Reinforces the principles and enhances your understanding of complex application issues and their impact to financial reporting.
Note: pricing is customised, contact us for more information.
1 day Classroom/virtual
- Finance directors
- Tax controllers
- Senior management
- Finance and tax managers/executives
- Financial analysts
- Regulators, academicians and accountancy students
In this workshop, we aim to provide a clearer understanding (from a lessee’s perspective) that there is more intricacy and complexity to MFRS 16 than just introducing a lease liability and right-of-use asset (“RoU”) to the balance sheet. For lessors, understanding whether MFRS 16 would apply to a contract is critical to a lessor’s business. Gain better insights as we dive into MFRS 16 to examine the details of how it impacts the financial reporting of lessees and lessors.
- Why is it important for both lessees and lessors to apply the definition of a lease correctly?
- How should RoU be tested for impairment?
- Does accounting for sub-leases make sense when both lessor and lessee recognise assets on their respective balance sheets?
- How should a lease contract be bifurcated when it contains non lease components?
- When should a lease liability be re-measured?
- How should the principle in both MFRS 15 and MFRS 16 be applied in a sales and leaseback transaction?
- How does each transition option impact future P&L?
Professional associations recognising PwC CPE points
- Malaysian Institute of Accountants (MIA)
- Malaysian Institute of Certified Public Accountants (MICPA)
- Association of Chartered Certified Accountants (ACCA)