Introduction:

IFRS 16 is the International Financial Reporting Standard that establishes the principles for the recognition, measurement, presentation, and disclosure of lease transactions, providing a consistent framework for lease accounting across organizations. It integrates lease identification, right-of-use assets, lease liabilities, financial reporting, disclosure requirements, internal controls, and regulatory compliance to enhance transparency, comparability, and accountability in financial statements. This training program explores the principles of IFRS 16, lease accounting methodologies, measurement models, financial reporting requirements, implementation frameworks, and compliance practices aligned with the International Accounting Standards Board (IASB) requirements. It provides an institutional perspective on how IFRS 16 strengthens financial reporting integrity, improves lease governance, enhances financial transparency, and supports informed financial decision making.

Program Objectives:

By the end of this program, participants will be able to:

• Analyze the principles, scope, and reporting requirements of IFRS 16.

• Evaluate lease identification, recognition, and measurement frameworks under IFRS 16.

• Assess lessee and lessor accounting models, disclosure requirements, and transition approaches.

• Examine the financial reporting, performance measurement, and governance implications of IFRS 16.

• Explore implementation and compliance practices that support effective lease accounting and regulatory conformity.

Target Audience:

• Finance and Accounting Professionals.

• Auditors and Compliance Officers.

• Financial Controllers and Analysts.

• Lease Management Professionals.

• Decision Makers responsible for Financial Reporting and Governance.

Program Outline:

Unit 1:

Foundations of IFRS 16:

• IFRS 16 principles and objectives.

• Scope and applicability of IFRS 16.

• Lease definition and identification frameworks.

• Differences between IFRS 16 and IAS 17.

• Stakeholder implications of IFRS 16.

Unit 2:

Lease Recognition and Measurement:

• Lease identification criteria.

• Right-of-use asset recognition.

• Lease liability measurement.

• Lease term and lease payment frameworks.

• Recognition exemptions and practical expedients.

Unit 3:

Accounting Models and Disclosure Requirements:

• Lessee accounting model.

• Lessor accounting framework.

• Initial and subsequent measurement principles.

• Financial statement presentation requirements.

• Disclosure and reporting frameworks.

Unit 4:

Financial Reporting and Performance Implications:

• Financial statement impacts.

• Financial ratio and performance analysis.

• Budgeting and financial planning considerations.

• Internal control implications.

• Governance and reporting transparency.

Unit 5:

Implementation, Compliance, and Governance:

• IFRS 16 implementation frameworks.

• Transition methodologies.

• Lease data governance.

• Internal compliance and audit frameworks.

• Emerging practices in lease accounting and financial reporting.