IFRS: Leases (IAS 17)
AICPA's IFRS Certificate Program
This course is part of the IFRS Certificate Program – a comprehensive, integrated curriculum that will give you the basic training, knowledge, and practical guidance in international accounting standards that are necessary in today's global business environment. Credit for individual courses purchased can be applied to the full program. Click here for information on the complete program.
The purpose of this course is to familiarize you with the guidance for leases as described in IAS 17, Leases. The objective of IAS 17 is to prescribe, for lessees and lessors, the appropriate accounting policies and disclosures to apply to leases that meet the definition of a finance lease or an operating lease.
Upon completion of this course, you will be able to:
- Determine if an arrangement is (or contains) a lease
- Account for the lease as a finance lease or an operating lease, as appropriate, in accordance with IAS 17 Leases
- Understand pending changes to the existing guidance on accounting for leases
Advance Preparation: None
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