FBK Grant Thornton on Accounting for Leases under IFRS 16

The Department of Assurance and Advisory to Financial Institutions at FBK Grant Thornton has arranged a webinar titled “Accounting for Leases under IFRS 16: Complicated Issues in Examples and Case Studies”.

Maksim Chikishev, the Head of Advisory to Insurance Companies, noted that the effective IFRS on leases is rather new for the market, so it is natural that its practical application is controversial and requires professional judgement.

“Today, we have looked at specific examples to address the most complicated aspects of accounting for leases under IFRS 16 and answered questions from the audience,” he said.

Senior Expert Dmitriy Popov focused on the practical side of accounting for leases, i.e. how to determine the lease term, account for lease payments in the form of natural products and treat variable lease payments.

Expert Alexandra Budanova analysed a case of an increase in the lease term with a digital example and entries.

Recordings of most webinars are available in the Events section of our website where you can find materials useful for businesses, especially during lockdown restrictions.

You can watch the video recording here https://youtu.be/uREG0cnqpLI