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Overview
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.
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 ...
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
