Attendance at this seminar will secure 3 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Tristan White
0118861395
gillian@probetatraining.co.za
The Generally Recognised Accounting Practice (GRAP) standard was published by the Accounting Standards Board (ASB), in accordance with the Public Finance Management Act (PFMA).
GRAP standard applies to public / government entities, and grasping its requirements is critical for auditors in the public sector.
GRAP assists in identifying and recognising business transactions for accounting purposes, and the required reporting of those transactions in a set of financial statements.
This session focuses on
• GRAP 1 – Presentation of Financial Statements
• GRAP 2 – Cash Flow Statements
This session focuses on GRAP 1 & 2, highlighting
• the requirements in preparing each individual statement i.e. balance sheet, income statement, cash flows, changes in net assets, and notes
• structure / form / minimum content of individual statements
• the underlying pervasive principles, and
• accounting policy elections as available
