IFRS 16 Lessee Presentation

IFRS 16 Lessee Presentation

In this video, Saket outlines the impact of IFRS 16 on the balance sheet. He provides two examples; one explaining the application of the definition of lease in IFRS 16, the other demonstrates a situation where the contract fails to meet the definition of a lease.
Overview

In this video, Saket outlines the impact of IFRS 16 on the balance sheet, and how to determine the initial recognition and the subsequent measurement of lease liability and of the right-of-use asset.

Key learning objectives:

  • How do we determine the initial recognition and the subsequent measurement of lease liability?

  • How do we determine the initial recognition and the subsequent measurement of the right-of-use asset?

  • What is the profit or loss impact of the lease?

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Summary
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Expert
Saket Modi

Saket Modi

Saket is a financial trainer and consultant based out of London. He specialises in advanced accounting, financial reporting and financial analysis, particularly with regards to International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) and Financial instruments.

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