For every GRAP we will focus on minimum disclosures and quick refreshers, keeping the training as painless, engaging, and
practical as possible. The focus areas specified will be the only areas we'll discuss in detail. Because everything is squeezed into a
two-day course, we'll focus on focus areas, and we'll provide a quick summary of everything else going on in the standard.
Presentation of Financial Statements, focusing on the classification of
expenses, specifically employee costs as well as minimum
disclosures.
GRAP 2 Cash Flow Statements; Focus Area: How to make it balance
GRAP 3 Accounting Policies, Changes in Accounting Estimates and Errors;
Focus: Prior period errors vs. changes in estimate
GRAP 9: Revenue from Exchange Transactions
GRAP 13: Leases: Focus on Extensions - when to include in commitment
GRAP 14: Events After the Reporting Date (Focus on practical implications)
GRAP 18: Segment Reporting
GRAP 19: Provisions, Contingent Liabilities, and Contingent Assets; Focus
(Accruals, Contingent Liabilities)
GRAP 20: Related Party Disclosures; Focus: Key Management Disclosures
GRAP 23: Revenue from Non-exchange Transactions (Taxes and Transfers)
Day 2:
GRAP 18: Segment Reporting
GRAP 24: Presentation of Budget Information in Financial Statements
GRAP 25: Employee Benefits
Directive 5: New Standards: Effective and not yet effective
GRAP 31: Intangible Assets; Focus: When to capitalize bought-in licenses for
software
GRAP 104:Financial Instruments; Focus: Classification & Recognition with
reference to balance sheet items
GRAP 108: Statutory Receivables
GRAP 109: Accounting by Principals and Agents
National Treasury Framework: FRUITLESS AND WASTEFUL EXPENDITURE
How to review a set of GRAP Financial Statements
