Asset Management Masterclass

The programme

Programme overview

This Asset Management Masterclass equips participants with the practical skills to manage public sector assets in full compliance with GRAP 17 and its international equivalent, IAS 16 (Property, Plant and Equipment) — from initial recognition and capitalisation, through depreciation and componentisation, to impairment and disposal.

Who should attend

Who is this programme for?

• Asset Managers and Asset Accountants
• Financial Accountants and Financial Managers
• Internal and External Auditors
• Supply Chain and Asset Disposal Officials
• Municipal and Public Entity Finance Staff Responsible for PPE Registers
• Anyone Responsible for Preparing or Reviewing GRAP-Compliant Annual Financial Statements

Learning outcomes

What you will learn

• Apply the recognition, measurement, and disclosure principles of GRAP 17 and IAS 16 (Property, Plant and Equipment) to capitalise PPE correctly
• Account for construction works, work in progress, and asset completion in terms of GRAP 17 and IAS 16
• Distinguish between capital and revenue expenditure in an asset management context
• Apply componentisation and depreciation methods correctly under GRAP 17/IAS 16
• Correctly identify and account for intangible assets under GRAP 31 and IAS 38
• Understand the distinct requirements of GRAP 13 (Leases), based on IAS 17, versus IFRS 16 — and avoid the common, documented error of applying IFRS 16 lease accounting where GRAP 13 actually applies
• Perform impairment assessments and asset disposals correctly
• Maintain a compliant, audit-ready fixed asset register

Explore the programme

Detailed programme outline

• The role and importance of asset management in the public sector
• Overview of the applicable accounting frameworks: GRAP and its IFRS/IAS equivalents
• Key definitions and the asset lifecycle: acquisition, use, and disposal
• Recognition criteria for PPE under GRAP 17 and IAS 16
• Initial measurement: cost, including directly attributable costs
• Subsequent measurement: the cost model and the revaluation model
• Componentisation and depreciation methods
• Accounting for construction works, work in progress, and asset completion under GRAP 17 and IAS 16
• Capital vs. revenue expenditure distinctions
• Recognition and measurement of intangible assets
• Internally generated vs. acquired intangible assets
• Amortisation and impairment of intangible assets
• GRAP 13, still based on the older IAS 17 lease accounting model, remains the current standard for public sector entities applying GRAP
• IFRS 16 (all leases on the balance sheet as right-of-use assets) applies to IFRS reporters, not GRAP-compliant public sector entities
• A common, documented misapplication: public sector entities that adopt IFRS 16-style right-of-use asset recognition are not in compliance with GRAP — practical guidance on avoiding this error
• Practical lease classification and accounting under GRAP 13
• Impairment indicators and impairment testing
• Asset disposal processes and accounting treatment
• Maintaining a compliant, audit-ready fixed asset register
• Common audit findings related to PPE and asset management, and how to avoid them

Learning approach

How you will learn

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.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.