Attendance at this seminar will secure 2.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Tristan White
0118861395
gillian@probetatraining.co.za
GRAP 25 Employee Benefits helps to guide the accounting for retrenchment / termination pay-outs, as well as normal salaries, wages, leave accruals and bonus payments.
Related party transactions are certainly an area of risk for accountants and auditors because information about them may very easily be omitted or obscured. GRAP 20 makes it a requirement to include certain aspects of these relationships and transactions in a set of financial statements to ensure transparency before and accountability to users of the financial statements and the public at large.
GRAP 25: Employee Benefits
• Short-term employee benefits [salaries and wages]
• Leave-pay and bonus accruals
• Post-employment benefits
o Defined Contribution Plans
o Defined Benefit Plans (brief intro)
• Termination benefits
• Practical examples to illustrate accounting entries, and
• Definitions
GRAP 20: Related Party Disclosures
• Scope and Purpose
• Definitions
• Disclosure
