GRAP 13 – Leases – Lessee

CPD hours:  1

As you begin this course, you are stepping into the practical world of accounting for leases in the public sector—where resources are limited, compliance is essential, and the right decisions can make a real difference. This module is your guide to confidently applying GRAP 13 from a lessee’s perspective, giving you the knowledge and tools to recognise, measure, and present lease transactions accurately.

You will gain a clear understanding of the theory behind GRAP 13 for lessees, supported by practical examples that bridge the gap between policy and day-to-day application. This knowledge will help you improve financial transparency, meet audit expectations, and make informed leasing decisions in your role.

What you will learn

By the end of this course, you will be able to:

• Explain a lease.
• Explain the difference between an operating and finance lease.
• Explain how to account for each type of lease in the accounting records of the lessee.

Important information

Please take note of the following important details regarding your course access and certification:

• Certificates will be issued on the date of successful completion of the assessment and will reflect that date.
• Course access is valid for 12 months, after which the course will close.
• No updates will be made to the course during the 12-month access period. If updates become available, they will be released in a new course available for purchase on our website.
• For the Altimax terms and conditions, please refer to our website.