The updated leasing standard under IRFS is going to be the most important accounting standard change within the accounting profession.
For lessees regardless of a rental agreement if it is a finance lease or an operating lease with IFRS 16 will require ALL leases to be accounted for in the same way. With the creation of new assets and liabilities the replacement of rental expense with interest and depreciation financial information will change for all companies.
With the introduction of a definition of what constitutes a lease as well the adoption of this standard will take a significant amount of planning and time prior to the 2019 adoption date with many organisations around the world making preparations already.
Who should take this course
Participants will have a thorough understanding of IFRS 16 to enable professionals to prepare the financial statements as per the new standard:
- Familiarize with the standard requirement and adjust the work practice as to the new standard - IFRS 16.
- Help professionals to update the IFRS 16 knowledge and to secure employment opportunity with the new standard practice.
- Help professional to meet the IFRS and IAS requirement in their work practices and financial
Note: Training is also available in Arabic by Bilingual Trainers.
About Course Provider
The Accountants & Auditors Association (AAA) is the national accountancy body of the United Arab Emirates. We are a not-for-profit organization and have Undertaken Key strategic initiatives to develop the accountancy and finance profession in the country. The Association was established in 1997 through a federal mandate with the key objective of building capacity of the national accountancy and finance profession in line with best global practices and standard. We actively work with related authorities to propose the accounting and auditing standards in the country , suggest new regulatory standards for the profession. We deploy the highest standards of ethical and professional conduct to our members.
AAA's mission is to serve our members, the profession and society. We support the Ministry of Economy ‘s vision of achieving 100 professionally qualified UAE nationals in the field of accounting practice by the year 2021. Our core values are: credibility and transparency, professionalism, continuing professional development, effective relationship and partnership management, and community & public service.
How to enroll?
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