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Altimax

CPD - GRAP 104R - 14 October 2025

CPD - GRAP 104R - 14 October 2025

R 550.00 ZAR
R 550.00 ZAR
Sale Sold out
Taxes included.

Presenter

Chantal Sofiadellis 
Associate Director

View Presenter Profile here

Course outline

The revision of GRAP 104 marks one of the most significant developments in public sector accounting in recent years. Its impact on financial reporting is far-reaching, and understanding the changes is essential for preparers, stakeholders, and users of financial statements.

There are numerous changes; however, at the heart of the revision lies the shift from the incurred loss model to a forward-looking expected credit loss (ECL) model for assessing the impairment of financial assets. This change represents a fundamental shift in how financial risk is recognised and reported.

The revised standard is effective for financial periods beginning on or after 1 April 2025. With implementation deadlines now upon us, the window for preparation has closed, and the time for action is here.

Content

The areas we will be covering in the session are:

  1. High-level overview of the revisions
    a.    The “big picture” changes to start your roadmap on this journey
  2. Scope of GRAP 104R
    a.    When and how the standard applies
  3. Classification of financial instruments
  4. Treatment of specific transactions
    a.    Concessionary loans and investments 
    b.    Financial guarantees
  5. Recognition and measurement
  6. Initial measurement
  7. Subsequent measurement (excluding impairment)
  8. Impairment of financial assets 
    a.    ECL model
    b.    Different approaches
  9. Presentation and disclosure
    a.    From technical requirements to financial reporting
           i.    Qualitative and quantitative disclosure
           ii.    Credit risk
           iii.    Liquidity risk
           iv.    Market risk
  10. Transitional provisions 
    a.    How to navigate the numbers and disclosure requirements
  11. Practical implications, implementation challenges and tips

Important to note:

  • The course is open for 12 months and will then close
  • A recording will be made available after the session.  The recording will be available even if you were not able to join the session, and thus no refund will be applicable.
  • Certificates will be issued on the date of successful completion of the assessment. The certificate will reflect the date of the training session.
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