IFRS 16 Leases - Beginner to Advance (Udemy.com)
Learn lease accounting under IFRS 16 and GAAP differences with ASC 842 and IND AS 116
Created by: Abhishek Agrawal
Last updated November 2022
What you will learn
- Understanding of leases
- Lease term
- Lease liability and Right of use of asset
- Discount rate
- Fixed and in-substance fixed lease payments
- Variable lease payments
- Guaranteed and Unguaranteed residual value
- Lessee accounting and disclosure
- Lease exemptions
- Lease classification
- Lessor accounting and disclosure
- Manufacturer and Dealer lessor
- Lease components
- Lease modification
- COVID - Rent concessions
- Sublease
- Sale and lease back
- Specific GAAP differences with ASC 842 and Ind AS 116
How it compares
Against the other 200 rated Udemy courses in Accounting on CourseDuck:
- Rating4.5 out of 5higher than 49% of them
- Reviews2,565#25 of 201 by number of reviews
- Length3.1 hoursshorter than 75% of them
- Last updatedNovember 2022earlier than 54% of them
Course Description
Hello and welcome to the course!
This course, on the new leasing standard, is designed for both beginners and professionals.
All the concepts and terms used in this standard are covered and explained right from scratch, so irrespective if you are familiar with lease accounting or not, this course will help you to gain full understanding from the very basics.
Concepts like lease definition, present value of lease payments, implicit rate of interest in the lease, etc. are explained very clearly.
Advance topics like understanding of multiple lease components, lease modification, Sublease, Sale and leaseback, Rent concession for COVID-19, etc. all are explained in a very simple and lucid manner.
Accounting entries for lessor and lessee along with disclosure in Statement of financial position, Statement of profit and loss, Statement of cash flow, and specific GAAP differences with ASC 842 and Ind AS 116, also form part of the learning objectives.
I have made this course so comprehensive that I can promise you that by the end of this course, you will have a clear understanding of all the terms and concepts used in this leasing standard.
Instructor Details
- 4.5 Rating
2,565 Reviews
Abhishek Agrawal
Hello! I am Abhishek Agrawal and I am happy that you are curious about me and reading this introduction of mine!
Professionally, I am a Chartered Accountant and a Graduate in Commerce. I have over 15 years of experience in providing accounting and assurance services in various specialized industries like telecom, aviation, power, oil refining, shipping, IT, ITes, etc. I have spent the last 10 years working with one of the Big4 and now have decided to share what I have learned with learners like you.
In all my courses, you will find practical examples that you can relate to your workplace, and which will help you to grasp and learn the concepts quickly.
Over the years I have learned, that keeping things simple will help you to solve the most complex problems and you will experience this in all of my courses.
I am looking forward to seeing you in the course until then happy learning.
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Reviews
By Mark Fossey on 2/9/2026
Good knowledge and teaching in there, certainly shows me areas where I need to work - issue was that case study examples did not match corresponding solutions at the end of the course, leading to lost time and confusion as incorrect/insufficient data was given
By Emad Aldeen Abdulmonem Mohammed Ali Zaid on 5/1/2025
I have now an update in the rental rules as I work in this department in my organization and I have refined my experience but I wish that there are more applications and more practical models as the lecturer for me is excellent but a bit fast for me as my language level is not at the big level but I thank him very much he is all his team thanks
By Mahima G Shetty on 3/31/2025
The class is well structured and has covered major aspects very well, loved the examples and case studies incorporated in between. The quick reference card would be very useful. Expected some more details on subsequent measurement and accounting - after modification which is missing in my POV. Apart from this, it would've been great if we were given an option to download the ppt presented during the course for future reference.
By UTTARA PITALE on 3/6/2025
It was a well-designed course that took me thru lease accounting, identifying leases, classification of leases and accounting procedures to follow. The instructor has explained everything very clearly and in a very easy to understand way. I am happy to have taken this course and hope to use it in my career in future.
By Mohammad Yusuf Shaikh on 2/1/2023
Concept was clear and the way in which all the lease aspects were explained was extremely good. Will be useful for all and specially from them who are the part of lease accounting. However, who are new to lease accounting need a lot of practice to understand concepts in a better way.
By Alan Brian Mogliani on 1/2/2023
This course was excellent in my opinion - I work close to Lease Accounting but not from an accountant's standpoint and many of the concepts that were unknown to me are now a lot more clear. This course has been very helpful to me and I'm sure that for someone that is more accounting oriented it will be a superb tool.
By Anonymized User on 10/20/2022
Very interesting. However in Section 5.38 Sale & Lease Back-Part 2 it looks like the author forgot to provide the slides and example explanation for the 2nd scenario for case if sale value is lower than fair value. It would be perfect if this missing education materials would be provided by author. One more remark: in Section 2 .8 Lease Term test 3 in the text of question 1 there is a missing question that should be answered, i.e. situation was described and additional information was provided but the question to be responded by students is missing there. It would be great to check it and complete it.
By Oghenerukevwe Ohwojero on 2/18/2022
He is explaining in a way that makes it simple. I hope it continues to the computation of lease liabilities and right of use asset as well as lease modification. This is interesting. Never thought leases could sound so profoundly simple. This was well taught. In practice, we will not have one ROU though. It would be a collection of over 50 ROUs. Are we supposed to be computing all these schedules for just one ROU? isnt there a formula that can be dragged for the situtation involved?
By Ntsako Mpelane on 1/23/2022
When I started the course I had no clue as to what IFRS 16 is about, having done the course thus far I'm very pleased to say I now have a clear understanding of IFRS 16.I'm so glad and thankful for the course thus far as I will be in a better position to perform my duties perfectly . Thank you.
By Yaichiro Oguri on 9/16/2020
I am a junior accountant In Japan and recently assigned to the lease-related project. I have studied about IFRS in university, but I did not know that much about this lease accounting standard, so I took this course. I thought IFRS 16 is a complex and profound topic, but thanks to Abhishek's lectures, it figures out that is not that hard. I will need more time to exploit this knowledge into my job, but what I learned in this course will surely help me in my career.
Quality Score
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Overall Score : 90 / 100






