IFRS for SME Section 20 Leases
CPD Hours: 2
Price: R237.50
This is part of a series
Read more about seriesMost 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.
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;
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.