GRAP – GRAP 16 Investment Property
|CPD Hours:||Attendance at this seminar will secure 2.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
Land and buildings are sometimes mistreated as Property, Plant and Equipment PPE, when in fact it should be classified as Investment Property. Through this session we want to help you address several tricky areas when it comes to land and buildings: - Is it PPE or Investment Property? - What am I allowed to include in the cost measurement on day 1? - Do I have to adjust the balance every year end, and how? - What happens if I no longer use land and buildings as ‘investment property,’ how do I process a transfer / reclassification? - What needs to be presented / disclosed?
GRAP 16: Investment Property • Definitions / Scoping • Recognition and Initial Measurement • Subsequent Measurement – Cost VS Fair Value Model • Transfers / Derecognition • Disclosure requirements
☒Financial managers ☒Auditors ☒Bookkeepers ☒Financial accountants ☒Audit managers ☒Audit partners ☒Engagement Quality Control Reviewers