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Asset Management and GRAP Asset Accounting
Asset Management and GRAP Asset Accounting (Online)
Date:
30 Nov 2020
Price:
R 10500.00
Brief Description
The Asset Management and GRAP Asset Accounting short course provides you with a unique training experience in order to get to grips with both aspects of asset management considerations (governance) and Generally Recognised Accounting Practice (GRAP) compliant asset registers (accounting) as accountant/auditor. The course specifically focuses on best practices applicable to asset management and the asset lifecycle, as well as GRAP accounting requirements for recognition, measurement and disclosure of asset transactions and balances. This course is presented in collaboration with the Ducharme Institute.
Learning Outcomes
After successfully completing this course, you will be able to
  • understand the best practice applicable to asset management and the asset life-cycle
  • understand the GRAP accounting requirements for recognition, measurement and disclosure of asset transactions and balances, and
  • understand the purpose and maintenance of an asset register together with the practical accounting and asset management updates applicable for each accounting period.
Course Content
Asset Management
Asset management principles and context
  • Asset management principles, elements and foundation
  • Asset types
  • Management control over assets
  • Asset accounting information
 
The asset life-cycle process
  • Asset planning and budgeting
  • Asset acquisition
  • Asset acquisition and creation
  • Operation and maintenance of assets
  • Disposal and replacement of assets
  • Asset risk management
 
GRAP Asset Accounting
Standards of GRAP
  • GRAP 17: Property, plant and equipment
  • GRAP 16: Investment property
  • GRAP 31: Intangible assets
  • GRAP 13: Leases
  • GRAP 103: Heritage assets
  • GRAP 12: Inventories
In terms of practical consideration, items to be addressed include:
  • Asset acquisition
  • Asset valuation and value sustainability
  • Asset maintenance Asset disposal
GRAP asset register
Entry Requirements
Prospective delegates should at least have an accounting degree or minimum five years practical accounting experience.
Course Number:
P006316
Catalogue and Category:
Financial Management and Taxation
Who Should attend:
Prospective delegates must at least have an accounting degree or minimum five years practical accounting experience.
Delivery Mode:
Contact Sessions
Contact Days:
Total Notional Hours:
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