IFRS 16 Leases


Non-current assets, needed for our company's operation, can be owned or rented. IFRS 16 standard deals with leases. It defines accounting requirements for lessees and lessors as well. The accounting model for lessees and lessor is not symmetrical. Lessees have to recognise lease liability reflecting future lease payments and a right-of-use asset for almost all lease contracts. On the other side for lessors the accounting model depends on the classification of a lease as operating or finance lease. 

This course is designed to help you understand the definition of a lease, explains what period shall be considered as lease term, explains recognition and measurement exemptions, after which details the lessees accounting as well as the lessor accounting using practical examples and interim tests to enhance understanding. 

This course will enable you to:

  • identify features of a contract which indicate that the contract contains a lease
  • decide whether a substitution right is substantive  
  • recognize suppliers’ protective rights
  • allocate transaction price when separating components of a contract
  • recognize variable payments in a contract
  • identify criteria for recognition and measurement exemptions
  • identify the lease term
  • apply lessee accounting
  • apply lessor accounting

Further information:

  • Training hours: 60 minutes 
  • Languages: English, Hungarian, Russian, Croatian

This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.


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Contact us

Ana Cetkovic

Ana Cetkovic

PwC's Academy Coordinator, PwC Montenegro

Tel: +382 67 643 304