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