Course details
Course Overview: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 introduction of 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.
Are you prepared?
Key Takaway:
- Particpants will have thorough understanding of IFRS 16 to enable professionals to prepare the financial statements as per the new standard.
- Familiarise 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 ;
Eligibility / Requirements
- Basic Accounting Knowledge
- Previous knowledge of IFRS standards
- Secondary Qualification
Job roles this course is suitable for:
Accountants , Auditors , Book Keepers , CFO , Bankers , Financial Institution Officers , Islamic Finance Professional , Treasury Professional , Chartered Accountant , ACCACourse Location
About Accountants and Auditors Association
Accountants & Auditors Association (AAA) is the national accountancy body of the United Arab Emirates.The Association was established in 1997 through a federal mandate with the key objective of building capacity of the national accountancy and finance profession.
AAA work with authorities and suggests new regulatory standards for the profession.
AAA's Mission is to serve our members, the Profession and Society.
Strategic Partner
The UAE Accountants and Auditors Association (AAA) and the Association of Chartered Certitifed Accountants (ACCA), the global body for professional accountants, have signed a strategic partnership agreement to enhance the finance sector in the UAE by offering the UAE Chartered Accountant (UAECA) Qualification.
The new national chartered accountant qualification of UAE is based on the ACCA Qualification. The exciting opportunity allows you to gain an accountancy qualification which is both nationally and internationall recognized, awarded by two prestigious professional accountancy bodies and gain membership of both AAA and ACCA. See all Accountants and Auditors Association courses
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