Training
Accounting and assurance standards – Lease
Length: 3 h 30
Updated training for 2025-2026
Summary
Leases are used both for the temporary acquisition of premises and equipment and for the financing of tangible assets. Section 3865 – Leases governs their accounting, whether the entity acts as lessee or lessor.
This training provides a comprehensive review of the applicable provisions, classification criteria, and measurement methods. Through practical examples, participants will consolidate their knowledge and strengthen the quality of their files in review and audit engagements.
Training Objectives:
- Understand and apply the requirements of Section 3865 for lessees and lessors.
- Identify classification criteria and their financial impacts.
- Master the accounting methods and presentation of incentives, rent-free periods, and initial direct costs.
- Assess the impact on financial statements and engagement documentation.
- Integrate disclosure requirements and sample note models.
Agenda
Identify, understand and apply new accounting rules in financial reporting
- Lessee:
- For operating leases
- For capital leases
- Lessor:
- For operating leases
- For financing leases
- For sales-type leases
- Sale-leaseback transaction
- Leases involving land and buildings
- Accounting for incentives and freebies
- Initial direct costs
- Classification in the financial statements
- Financial statement disclosures
- Different models of notes
- Documentation for review engagement files and audit files
Last but not least
- Presentation of the changes made to the Paradigme Questionnaires
- Practical examples:
- Example figures for each type of lease
- Lessee
- Lessor
- Sale-leaseback transaction
- Examples of calculation of implicit lease interest rate versus marginal interest rate
- Examples of discounting minimum lease payments
- Illustrate the various criteria provided in the decision tree
- Examples of notes to the financial statements
- Example figures for each type of lease
- Discussion with participants
Results for Your Firm
- Stronger understanding and application of lease accounting rules.
- Reinforced documentation for more complete and compliant files.
- Practical tools to improve efficiency and reduce risk of errors.
- Added value for your clients with more structured and transparent financial statements.
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