Course Detail(A208ET : IFRS 16 Leases: Practical application)

A208ET : IFRS 16 Leases: Practical application

3.50 CPE Hours (Category 1)
Classroom


Programme Objective

To provide participants detailed knowledge of the changes to the leasing standard with practical examples and exercises to illustrate its business impact as well as basic tools to implement.

Programme Outline

The new leases standard will be effective from annual periods beginning on or after 1st January 2019. As Singapore has already announced that it will adopt IFRS identical financial reporting framework for Singapore listed companies in 2018, it is expected that ASC will adopt IFRS 16 shortly as compared to other jurisdictions wherein the standard either need to be endorsed by an advisory group or they follow a different timeline for IFRS implementation.
 
This half-day workshop is designed to cover not only the concepts introduced by the new standard but also the practical issues and business impact that need to be considered by companies in Singapore with lease arrangements.
 
In this workshop, basic tools and templates will be shared with the participants illustrating the accounting change including initial recognition, classification and subsequent measurement.
 
The workshop leaders are from the Accounting and Financial Reporting Advisory Services of PwC Singapore who support clients in implementing leases and other new accounting standards across industries. The speakers have also helped various industries raise their challenges and concerns during the first two exposure drafts.
 
This half-day workshop is designed to answer the following questions:

  • How do you determine if your existing lease arrangement still qualifies as a lease under the new standard?
  • How will the new lease accounting model impact your key financial ratios?
  • How will you perform the various reassessment requirements under the new leasing standard?
  • What are the options, practical expedients and transition requirements that you need to know?
 
The answers to the above questions will be discussed through an interactive workshop with exercises and sharing of basic tools and templates on how to actually apply the requirements of IFRS 16.
 
On top of accounting change, the workshop will also cover insights on some business and cross functional impacts.
 
Training Methodology
Cluster style with quizzes, case studies and exercise
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

CFOs, Finance, Controllers, Supervisors, Accountants, Analysts, Investor Relations, Financial Planning, Procurement, Treasury, Investors

Competency Mapping

Category 1 = 3.50 Hours

Schedule & Fees

Date & Time

03 Apr 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Justo Jesus Namuco

Date & Time

19 Oct 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Justo Jesus Namuco

Date & Time

06 Jul 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Senthilnathan Sampath
Justo Jesus Namuco

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 

Justo Jesus Namuco
Manager, PwC Singapore


Justo Jesus Namuco (JJ) is a Manager from the Accounting Advisory in PwC Singapore with more than 7 years of working experience. He has extensive practical experience across complex IFRS financial reporting, with a focus on revenue recognition, consolidations, joint arrangements, business combinations and leasing based on the latest developments in financial reporting standards. He has helped in advising clients on accounting for complex transactions, reviews of financial statements and assessment of impact of new accounting standards.

His role in the accounting advisory focuses on driving the training initiatives of the group which includes providing customised training solutions to individual professionals and corporate clients from various industries. JJ is also currently one of the speakers in PwC Academy’s accounting and reporting public seminars and tailored IFRS training to clients.

 


Programme Objective

To provide participants detailed knowledge of the changes to the leasing standard with practical examples and exercises to illustrate its business impact as well as basic tools to implement.

Programme Outline

The new leases standard will be effective from annual periods beginning on or after 1st January 2019. As Singapore has already announced that it will adopt IFRS identical financial reporting framework for Singapore listed companies in 2018, it is expected that ASC will adopt IFRS 16 shortly as compared to other jurisdictions wherein the standard either need to be endorsed by an advisory group or they follow a different timeline for IFRS implementation.
 
This half-day workshop is designed to cover not only the concepts introduced by the new standard but also the practical issues and business impact that need to be considered by companies in Singapore with lease arrangements.
 
In this workshop, basic tools and templates will be shared with the participants illustrating the accounting change including initial recognition, classification and subsequent measurement.
 
The workshop leaders are from the Accounting and Financial Reporting Advisory Services of PwC Singapore who support clients in implementing leases and other new accounting standards across industries. The speakers have also helped various industries raise their challenges and concerns during the first two exposure drafts.
 
This half-day workshop is designed to answer the following questions:

  • How do you determine if your existing lease arrangement still qualifies as a lease under the new standard?
  • How will the new lease accounting model impact your key financial ratios?
  • How will you perform the various reassessment requirements under the new leasing standard?
  • What are the options, practical expedients and transition requirements that you need to know?
 
The answers to the above questions will be discussed through an interactive workshop with exercises and sharing of basic tools and templates on how to actually apply the requirements of IFRS 16.
 
On top of accounting change, the workshop will also cover insights on some business and cross functional impacts.
 
Training Methodology
Cluster style with quizzes, case studies and exercise
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

CFOs, Finance, Controllers, Supervisors, Accountants, Analysts, Investor Relations, Financial Planning, Procurement, Treasury, Investors

Competency Mapping

Category 1 = 3.50 Hours

Programme Facilitator(s)

Senthilnathan Sampath
Managing Director
 
Senthil is a Managing Director from the Accounting Advisory Services in PwC Singapore with 16 years working experience. He has extensive practical experience across complex IFRS financial reporting. He specializes in GAAP conversions and technical accounting advice and has worked on accounting conversions with various corporate and financial institutions in Asia, Middle East and United Kingdom.
 
He serves as the key technical director for a number of assurance engagements in the financial services sectors: banks, insurance companies and fund managers. He also performs various training on current accounting topics, and has experience designing and managing highly participative programs on IFRS training.
 
Justo Jesus Namuco
Manager, PwC Singapore


Justo Jesus Namuco (JJ) is a Manager from the Accounting Advisory in PwC Singapore with more than 7 years of working experience. He has extensive practical experience across complex IFRS financial reporting, with a focus on revenue recognition, consolidations, joint arrangements, business combinations and leasing based on the latest developments in financial reporting standards. He has helped in advising clients on accounting for complex transactions, reviews of financial statements and assessment of impact of new accounting standards.

His role in the accounting advisory focuses on driving the training initiatives of the group which includes providing customised training solutions to individual professionals and corporate clients from various industries. JJ is also currently one of the speakers in PwC Academy’s accounting and reporting public seminars and tailored IFRS training to clients.

 

Upcoming Schedule

Registration is closed

Date & Time

03 Apr 2018 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 320.00
For Non-Members: $ 370.00

Programme Facilitator(s)

Senthilnathan Sampath
Justo Jesus Namuco

Venue

Marina One, East Tower 7 Straits View
Level 11, L&D Training Room
Marina One, East Tower
Singapore 018936