Altimax
GRAP 105 - Transfer of functions under common control
GRAP 105 - Transfer of functions under common control
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Imagine two departments within the same sphere of government sharing responsibilities. Over time, some responsibilities are shifted from one department to another to improve efficiency and service delivery. This is where GRAP 105 comes into play.
GRAP 105 guides how to account for the transfer of functions between entities under the control of the same authority. By ensuring that these transfers are recognised consistently, GRAP 105 supports transparency and allows users of financial statements to understand how resources and obligations are being reallocated within the public sector.
Whether it’s a provincial department transferring a programme to another, or a national entity moving a function to a subsidiary under its control, GRAP 105 ensures that the accounting reflects the economic reality of the transfer. It is not just about numbers; it is about building trust and accountability in managing public responsibilities.
What you will learn
By the end of this course, you will be able to:
- Identify and explain a transfer of functions between entities under common control.
- Explain the accounting treatment for a transfer of functions between entities under common control.
- Explain the relevant disclosure requirements.
Important information
Please take note of the following important details regarding your course access and certification:
- Certificates will be issued on the date of successful completion of the assessment and will reflect that date.
- Course access is valid for 12 months, after which the course will close.
- No updates will be made to the course during the 12-month access period. If updates become available, they will be released in a new course available for purchase on our website.
- For the Altimax terms and conditions, please refer to our website.
