Overview   

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.  

Join Anton van Wyk M.Com, CA(SA) on 19 May 2020 as he discusses the correct accounting treatment of leases from the view point of both parties to the agreement. This webinar is part of two series we are currently presenting on IFRS and IFRS for SMEs. You can see the titles in the series here.  

Learning objectives  

By the end of this event the participant should: 

• Know how to identify lease arrangements qualifying for recognition; 

• Know the difference between a finance leases and an operating leases; 

• Understand the rights and obligations of the lessor and lessee; 

• Understand how to account for lease payments; and 

• Understand how to recognise and disclose leases in the AFS; 

Content 

The webinar will cover the following topics:  

• Introduction to IFRS for SMEs Section 20 Leases. 

• Definition of a lease: 

  • Operating lease. 

  • Finance lease. 

• Lessor's rights and obligations. 

• Lessee's rights and obligations. 

• Accounting treatment of leases. 

• Lease recognition 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: 

• A 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 the presenter after the webinar.