Leasing revolution in IFRS 16" "Leasing" "and differences to the Polish accounting law
Why does IFRS 16 affect almost all of the most commonly used financial indicators of a company?
We invite you to the training "Leasing revolution in IFRS 16 "Leasing" and the differences to the Polish balance sheet law", during which we will tell you about the new standards as well as what has changed in the existing financial reporting standards.
For interested clients, we also offer the above-mentioned training in a closed form, adapted to the participants of a given company.
The application of the standard is a challenge both for the financial departments and for the entire organization, because implementation requires the introduction of appropriate changes in operational processes and IT systems in order to collect and process relevant data, in particular in the case of entities that have a significant number of leasing contracts.
Training program:
1. Introduction, including the rationale for publishing the new standard
2. Scope of the standard and exclusions from application
3. Identification of the lease agreement (including lease built into another agreement)
- the definition of a lease in IFRS 16
- practical examples of the application of the definition
- separation of leasing and other components, including in lease agreements
4. Recognition of the lease by the lessee - the right-of-use model
- initial recognition and subsequent valuation of the right of use and lease liabilities
- types of fees (fixed, variable, de facto fixed) and their recognition
- the impact of changes in fees on the valuation of assets and liabilities
- estimating the lease period, agreements for an indefinite period
- possible approaches to the discount rate
- presentation in the financial statements and disclosure
- practical aspects of applying the standard's requirements - leasing in foreign currency, the right of perpetual usufruct of land
5. Accounting for modifications to lease agreements (increasing and decreasing the scope)
6. Amendments to IFRS 16 with regard to concessions related to Covid-19 - practical application, including concession resulting from the regulations of the "anti-crisis shield"
7. Recognition of the lease by the lessor:
- division of leasing into financial and operational
- operating lease - recognition, valuation, presentation, disclosure
- financial leasing - recognition, valuation, presentation, disclosure
8. Sublet agreements
9. Sale and leaseback
10. Differences in relation to the provisions of the Accounting Act and KSR 5
Lecturer:
Katarzyna Gospodarczyk-Chlastawa, Director in the Audit and Accounting Consultancy Department of PwC.
Katarzyna specializes in auditing financial statements and advising leasing companies and investment funds as well as other institutions of the capital market and the financial sector. She has theoretical and practical knowledge both in the field of Polish accounting policies and International Financial Reporting Standards. She is characterized by a very good knowledge of legal regulations and the principles of functioning of capital market institutions in Poland. She has Polish qualifications of a statutory auditor, entered in the Register of statutory auditors. She has conducted numerous training courses for both PwC employees and clients. Currently (since 2010) she is a member of the PwC technical team and specializes in servicing the financial sector and IFRS. She takes part in global discussions on changes and new IFRS standards.
- Training date
- Location
- Participation cost
Training date
Details soon.
Location
PwC Headquarters, 11 Polna St., 00-633 Warsaw
*As a result of the epidemiological situation, it is likely that the training will be conducted in a live-online format.
Participation cost
The amount of the training is 790 PLN gross.
There is a possibility to obtain a discount of 10% for more than 1 participant from the same company or individually after consultation.
Contact us
Trainer, Senior Manager, MBA, CFA, ACMA/CGMA, CIA, PwC Poland
Tel: +48 519 062 937
