IAS 16 Leases: New Requirements and Comparative Characteristics

Workshop 2: IFRS 16 Leases: New Requirements and Comparative       characteristic with IAS 17 “Rent”       (14: 00-18: 30)       The program of the seminar:       1. Comparison of the scope and definition of leases in IAS 17 “Rent” and       IFRS 16 “Leases”.       2. Criteria for the identification of the contract as a whole or its individual components       as a lease.       3. Key changes in the procedure for recording asset lease transactions with       the tenant in accordance with IAS 16 “Leases”.        Lease term, lease payments and discount rate        Initial measurement and recognition of an asset lease liability.        Initial recognition and determination of the cost of an asset in       quality of the right to use it.        Definition and reflection in accounting and reporting of the value of an asset as       rights to use it, as well as lease obligations for subsequent       reporting date.        The envisaged simplifications to account for individual lease transactions.       4. Features of the reflection of the lease of the asset from the lessor in       in accordance with the new IFRS 16 “Leases”.       5. Revaluation and modification of leases       6. Procedure for transition to IFRS 16 “Leases”.