Workshop Overview

This one-day workshop provides a deep dive into the accounting treatment of leases under SFRS(I) 16 Leases, helping professionals navigate the complexities of lease recognition, measurement, and disclosure. Participants will gain hands-on experience through Excel-based illustrations, covering critical aspects such as lease term determination, right-of-use (ROU) asset and liability calculations, lease modifications, and transition requirements. The session blends conceptual discussions with practical applications, ensuring attendees leave with the skills to accurately implement SFRS(I) 16 in real-world scenarios.

This course will require participants to bring along their Laptop to complete illustrations on lease accounting using Excel.

Your laptop should be installed with Microsoft Excel 2010 and above with full installation. Participants should have basic knowledge of Excel.

Workshop Topics Covered

This intensive one-day workshop will provide a practical, hands-on approach to implementing SFRS(I) 16 Leases, with a strong focus on real-world application using Excel. Key topics include:

1. Fundamentals of SFRS(I) 16 Leases

- Overview of the standard, key changes, and rationale

- Differences between Lessee and Lessor accounting

- Impact on financial statements (balance sheet, P&L, and disclosures)

2. Identifying and Classifying Leases

- Definition of a lease under SFRS(I) 16

- How to distinguish leases from service contracts

- Evaluating embedded leases in complex agreements

3. Measurement and Recognition

- Determining the lease term (considering renewal/termination options)

- Calculating the present value of lease payments (discount rate selection)

- Initial and subsequent measurement of ROU assets & lease liabilities

4. Lease Modifications & Complex Scenarios

- Accounting for lease amendments, extensions, and terminations

- Treatment of subleases and sale-leaseback transactions

- Special cases: COVID-19 rent concessions, investment property leases

5. Transition & Practical Implementation

- Transition methods (full retrospective vs. modified approach)

- Excel-based exercises: Computing lease liabilities, amortization schedules

- Common pitfalls and best practices for compliance

Key Takeaways

By the end of this workshop, attendees will:

1. Master the core principles of SFRS(I) 16, including lease identification, measurement, and exemptions.

2. Apply Excel-based calculations to determine ROU assets, lease liabilities, and adjustments for modifications.

3.Understand financial statement impacts and disclosure requirements under the new standard.

Who Should Attend?

This workshop is designed for professionals who prepare, audit, or analyze lease accounting under SFRS(I) 16, including:

✅ Finance & Accounting Professionals

- CFOs, Financial Controllers, Finance Managers – Ensuring accurate lease reporting

-Accountants & Auditors – Implementing and reviewing lease compliance

- Financial Analysts – Assessing the impact of leases on financial statements

✅ Corporate & Legal Teams

- Lease Administrators & Contract Managers – Structuring lease agreements correctly

- Tax & Compliance Officers – Understanding tax implications of lease accounting

✅ Business Leaders & Decision Makers

- CEOs, COOs, Board Members – Evaluating financial impacts of leasing decisions

- Asset & Procurement Managers – Optimizing lease vs. buy strategies

✅ Audit & Advisory Professionals

- External & Internal Auditors – Validating lease accounting compliance

- Consultants & Advisors – Helping clients transition to SFRS(I) 16

This session is especially valuable for professionals who need to apply SFRS(I) 16 in practice, from initial recognition to ongoing reporting. Basic Excel proficiency is required for hands-on exercises.