Overview   

The IASB changed the accounting treatment of leases to be applied by the lessee. The distinction between an ‘operating’ lease and a ‘finance’ lease (from the point of view of the lessee), no longer exists (for most leases). It is important that lessees account for leases correctly in terms of the new IFRS 16 Leases.  

Gain full and practical understanding on the treatment of leases by attending this webinar which is part of two series of webinars which we are currently running. One series focuses on IFRS and the other one focuses on IFRS for SMEs. Both series will be presented by well-known IFRS and IFRS for SMEs expert Anton van Wyk M.Com, CA(SA).  

Join him for this webinar on 25 February 2020 from 9:00 am to 11:00 am.

This webinar is part of a series on IFRS. The series will cover selected IFRS topics that every accounting professional should fully understand in their day to day work. If you are interested in booking for the entire series, click here.  

Learning objectives  

By the end of this event the participant should: 

• Understand how to correctly recognise leases; 

• Understand both recognition exemptions; 

• Understand how to accurately measure leases;  

• Know how to correctly present leases in the AFS; and  

• Know how to correctly disclose leases in the AFS.   

Content 

The webinar will cover the following topics:  

• IFRS 16 overview.  

• When to recognise a lease. 

• Conditions for non-recognition. 

• Measuring leases accurately. 

• Accounting treatment: 

  • by lessors; and 

  • by lessees. 

• Presentation and disclosure.  

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

All attendees are issued with a CPD certificate available in an online profile. 

About the 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.

Who should attend 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA); 

• Accounting officers;  

• Tax practitioners; and 

• Bookkeepers. 

Price 

• R 475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here 

 to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here 

 to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• Summarised slide presentation 

• Reference documents and / or course material where available 

• You can ask questions during the webinar and you will also have access to me the presenter after the webinar