IFRS 16, Accounting for Leases in the Aviation Industry (classroom)

About the course

2-day (16 hours) classroom course

Study key International Financial Reporting Standards (IFRS) 16, Leases, used for preparing financial statements in the airline industry. This two-day course covers the implementation issues faced by airlines, shipping companies or other transportation companies, and is also relevant to other industries. Using case studies, examples and exercises, focused on aircraft, property and airport service contracts, our specialist instructor explains and illustrates all of the important issues.

This course is available at IATA Training Centers and Regional Training Partner locations, and on-demand as in-house training.

Download the Outline

Course code: TALF-15

Course format

  • This classroom course provides 2 days (16 hours) of instruction delivered by an official IATA Instructor.
  • Student performance will be based on an assessment.


  • Recommended level is Entry-level and Intermediate.
  • The recommended level of language proficiency is ICAO Operational Level 4 for courses in English or the equivalent level for other languages.

How to register

To arrange in-house training for your company: Complete the in-house training request form or contact the salesperson in your region.

There are no scheduled classes at the moment

What you will learn

Upon completing this course you will be able to:

  • Analyze arrangements to determine whether they contain leases
  • Determine which interest rate is used to discount lease payments
  • Apply the standard to lease extension, cancellation and mutual agreement options
  • Account for restoration, maintenance and leasing costs, contract modifications and lease incentives
  • Account for contracts at airports for office space, hangars, lounges, gate areas, and other facilities
  • Explain how to hedge foreign currency exposure on financial liability
  • Recognize how to account for contracts based on variables rates like LIBOR
  • Recount how IFRS and US GAAP differ on leases

Course content

The key topics that are covered during this course include:

  • Scope of the standard
  • Recognition exemptions for low cost immaterial and short term leases
  • Identifying leases in an arrangement
  • Initial and subsequent measurement of the ROU Asset and Financial Liability
  • Separating components of an arrangement into lease and service agreement
  • Lessor accounting review
  • Sale and leaseback transactions
  • Presentation requirements
  • Disclosure requirements
  • Transitional provision options


  • Exercises including calculations and journal entries
  • Application of the standard to complex scenarios
  • Case studies on key implementation issues
  • Group discussions of complex issues

Who should attend

This course is recommended for:

  • Airline or other transportation industry finance or system professionals involved in the implementation of IFRS 16, Leases
  • Auditors of the transportation industry
  • Analysts, bankers and investors focused on the transportation industry

Certificate awarded

An IATA Certificate of Completion is awarded to participants obtaining a grade of 70% or higher on all exercises and exams. A special distinction is awarded to participants obtaining a grade of 90% or higher.

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