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Accounting for leases IFRS for SMEs

This webinar offers a comprehensive guide to accounting for leases under the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). Designed for Business Accountants and Business Accountants in Practice, it aims to demystify lease accounting, from classification to recognition and measurement, and explore the practical implications for financial reporting.

2 CPD units 15 January 2025 1 presenter

What will set you apart

By completing this course you will gain the following competencies

  • Understand the fundamental principles of lease accounting as per IFRS for SMEs.
  • Learn to distinguish between operating and finance leases and apply the correct accounting treatment.
  • Gain insights into recognizing and measuring lease liabilities and right-of-use assets.
  • Analyse the impact of lease accounting on financial statements, including balance sheets and income statements.
  • Explore practical examples and case studies to address common challenges in lease accounting.
  • Stay updated on recent amendments or changes in IFRS for SMEs related to leases.

Event breakdown

  • Introduction
  • Classification of leases
  • Finance lease
  • Indications of a finance lease
  • Recognition and measurement of the finance lease
  • Disclosure of a finance lease
  • Financial statements of a lessor -Operating lease
  • Disclosure Operating lease
  • Sale and leaseback
Category: AccountingType: CPD CourseCPD category: Accounting

Description

This webinar will delve into the key principles and practical applications of accounting for leases, with a focus on IFRS for SME’s highlighting the implications for financial reporting. Attendees will gain insights into the recognition, measurement, and disclosure requirements for both lessees and lessors. The session will cover critical aspects such as right-of-use assets, lease liabilities, and the distinction between finance and operating leases. Participants will also learn about common challenges and complexities in lease accounting and how to navigate them to ensure compliance and accuracy in financial statements. This session is essential for accountants and finance professionals looking to stay updated with the latest standards and best practices in lease accounting 

Presenters

Faith Ngwenya

Faith Ngwenya — Faith Ngwenya is an accomplished leader in the accounting profession with extensive experience in professional education, skills development and stakeholder engagement. As Head of Education at CIBA, she plays a key role in advancing professional development, strengthening relationships with education and industry stakeholders, and supporting initiatives that prepare accounting professionals for the evolving demands of the profession.

You will earn a certificate

On successful completion you will receive a certificate for 2 CPD units in Accounting.

Requirements

  • Laptop, desktop, or mobile device with internet access
  • Microsoft Edge, Google Chrome, Safari, or Firefox browser