Lease Accounting - IFRS for SMEs - Section 20

Price:
R224.25 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
IFRS for SMEs
Lecturer:
Tristan David-Crewe White
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

Lease accounting focuses on how to treat assets that are given to or received from other parties, on a right-to-use basis, for a set period.

A key point of difference in the accounting for a lease relates to who you are in a given lease transaction, i.e., are you a lessor or a lessee?

This session provides overview of the fundamental aspects of Section 20 Leases, per the IFRS for SMEs standard:

  1. Scope - Classification
  2. Measurement: Initial + Subsequent
  3. Lessor: Finance VS Operating Lease, using examples
  4. Lessee: Finance VS Operating Lease, using examples
  5. Disclosure