GRAP 16 - Investment property

CPD hours:  1

Imagine a community where public resources are managed efficiently, supporting essential services like healthcare, education, and infrastructure. Behind this, public entities rely on clear accounting standards to ensure transparency. This is where GRAP 16 comes into play.

GRAP 16, or Generally Recognised Accounting Practice 16, provides the framework to account for investment property in the public sector. It ensures that these assets are accurately recognised, valued, and managed, supporting transparency and accountability.

For example, municipalities managing public properties for rental income can apply GRAP 16 to ensure correct reporting, helping demonstrate effective use of public assets.

By standardising the accounting for investment property, GRAP 16 promotes better decision-making and fosters trust, ensuring public resources are managed responsibly for the benefit of all.

What you will learn

By the end of this course, you will be able to:

• Explain what asset would qualify as investment property.
• Explain when investment property can be accounted for.
• Explain initial recognition.
• Explain subsequent / later recognition.
• Explain how to present and what to disclose in the financial statements.

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.