IFRS 16 Knowledge Test | MGS Fintech PROF

IFRS 16 Test

IFRS 16 Test – Leasing and Financial Impact

A test with practical and theoretical questions on defining leasing under IFRS 16, discount rates, asset recognition, financial reporting, and the effect on EBITDA.

Multiple-choice answers allow selecting the correct option in accordance with the requirements of the relevant standards.

1 / 5

1. What discount rates are used in IFRS 16?

a) Only the national bank rate

b) Market rate of government bonds

c) No rate, nominal payments are taken

d) Implicit rate if it can be determined, otherwise IBR

2 / 5

2. Lease contract 5 years × €40,000/year. What is the asset initially recognized?

a) Recognized only in notes

b) €200,000

c) Zero, if it is an operating lease

d) Present value of future payments

3 / 5

3. How is a 10-year office lease reflected in the tenant’s financial statements?

a) ROU asset and lease liability recognized on the balance sheet

b) Only in the cash flow statement

c) Only footnote disclosure

d) Annual lease expense (no balance sheet impact)

4 / 5

4. What is the impact of IFRS 16 on EBITDA?

a) EBITDA becomes equal to net profit

b) EBITDA does not change

c) EBITDA decreases (higher rent expenses)

d) EBITDA increases (rent disappears, depreciation and interest remain)

5 / 5

5. What is the definition of a lease under IFRS 16?

a) Only finance leases

b) The right to receive rental payments for an asset

c) A contract that conveys the right to use an identified asset in exchange for consideration

d) Any service contract with fixed payments

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