Page 69 - DCICAI SOUVENIR 2019

TECHNICAL SESSION

IFRS-16 AND NEW EXCISE TAX IN QATAR

3 CPE HOURS
DATE: 16th JANUARY 2019

IFRS 16 specifies how an IFRS reporter will identify,
recognize, measure, present & disclose leases.
IFRS is effective for annual periods beginning
on or after 1 January 2019 & is quite relevant for
organizations, industries & finance professionals
across all the business segments. Renowned
professional from Deloitte Middle East analyzed the
provisions of IFRS 16 & enlightened the audience
on various requirements of IFRS – 16 in a lucid
manner by giving an illustration of “vehicle &
delivery service agreement”, that was relevant to a
large no. of attendees. He also discussed the core
principles – such as identifying a lease, lease term,
determining discount rate & accounting by lessee
& lessors.