Lesson · IFRS for SMEs essentials
Leases
Classify a lease as finance or operating under IFRS for SMEs.
11 minutes Standard as at 6 November 2026
What you will be able to do
- Classify a lease as finance or operating under IFRS for SMEs
- Account for Baobab's factory rental
This is a preview of a member lesson. The full lesson is in the IFRS for SMEs essentials library, open to everyone who enrols.
Free · one email a week
IFRS and SAM, one requirement at a time
Each week you get the Institute's new articles: one requirement of IFRS 17, IFRS 9, IFRS 15, IFRS 18 or SAM, worked on a South African case. You start with the free IFRS 18 readiness checklist, ten areas to work through before IFRS 18 takes effect, each with its paragraph reference.