Understand IFRS 16 and how it transforms lease accounting for lessees.
IFRS 16 Leases, effective since 1 January 2019, brought a significant shift in lease accounting by requiring lessees to recognize nearly all leases on the statement of financial position. This standard introduces the concept of right-of-use assets and corresponding lease liabilities, enhancing transparency and comparability across financial statements. This webinar provides a clear and structured overview of the standard and its application in practice.
You’ll gain insight into the scope of IFRS 16, the distinction between lease and non-lease components, the new accounting model for lessees, and key considerations such as variable lease payments, exemptions, and determining the lease term. This course is essential for accounting professionals seeking to stay current with IFRS standards and improve their lease accounting practices.
FCCA, HKICPA, MBA
Eunice Chu is an experienced corporate trainer. Equipped with profound knowledge on International Financial Reporting Standards (IFRS), Eunice is a reputable and well-respected speaker of technical seminars and trainings to the commercial sector, finance professional community, universities in Hong Kong and Shanghai, government officers of Hong Kong, Macao, Vietnam, Cambodia and corporates all over Asia and North America. She has also delivered accounting professional qualification examination support classes on financial reporting for over 20 years. Being a seasoned speaker in industry forums, events, conferences and grounded with solid business background, Eunice brings audience insights and inspirations on professional ethics, entrepreneurship, leadership, management and market-relevant topics of the latest business development. Eunice was the Head of Policy of ACCA Hong Kong, acting as a moderator and speaker of high-profile industry events. She also gained extensive senior finance management experience through working as the Regional Finance Director of Sony Music and Revlon Inc. And she had also worked as an auditor in PricewaterhouseCoopers before. She holds a Master and Bachelor degree in Business Administration from the University of London in the United Kingdom and the Chinese University of Hong Kong respectively. She is a fellow member of ACCA, HKICPA, ISCA and SCAA.
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