This Prospen training equips participants with essential GRAP Asset Accounting skills, focusing on standards, budgeting, and effective asset management practices.
| Date | Venue | Duration | |
|---|---|---|---|
| 12 - 14 August 2026 | Sandton | 3 Days | |
| 28 - 30 October 2026 | Sandton | 3 Days | |
| 18 - 20 November 2026 | Pretoria | 3 Days |
There are various GRAP Asset Accounting standards that need to be considered when preparing GRAP compliant annual financial statements and Fixed Asset Registers. The purpose of this training is to provide participants with the skills to apply the various accounting standards in practice. The GRAP Asset Accounting and Asset Management training will include examples commonly found in local government and tailored case studies that illustrate the application of the various accounting standards.
Have a good understanding of the asset related GRAP standards.
Understand how the asset related GRAP standards are implemented.
Understand what changes are required to the chart of accounts.
Understand the impact of assets on the budget.
Better understand what information is required in fixed asset register.
Have a better understanding of how to maintain asset information.
Directors/Officers
Financial Manager
Asset Managers/Officers
Asset Managers/Officers
State Accountants
Chief Financial Officers
Managing Directors
Line managers
Risk managers
Supply chain practitioners
Procurement officers
Maintenance Person
Treasury Clerk
Fleet Management
Facilities Management
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
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
Asset management under GRAP
This GRAP asset accounting includes all asset related GRAP standards as part of GRAP, (definitions, recognition requirements, practical’s, examples)
GRAP 17: Property, plant, and equipment
GRAP 31: Intangible assets
GRAP 21: impairment of non-cash-generating Assets
GRAP 26: Impairment of Cash-generating Assets
GRAP 16: Investment property
GRAP 13: Leases
GRAP 103: Heritage assets
GRAP 12: Inventories
GRAP 3: Accounting Policies, Errors, and Estimates
GRAP 1: Presentation of Financial Statements
In terms of practical consideration, items to be addressed include:
Asset acquisition
Asset valuation and value sustainability
Asset maintenance
Asset disposal
GRAP asset register
This includes detailed guidance on HOW TO prepare and maintain a GRAP compliant Asset Register
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