IFRS 16 — Leases
Modules of the standard
- Concepts31 publishedNormative and pedagogical mapping.
- Questions340 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers8 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)18 publishedLesson explanations, chapter by chapter.
Practical cases
- Office lease for the lessee: lease liability, right-of-use asset and first yearL1Beginner
- Analysis of a transport contract: lease or service, components, term and exemptionsL2Intermediate
- Extension and floor-space reduction of a warehouse: remeasurement and modificationL3Advanced
- Equipment lessor: classification, finance lease and operating leaseL3Advanced
- Sale and leaseback of the head office and disclosures by the seller-lesseeL4Expert
- Professional file: year-end closing of the lease portfolio of a retail groupL4Expert
Workpapers
- Contract analysis: scope, existence of a lease, components and exemptions
- Lease term and discount rate of the lessee
- Lessee initial measurement: lease liability and right-of-use asset
- Lessee subsequent measurement: lease liability and right-of-use asset
- Remeasurement of the lease liability and lease modification
- Lessor accounting: classification, finance lease and operating lease
- Sale and leaseback transaction for the seller-lessee
- Lease disclosures (lessee and lessor)
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective, scope and recognition exemptions
- Objective of the standardImportant8 questions
- Scope and exclusionsCore12 questions
- Short-term and low-value lease exemptionsCore19 questions
Definitions
- Key definitionsCore12 questions
Identifying a lease
- Whether a contract contains a leaseCore22 questions
- Portfolio application and combination of contractsAdvanced6 questions
Separating components of a contract
- Lease and non-lease componentsImportant13 questions
Lease term
- Lease term and optionsCore18 questions
Lessee: recognition and initial measurement
- Recognition at the commencement dateCore12 questions
- Initial measurement of the lease liabilityCore14 questions
- Initial measurement of the right-of-use assetCore13 questions
Lessee: subsequent measurement, reassessment and modifications
- Subsequent measurement of the right-of-use assetCore17 questions
- Subsequent measurement of the lease liabilityCore13 questions
- Reassessment of the lease liabilityImportant11 questions
- Lease modifications (lessee)Important9 questions
- Covid-19-related rent concessionsSpecialised3 questions
Lessee: presentation
- Presentation by the lesseeImportant10 questions
Lessee: disclosure
- Disclosures by the lesseeAdvanced15 questions
Lessor: classification of leases
- Classification of leases by the lessorCore19 questions
Lessor: finance leases
- Finance lease: initial recognition and measurementImportant13 questions
- Finance lease: subsequent measurementImportant10 questions
- Finance lease modificationsSpecialised3 questions
Lessor: operating leases
- Operating leases: lessor accountingImportant12 questions
- Operating lease modificationsAdvanced6 questions
Lessor: presentation
- Presentation by the lessorAdvanced6 questions
Lessor: disclosure
- Disclosures by the lessorAdvanced13 questions
Subleases
- SubleasesAdvanced6 questions
Sale and leaseback transactions
- Whether the transfer is a saleImportant8 questions
- Sale and leaseback: transfer is a saleAdvanced8 questions
- Sale and leaseback: transfer is not a saleAdvanced6 questions
Effective date and transition
- Transition for lesseesSpecialised3 questions