Altimax
GRAP 110 - Living and non-living resources
GRAP 110 - Living and non-living resources
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CPD hours: 1
Imagine forests, fisheries, or mineral resources that governments manage to benefit their citizens. These resources are vital, but their accounting requires special consideration. This is where GRAP 110 steps in.
GRAP 110 guides how to recognise, measure, and disclose living and non-living resources in the public sector. It ensures that entities reflect the value of natural resources in their financial statements transparently and accountable.
For example, a government agency responsible for managing a forest must account for the forest as a living resource, while mineral deposits may be recognised as non-living resources.
What you will learn
By the end of this course, you will be able to:
- Identify living and non-living resources.
- Discuss the accounting treatment of living resources.
- Explain the relevant disclosure requirements 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.
