Altimax
GRAP 104R (1) - Financial instruments: Recognition and measurement
GRAP 104R (1) - Financial instruments: Recognition and measurement
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CPD hours: 1
Imagine a municipality that borrows funds to upgrade its infrastructure or invests surplus cash to earn interest. These transactions involve financial instruments, critical in how public sector entities manage resources, risks, and obligations. This is where GRAP 104 (Revised) (Part 1) comes into play.
GRAP 104 (Revised) guides the recognition and measurement of financial instruments, covering loans, investments, receivables, payables, and derivatives. It ensures that these instruments are identified, classified, and measured consistently and transparently, reflecting their true economic impact.
For example, by applying GRAP 104 (Revised), a municipality can properly value its loans and investments. This ensures that financial statements show what is owed and owned today and the risks and future cash flows tied to those instruments.
By standardising recognition and measurement, GRAP 104 (Revised) supports more reliable financial reporting, helping stakeholders make informed decisions and ensuring that public funds are managed with accountability and integrity.
What you will learn
By the end of this course, you will be able to:
- Explain the identification, recognition, classification and measurement of financial instruments.
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.
