Lesson · mSCOA in practice
What mSCOA is and why it exists
Explain the standard chart of accounts and its legal basis.
9 minutes Standard as at 31 October 2026
What you will be able to do
- Explain the standard chart of accounts and its legal basis
- Name the segments every transaction carries
This is a preview of a member lesson. The full lesson is in the mSCOA in practice 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.