About this Course
In December 2010, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued joint proposals to improve the reporting of lease contracts. Following the review of almost 800 comment letters received on the first exposure draft, the two boards decided to re-expose the proposals in a second exposure draft (ED) in the last quarter of 2011. The ED includes major changes to the conceptual and procedural model for the accounting of leases for both lessees and lessors, including the removal of the binary classification of operating and finance leases. The objective of this seminar is to facilitate an understanding of the conceptual model of lease accounting for lessors in the revised ED and to illustrate the application of the requirements relating to lessor accounting.
Programme Outline
The seminar will explain the principles and application of the proposed requirements through decision flowcharts, explanations of the basis of conclusions for critical changes and illustrative examples in the following areas:
Objective of the ED
- The performance obligation approach
- Derecognition approach
- Recognition
- Measurement
- Short-term leases
- Sale and leaseback arrangements
- Presentation
- Transitional issues
Intended For
An Intermediate level programme suitable for Practising Accountants, Non-Practising Accountants and Audit Professionals.
Training Methodology
Lecture style, with Exercises/Case Studies
Course Rating
- /5 from users
Course Enquiry
Course Info
- Course Provider Institute of Singapore Chartered Accountants
- Course Category Business
- Course Price n/a
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