Practical Approach to IFRS 15 & 16
Business entities shall prepare a complete set of financial statements to provide the users of those financial statements with appropriate and comprehensive information about the entity’s financial position, performance and cash flows. The International Financial Reporting Standards promote transparent, comprehensive and objective financial information. The new standard may create change for an organization not just in terms of revenue but also in terms of legal contracts, IT systems and interaction between the sales function and accounting function. After many years of waiting, the new leases standard, IFRS 16 – Leases, has finally been published. The new standard will have an impact on all organizations, particularly those with major assets under operating leases.
How will this be presented?
The course is presented with the support of industrial case studies to deliver the main concepts. Apart from that basic theory, concepts and related standards/regulations/guidelines are explained briefly to point out the AIM-related applications in the real-life projects. Powerpoint presentations, group discussions, and sharing of project experiences are formally harmonized during the sessions.