ProspenAfrica | Training and Consulting Services Provider

GRAP Asset Accounting and Asset Management

3 Day Training

Dates: 29 – 31 July | 15 – 17 September | 07 – 09 October | 04 – 06 December 2024

Locations: Johannesburg, South Africa

Platform: Available In-Class / Online

Price: Available on request

Course Introduction

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.

Course Objectives

  • 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.

Who should attend?

  • 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

Finance Courses

Training Methodology

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.

Training Outline

  • 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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