Webinar “IFRS 16 Leasing – Lessee Accounting”

On April 16 at 12.00 a webinar “IFRS 16 Leasing – Accounting by the lessee” will take place.

The host of the webinar is Maria Plyusnina, senior manager of ADE Professional Solutions, partner of UCMS Group, a company with many years of experience in developing methodology and preparing financial statements in accordance with IFRS.

In our webinar you will learn :

• what are the main changes in the lease accounting treatment for the lessee;
• what simplifications for lease accounting can be used;
• what payments should be included to the schedule for calculating the lease liability;
• how to account for the revaluation and modification of the lease liability;
• how to disclose leases in financial statements.

This webinar will be interesting for:

• financial directors;
• chief accountants;
• specialists in IFRS;
• specialists and heads of economic planning departments;
• specialists of the internal control (audit) department.

Why now?

Effective 1 January 2019, IFRS 16 Leases became mandatory. IFRS 16 significantly changed the approach to accounting for a lease on the side of a lessee. As part of the new standard, the classification of lease into finance and operating lease has been removed. As a result of the introduction of IFRS 16, companies are expected to significantly increase their assets and liabilities on the balance sheet, as well as change the structure of expenses in the income statement.

Also in December 2018, the State Duma of the Russian Federation approved FSBU 25/2018 “Lease Accounting”, mandatory for use from 2022 with the possibility of early application. The principles of IFRS 16 and FSBU 25/2018 are similar.

The application of the new accounting rules can significantly increase the labor costs of the company’s employees and require changes in the business process for maintaining the register of lease agreements.

After the webinar, you can ask questions online.

registration