The new GRAP Asset Register is fully integrated into the procurement process to track capital expenditures, from “Request for Quotation” right through into the Asset Register and Vote ledger.
Features:-
• The Fixed Asset Module caters for the following Measurement Basis’: Cost Model, Fair Value Model, Revaluation Model, and Fair Value less Cost to Sell Model.
• The following GRAP Asset Types are catered for: -PPE, Investment Property, Intangible Assets, Biological Assets, Non-Current Assets for Sale.
• Depreciation methods can be done using either Straight Line or Reducing Balance method.
• The following types of measurements are available:-
• Initial recognition of the asset
• Release revaluation reserve
• Subsequent measurement for PPE, Heritage and intangible assets
• Measurement for investment property
• Transfer of assets
• Disposal of assets
• Impairment of fixed assets
• Non-Current assets held for sale
• Subsequent measurement of biological assets
• Reassessments of useful life
