IFRS 16 introduces a solitary lessee accounting design and requires a lessee to acknowledge assets and liabilities for all leases with a regard to more than twelve months unless the hidden property is of reduced value. A lessee is called for to identify a right-of-use asset representing its right to make use of the underlying rented property as well as a lease liability representing its commitment to making lease payments.

2. IFRS 16 - What does (Financial Reporting
Standards) IFRS 16 do?

3. Continued..
• IFRS 16 introduces a solitary lessee accounting design and requires a
lessee to acknowledge assets and liabilities for all leases with a regard
to more than twelve months unless the hidden property is of reduced
value.
• A lessee is called for to identify a right-of-use asset representing its
right to make use of the underlying rented property as well as a lease
liability representing its commitment to making lease payments.
• The objective of IFRS 16 is to report information that (a) faithfully
represents lease purchases as well as (b) gives a basis for individuals
of economic declarations to evaluate the quantity, timing as well as
the uncertainty of cash flows developing from leases.
• To meet that purpose, a lessee should recognize assets and
obligations arising from a lease.

4. Continued..
• International Financial Reporting Standards 16 specifies
exactly how an IFRS reporter will acknowledge, gauge,
existing, and also disclose leases.
• The standard gives a solitary lessee accountancy version,
requiring lessees to identify assets and responsibilities for all
leases unless the lease term is 12 months or much less or
the hidden possession has a low value.
• The raised exposure of all leases will certainly result in far
better educated financial investment decisions by investors,
as well as to more balanced lease-versus-buy choices by the
administration.
• In addition, IFRS 16 will cause better capital appropriation,
which needs to be helpful for economic development.

6. About IFRS 16 Certification
• IFRS 16 Certification has become an important driving force for
accounting, economic, and political reform in many parts of the
world.
• The convergence of financial reporting standards has considerable
benefits to prepares accounts, for listed companies, investors,
multinational businesses, and the global economy.
• The target audience is professional accountants and auditors,
qualified by their national accounting standards. However, it is
possible for those with experience but no formal qualifications in
accounting and auditing to register for this certificate.
• Those who want a better International Financial Reporting
Requirements Certification can also apply for this certificate.

7. Significance of IFRS Certification in 2020
• IFRS 16 is the international accounting framework for how
public companies prepare and disclose their financial
statements.
• International Financial Reporting Requirements Certification
will help you to understand and explain the structure of the
framework of international accounting.
• Apply relevant financial reporting standards to key elements
of financial reports.
• And identify and apply disclosure requirements for
companies in financial reports and notes. Prepare group
financial statements (excluding group cash-flow statements)
including subsidiaries, associates, and joint ventures.

8. Training Facility in UAE: Dubai,
Abudhabi, Sharjah .
• If you are looking for an IFRS 16 certification course in Dubai,
Abudhabi, and Sharjah in UAE, you are reading the right article.
Zabeel Institute has designed the best IFRS exam preparation
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• This Certification Training offered by Zabeel Institute stands out
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• International Financial Reporting Requirements exam result and
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• Zabeel Institute is well known for delivering several successful
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Whatsapp : 00971505258501
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