Ultimate IFRS 16 Masterclass
A life-saver for Accountants, Auditors, and Finance Controllers. Bypass the complexity of both lessee and lessor accounting with concise, easy-to-understand explanations designed for busy professionals.
Created by Imad Uddin, FRM · Founder of IFRSMasterclass.com & FAAS Leader
Trusted by finance professionals globally.
About This Course
Who Is It For?
Finance Directors, Controllers, Audit Managers, and Accountants managing complex corporate lease portfolios from both the lessee and lessor perspectives.
Prerequisites
A desire to bypass complexity and a foundational understanding of basic accounting principles.
Course Description
Are you still struggling with IFRS 16 complexities? You don't need to. In today's competitive job market, just being qualified isn't enough. The Ultimate IFRS 16 Masterclass is packed with simple explanations, helpful examples, and practical Excel modeling exercises. The end goal is to empower you with tangible knowledge in the least amount of time, helping you jump into the top tier of finance professionals who can confidently handle complex lease portfolios, dual-perspective accounting, modifications, and audit-ready applications.
What You Will Learn
Master the fundamentals of identifying a lease and applying practical expedients.
For Lessees: Calculate Initial Measurement perfectly (Right-of-Use Assets, Lease Liabilities, and Discount Rates) and navigate complex modifications.
For Lessors: Confidently classify and account for Operating and Finance leases, including manufacturer/dealer setups.
Demystify complex Sale-and-Leaseback structuring and intermediate sublease accounting.
Seamlessly handle presentation and disclosure requirements for both parties.
Course Curriculum & Modules
Part 1: The Fundamentals of IFRS 16
01
Section 1: IFRS 16 Introduction
Lay the groundwork for understanding the standard.
02
Section 2: Identifying a Lease
Core concepts, lease vs. service contracts, and identifying lease components.
Q1
Quiz 1
Test your knowledge on lease identification.
Part 2: Lessee Accounting – Initial Measurement
03
Section 3: Exemptions & Practical Expedients
Short-term leases and low-value assets.
04
Section 4: Lease Liability
Calculating present value, fixed vs. variable payments.
05
Section 5: Right-of-Use (ROU) Asset
Initial direct costs, incentives, and restoration costs.
06
Section 6: Discount Rates
Implicit rate vs. Incremental Borrowing Rate (IBR).
Q2
Quiz 2
Concept check on lessee initial measurement.
Part 3: Lessee Accounting – Subsequent Measurement & Modifications
07
Section 7: Subsequent Measurement
Depreciation of ROU asset and interest on lease liability.
08
Section 8: Remeasurement & Reassessment
Handling changes in lease terms and index rates.
09
Section 9: Lease Modifications
Accounting for scope increases, decreases, and changed considerations.
Q3
Quiz 3
Assess your lessee modification understanding.
Part 4: Lessor Accounting – Classification and Measurement
10
Section 10: Lessor Classification Principles
Operating Leases vs. Finance Leases.
11
Section 11: Finance Lease Accounting
Net investment in the lease, selling profit, and interest income.
12
Section 12: Operating Lease Accounting
Straight-line income recognition and initial direct costs.
13
Section 13: Manufacturer or Dealer Lessors
Specialized accounting for sales revenue and cost of sales.
Q4
Quiz 4
Test your knowledge on lessor accounting rules.
Part 5: Complex Scenarios & Disclosures
14
Section 14: Sale and Leaseback Transactions
Structuring, measuring the ROU asset retained, and off-balance-sheet risks.
15
Section 15: Subleases
Accounting for intermediate lessors (classifying the sublease by reference to the head lease ROU asset).
16
Section 16: Presentation and Disclosures
How to correctly present and disclose in financial statements for both Lessees and Lessors.
Q5
Quiz 5
Final knowledge check on complex scenarios.
Part 6: Bonus Module (Templates & Practical Exercises)
B1
IFRS 16 Lessee Calculation Template
Ready-to-use model for ROU and Liability amortization.
B2
Lessor Finance Lease Amortization Tool
Excel template for tracking net investment.
B3
Lease Modification Tool
Excel template for recalculating modified lessee schedules.
B4
Practical Exercises
Hands-on application for initial measurement, modifications, and dual-party scenarios.
What's Included
Instant Access
Begin learning immediately upon enrollment.
Downloadable Toolkits
Exclusive access to calculation templates for both lessees and lessors.
Hands-on Practice
Real-world exercises to give you on-the-job insights.
Knowledge Checks
Dedicated quizzes to clear misconceptions and ensure accuracy.
Career Enhancer
A verifiable Certificate of Completion to showcase your credentials.
Risk-Free Enrollment
7-day, no-questions-asked money-back guarantee.
Meet Your Instructor
Imad Uddin, FRM
Founder of IFRSMasterclass.com & FAAS Leader
Imad Uddin has a passion for simplifying IFRS and developing a strong conceptual understanding for his students. He leads Financial Accounting Advisory Services at a reputable firm in Dubai. He founded IFRSMasterclass.com with one goal in mind: to help professionals quickly master IFRS and advance their careers without the usual headache.
What Professionals Say About the Trainer
“Your knowledge astounds me. Never I have seen such depth into such a complex subject.”
(Prof) Dr. Steven Firer
“Thank you Imad for the insightful 2 days. Well delivered 👌.”
Maria Phooko
“Fantastic sessions you run on IFRS 17 & 9. Professionally delivered and well received by learners. Keep up the good work. Lots of your learners are asking for your contact, I will share. Thank you so much Imad Uddin Shaikh.”
Prince Sinamane
“It was really informative & comprehensive session, learned a lot from it.”
Uzaif Muhammad Asif
“Thank you so much sir, it was a great session.”
Homil Harani
“It was superb. Thanks Imad Uddin Shaikh.”
Saad Baig
“Thank you Imad Uddin Shaikh. It was excellent.”
Imran Shaikh - FCA
Feedback relates to Imad Uddin's training sessions and programs. It is shared as received, with only minor spelling and punctuation corrections.
Frequently Asked Questions
Who is this course for?
Whether you're an auditor reviewing lease schedules, a controller managing a global portfolio, or an accountant preparing financial statements, this course meets you where you are and propels you forward.
Does this cover both Lessee and Lessor accounting?
Yes. The course is structurally divided to provide deep dives into both perspectives, ensuring you can handle lease agreements from either side of the table.
How long does the course take to complete?
The course is designed for busy professionals. You can bypass the complexity and work through the material entirely at your own pace, going from beginner to expert in just a few days.
Is there a refund policy?
Yes. If you aren’t completely satisfied, let us know within the first 7 days for a full refund. No questions asked.
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