IFRS for SMEs: Revenue and Leases Course

SKU 00337
R520.00
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IFRS for SMEs: Revenue and Leases Course
Product Details

Journeying into the income statement we must ask ourselves, is Section 23 Revenue affected by the new IFRS 15 Revenue standard?

Join us as we are set to get hands on with Revenue, by working our way through a broad range of mini-case-studies, addressing the practical application of recognition criteria, measurement calculations and accounting debits and credits.

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 course will address the accounting on both sides (lessor VS lessee), as well as for both types of leases.


Course Content:

  • Section 23: Revenue
    • Identifying a revenue stream (e.g. Sale of goods or rendering of services), with examples
    • Recognition of each stream, with examples
    • Measurement of revenue transactions, with examples
    • Disclosure
  • Section 20: Leases
    • Classification: Finance VS Operating
    • Measurement: Initial + Subsequent
    • Lessor: Finance VS Operating Lease, using examples
    • Lessee: Finance VS Operating Lease, using examples


All Included:

  • Video presented course
  • Downloadable course material
  • Certificate of training
  • SAICA, SAIBA, ACCA, IACSA, IRBA Accredited - 2 verifiable CPD hours