TÜV AUSTRIA Academy - Υπηρεσίες: IATA COURSES - IFRS 16, Accounting for Leases in the Aviation Industry (Classroom, 2 days)

IFRS 16, Accounting for Leases in the Aviation Industry (Classroom, 2 days)

This two-day course covers the implementation issues faced by airlines, shipping companies or other transportation companies, and is also relevant to other industries. Using case studies, examples and exercises, focused on aircraft, property and airport service contracts, our specialist instructor explains and illustrates all of the important issues.

Course format

  • This classroom course provides 2 days (16 hours) of instruction delivered by an official IATA Instructor.
  • Student performance will be based on an assessment

Prerequisites

  • There are no prerequisites for this course
  • Recommended level is Entry-level and Management
  • The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages

What you will learn

Upon completing this course you will be able to:

  • Analyze arrangements to determine whether they contain leases
  • Determine what interest rate is used to discount the lease payments
  • Apply the standard to lease extension, cancellation and mutual agreement options
  • Account for restoration, maintenance and leasing costs?
  • Account for contracts at airports for office space, hangars, lounges, gate areas, and other facilities
  • Understand how to hedge the foreign currency exposure on the financial liability
  • Account for contract modifications
  • Account for lease incentives
  • Understand how to account for contracts based on variables rates like LIBOR.
  • Understand how IFRS and US GAAP differ on leases
  • Understand the transitional provision options

Course content

  • Scope of the standard
  • Recognition exemptions for low cost immaterial and short term leases
  • Identifying leases in an arrangement
  • Initial and subsequent measurement of the ROU Asset and Financial Liability
  • Separating components of an arrangement into lease and service agreement
  • Lessor accounting review
  • Sale and leaseback transactions
  • Presentation requirements
  • Disclosure requirements
  • Transitional provision options

Activities

  • Exercises including calculations and journal entries
  • Application of the standard to complex scenarios
  • Case studies on key implementation issues
  • Group discussions of complex issues

Who should attend

This course is recommended for:

  • Airline or other transportation industry finance or system professionals involved in the implementation of IFRS 16, Leases
  • Auditors of the transportation industry
  • Analysts, bankers and investors focused on the transportation industry

Certificate awarded

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.

 

Course pricing Regular Price: $950

Members IATA Price: $855

 

You can contact us: Tel: +30 210 5220920 (int. 224 or 216) and email: athens-iata-rtp@tuv.at

 

About IATA Classroom Training

We train more than 10,000 aviation professionals annually through our global network of IATA Training Centers, Regional Training Partners, and in private in-house sessions. Our 300+ classroom courses are developed using IATA’s unique industry insight and delivered by IATA Instructors, experts in their fields. More

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