The Application of IFRS 9 and IFRS 16 Standards
General Objectives:
In response to the evolution of business and transactions carried out, International Financial Reporting Standards continue to be subject to regular reviews and amendments, and it is essential to keep up to date. Therefore, and in order for companies' financial information to be aligned with these changes, this training aims to provide an overview of IFRS 9 and IFRS 16.
Specific Objectives:
At the end of the course trainees will be able to:
- Identify the main challenges of implementing IFRS 9 and assess its impacts on entities' financial reporting;
- Identify the reporting requirements for lease contracts (in the sphere of the lessor and the lessee),
- Identify the main topics to consider in the application of IFRS 16, in the preparation and analysis of relevant financial information.
CONTENTS
Module I - IFRS (International Financial Reporting Standards)
- The Transition to IFRS;
- The IFRS Conceptual Framework;
- Analysis and current framework of IFRS.
Module II - IFRS 9: Financial Instruments
- Introduction and Framework
- Financial Assets - Classification
- Measurement of Assets;
- Transition to IFRS 9;
- Credit Impairment:
- Accounting
- Key disclosures required and eligible in the Annual Report and Accounts.
Module III - IFRS 16: Leases
- Definition of lease;
- Separation of the various components of the contract;
- Duration of the lease;
- Exemptions;
- Accounting by the lessor;
- Accounting by the lessee:
- Modification of a lease;
- Manufacturer/dealer lessor.
High Skills - Formação e Consultoria
Angola | Cabo- Verde | Moçambique | Portugal | S. Tomé e Princípe
Angola | Cabo- Verde | Moçambique | Portugal | S. Tomé e Princípe
