evidence:
In this unit, you will look at the classification requirements in accordance with IFRS 16 and will explore key concepts for example a lease, right of use, lease term and lease payment. This unit also covers current classes of lease contracts and ways of identifying whether a contract is a lease contract or service contract.
This unit pays close attention to recognising and measuring basic lease arrangements for lessee’s and compares the impact on the financial statements under the existing standard and the new standard.