PSAK 73/IFRS 16 - Leases
What’s new?
The new leasing standard PSAK 73 is the most significant accounting change in a generation. PSAK 73 provides new guidance for assessing whether a contract contains a lease or not. The standards will replace both ISAK 8 and PSAK 30 when it is effectively applied.
PSAK 73 also brings a new paradigm of lease measurement especially for the perspective of lessees. In most cases, lessees will record significant additional liability on their balance sheets as a result of PSAK 73 application. It will also no longer matter whether a rental agreement is a finance lease or an operating lease, as PSAK 73 requires all leases to be accounted for in the same way. With the creation of new assets and liabilities, the replacement of rental expense with interest and depreciation, financial information will change for all companies.
On lessor side the impact will be minimal. However, both lessor and lessee will need to disclose significant additional information compared to previous standards.
Who is it for?
This training is ideal for finance professionals in all sectors, especially finance managers, heads of consolidation, financial and accounting managers involved in preparing financial statements, controllers, treasurers and financial analysts.
How do we do it?
With detailed case studies, practical insights and frequently asked questions on implementation issues, participants will get a high-level overview of what needs to be done and how to deal with the changes. A five-hour online training course is structured as follows:
- Lease identification
- Determining lease term
- Accounting for lessee
- Accounting for lessor
- Transitional provision and disclosures
Lease identification
Criteria that should be considered by the financial reporters in determining whether a contract is lease or not.
Determining lease term
An agreement may contain several clauses that should be considered in determining lease term. Consideration should also be given to condition outside the agreement.
Accounting for lessee
The new lease standard requires all lease to be on balance sheets. Complications may occur, but standards offer some simplifications.
Accounting for lessor
Although new lease standards focus more on Lessee, some accounting by Lessor also impacted.
Transitional provision and disclosures
The standards mandate retrospective application. However, financial statements preparer has a choice on how to apply it.
Slides and materials will be provided in English and the course will be delivered in Bahasa Indonesia.
Minimum participants: 30 persons per session
Maximum participants: 50 persons per session
Investment amount for open-class workshop: Rp 1,500,000 / pax
Investment amount is subject to VAT 10% and deduction of WHT 2%.
Get 5% discount if you register to all 3 sessions of Big-3 PSAK or pay a bundling price of Rp 5,000,000 for the whole workshop Big-3 PSAK + COVID-19 Implications.
Get additional 5% discount if you're registering for more than 5 people.
To register for the open-class workshop related to this topic, click the registration link in our training calendar.
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