MFRS 16 Leases deep dive

[wc-ps]
Academy
MFRS 16 Leases deep dive

MFRS 16 Leases deep dive

[wc-ps]
Academy
MFRS 16 Leases deep dive

In brief

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

 

Target audience

 
  • Finance directors
  • Tax controllers
  • Senior management
  • Finance and tax managers/executives
  • Financial analysts
  • Regulators, academicians and accountancy students
 

Objectives

 

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.

 

Agenda

 
  • 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)
 

HRDF claimable

Not applicable

 

Available in

Malaysia

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