SHORT DESCRIPTION

A guide for business accountants that need to present and disclose leases in IFRS for SME prepared financial statements.

WHAT YOU WILL LEARN

By the end of this webinar the participant will be able to:   

• Recognise, measure, present and disclose lease in financial statements applying IFRS for SME.  

DESCRIPTION

Most SMEs are either lessees or lessors. As such, it is important that the accountant who is responsible for their financial records is fully knowledgeable on how to account for leases.   

What are the principles underlying these agreements?  

IFRS for SMEs Section 20 contains all the principles relating to the accounting treatment of leases in the annual financial statements of the lessor and the lessee.  

PRICE

The following pricing apply:
Ad hoc: R475.00
Subscription: N/A.

CONTENT

Study Unit 1

Introduction to IFRS for SMEs Section 20 Leases

Study Unit 2

Definition of a lease:

• Operating lease
• Finance lease

Study Unit 3

Lessor’s rights and obligations

Study Unit 4

Lessee’s rights and obligations.

Study Unit 5

Accounting treatment of leases

Study Unit 6

Lease recognition and disclosure.

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

PRESENTER

Anton van Wyk M.Com, CA(SA)   

Anton van Wyk is a chartered accountant and independent consultant in International Financial Reporting Standards (IFRS and IFRS for SMEs). As former subject head of Financial Accounting at various higher education providers (including the University of Johannesburg and Monash University South Africa), he has gained valuable insights into and understanding of the important principles underlying the International Financial Reporting Standards (IFRS).   

Anton is a well-known and popular presenter who has presented numerous IFRS updates for several accounting bodies across South Africa. He is known for his ability to simplify and highlight the most important principles contained in IFRS, whilst keeping the learning process enjoyable for attendees.  

ADDITIONAL MATERIAL

By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.