Shasat, a reputable name in the world of financial education and training, has unveiled an exciting and timely initiative: the IFRS 16 Leases Workshop. This program has been carefully designed to address the seismic shifts in lease accounting brought about by the IFRS 16 accounting standard, a pivotal change that's been hailed as the most significant in over 30 years.

With the introduction of IFRS 16, companies adhering to International Financial Reporting Standards (IFRS) are facing a transformative challenge. The longstanding practice of classifying leases as either operating or finance leases has been overhauled. Now, all leases are to be reported on the balance sheet, fundamentally altering the way businesses account for these financial obligations. It's worth noting that some exemptions still apply, specifically for short-term leases without purchase options or low-value assets.

This shift in lease accounting brings forth an era of enhanced transparency and clarity in financial reporting. Investors will benefit from financial statements that more accurately mirror the economic realities of businesses. This, in turn, simplifies the process of evaluating and comparing companies within the same industry, ultimately supporting more informed investment decisions.

Moreover, the implementation of IFRS 16 (also known as ASC 842 under US GAAP) results in a notable increase in assets, liabilities, and net debt. These changes have a direct impact on key accounting and financial ratios, which can influence a company's appeal to potential investors and its ability to secure essential financing.

For professionals and organizations looking to navigate these complex changes and optimize their financial reporting, the IFRS 16 Leases Workshop is an invaluable resource. It equips participants with the knowledge and skills required to effectively tackle the challenges posed by IFRS 16. The course covers a wide array of essential topics, including determining suitable lease portfolios, understanding asset identification criteria, evaluating lease terms, and accounting for various types of lease payments.

Participants will also gain insight into reassessing lease liabilities in the face of changing lease terms, understanding lease incentives, initial direct costs, and dismantling costs. The treatment of non-lease components in a lease contract and handling onerous leases under IFRS 16 are also addressed. The course further delves into the critical aspect of applying the appropriate discount rate to calculate lease liabilities and offers guidance on where to source these rates.

To accommodate professionals worldwide, Shasat has made the IFRS 16 Leases Workshop accessible through various platforms and locations. This inclusive approach ensures that individuals from diverse backgrounds and regions can benefit from this essential training.

Here is the schedule of upcoming programs by Shasat. However, we recommend you continue to visit Shasat's website for the most up-to-date program schedules.

IFRS 16 For Leases Workshop | GID 32001 | London: September 29, 2023

IFRS 16 For Leases Workshop | GID 32002 | Zurich: November 1, 2023

IFRS 16 For Leases Workshop | GID 32003 | Dubai: November 15, 2023

IFRS 16 For Leases Workshop | GID 32004 | Singapore: October 28, 2023

IFRS 16 For Leases Workshop | GID 32005 | Toronto: December 7, 2023

IFRS 16 For Leases Workshop | GID 32007 | Cape Town: October 7, 2023

IFRS 16 For Leases Workshop | GID 32008 | Sydney: November 24, 2023

IFRS 16 For Leases Workshop | GID 32009 | Miami: December 13, 2023

IFRS 16 For Leases Workshop | GID 32000 | Online: Available on request

For more details and to enrol in IFRS 16 Leases Workshop, please visit:
https://shasat.co.uk/product-category/ifrs-16-leases-workshop-1-day/

By participating in this comprehensive workshop, finance professionals and organizations can prepare themselves to meet the complexities of the IFRS 16 accounting standard head-on. This knowledge not only enhances financial reporting accuracy but also strengthens a company's appeal to potential investors and its ability to secure vital financing.

In today's dynamic financial environment, staying ahead of accounting standards is imperative. The IFRS 16 Leases Workshop by Shasat offers an unparalleled opportunity to do just that. Register now to gain a competitive edge in your industry and navigate the evolving world of finance with confidence.