Key details

Cost: $120 /module /user (inc. GST)

Duration: 1.5 Hours

CPD Points: CPA and CA ANZ eligible

About the course

What is AASB 16?

AASB 16 is the Australian Accounting Standards Board (AASB) standard for Leases. This standard defines the accounting requirements for lessees and lessors.

The accounting model for lessees and lessors 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 hand, for lessors, the accounting model depends on the classification of a lease as operating or finance lease.

If you’d like to learn more about AASB 16, please refer to our AASB 16 FAQs at the bottom of this page.

What does our AASB 16 eLearn cover?

This course is a 90 minute eLearning module designed to help you understand the definition of a lease, the lease term, recognition and measurement requirements and exemptions, and the accounting for both lessees/lessors.


How to enrol 

Keen to enrol in our AASB 16 Leases eLearn? Here’s how you can enrol in this course, and other AASB courses with the Training Academy.

Our training is different because

Flexible access from any location convenient to you.

Leverage the power of the PwC global knowledge base.

High quality, interactive training material.

Certificates are issued promptly upon the completion of the course.

Access to course content for up to 6 months from enrolment.

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Course overview

Learning outcomes

After successful completion of this course you will:

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

Qualifications

A Certificate of Completion is provided upon successful completion of the course.

This AASB16 Leases course is eligible to claim professional development points from CPA and CA ANZ.

Prerequisites

There are no prerequisites for this course. Click on the Book Now button to begin the enrolment process.

Who should complete AASB 16 courses?

Our AASB eLearns are industry agnostic and are applicable to most organisations. We can help upskill yourself, your finance team, or your entire organisation in everything you need to know about AASB 16 and other AASB Standards.

Pricing

Price per module per user (AUD) – $88 (inc GST)

How to pay

We offer a variety of payment methods:

  • Direct debit
  • Credit card
  • Cheque

How to enrol

Register for the course via the Book Now button on this page. You will be taken to our online platform to register your details. We will send you an invoice and upon receipt of payment, you will be granted access to your course. 

 

Delivery

Our eLearns are able to be delivered in clusters that are aligned to individual industry or skills needs. We can tailor a cluster to meet your specific upskilling needs. 

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“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

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“Excellent trainers with high level expertise, varied content to keep us engaged and quality resources leave me with confidence that I could implement what I’ve learned.”

“The presenters really helped to link the course material to real life situations. They were very professional and helped make the course very enjoyable.”

“Thoroughly enjoyable learning experience, facilitated to an excellent standard – Well adapted to the diversity of skill within the group.”

Fantastic course professionally run by a ‘real’ auditor working in the field which allowed for a fantastic bridge between theory and practical examples.

“Very informative and enjoyable course. Excellent materials and tools in the course and to take home. Excellent value for money. The trainer did a great job of keeping us engaged and learning. I will do future training through PwC.”

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