Available Dates


IFRS 16 is an International Financial Reporting Standard that introduces a radical new and mandatory approach to lease accounting for lessees: operating leases are no more, and a new ‘right of use asset’ has been created bringing virtually all leases ‘on balance sheet’.

It is now essential that public sector organisations adapt to this new financial reporting standard to ensure you are fully compliant. Whether you’re involved in planning budget options or are involved in preparing the financial statements this expert-led course is the place to start.

Through interactive workshops and examples of best practice, join our public sector focused Understanding IFRS 16 course to help you become more confident with the requirements of the new standard.

Leave the day in a stronger position to apply the IFR16 standard.

trainer photo
Manj Kalar
Public Sector Finance Professional Accountant

Manj Kalar is an independent public sector finance professional accountant with almost 30 years’ experience gained across the public sector.

Manj has worked across several large UK central government departments on implementation of accrual accounting, including both government income (taxes) and expenditure. She led the sub consolidation of Whole of Government Accounts (WGA) working closely with HM Treasury to develop processes for local government. She then worked as the central government and financial management technical manager at the Chartered Institute of Public Finance & Accountancy (CIPFA) and was global head of Public Sector at ...

Read more

Learning Outcomes

  • Gain an understanding of the requirements of IFRS 16 for a lessor and lessee
  • Be able to recognise, measure and disclose a right of use asset
  • Gather appropriate data for audit purposes
  • Learn how to use IFRS 16 within your organisation
All the Understanding ModernGov courses are Continuing Professional Development (CPD) certified, with signed certificates available upon request for event.

Enquire About In-House Training

To speak to someone about a bespoke training programme, please contact us:
0800 542 9414
[email protected]


Collapse all
09:00 - 09:30


09:30 - 10:00

Trainer Welcome and Clarification of Learning Objectives

10:00 - 11:00

Introduction to IFRS 16

  • Understand the reasons for the development of IFRS 16
  • Definition of a lease
  • Definition of a lease term
  • Understand whether a contract is, or contains, a lease
  • Deep dive into the definitions, recognition, measurement, presentation and disclosures of leases
11:00 - 11:15

Morning Break

11:15 - 12:15

Lease Accounting: Lessee Accounting

  • Introduce right of use model
  • Determine discount rates, including incremental borrowing rate
  • Initial measurement of lease liabilities and right-of-use assets
  • Reassessment of lease liabilities, including lease modifications
12:15 - 13:00

Lessor Accounting: Sale and Lease Back

  • Refresh lessor accounting
  • Finance and operating leases
  • Lease modifications
  • Accounting by lessees and lessors
  • ED/2020/4 Lease Liability in a Sale and Leaseback
13:00 - 13:45


13:45 - 14:30

Workshop One: Implementing IFRS16

  • Start putting the theory into action and begin looking at examples of leases
  • Use case studies and examples to help overcome key challenges such as how and where to gather sufficient data
  • Learn from best practice
13:45 - 14:30

Afternoon Break

14:45 - 15:30

Workshop Two: Implementing IFRS16

  • Use further examples and case studies to reinforce learning
  • Highlight best practice
  • Review feedback and develop action plans to use back in the office
15:30 - 16:00

Summary and Next Steps

  • Ask specific questions on lease accounting
  • Finalise an action plan to take back to your organisation
  • Tips and tricks to aid those responsible for gathering information needed to prepare calculations to support lessee and lessor accounting and showcase additional guidance available
16:00 - 16:15

Feedback, Evaluation and Close