This two day training session focuses on:

• Key requirements of several GRAP standards (topics listed below)
• Understanding how to apply key requirements using examples
• Summarising disclosure requirements
  
  

We will spend 60 minutes on a topic, approaching each topic as follows:

• Help you better identify when a particular standard / section is relevant to a transaction i.e., we’ll briefly consider scoping and definitions
• Simplify recognition criteria
• Clarify initial and subsequent measurement
• Explain presentation and disclosure for financial reports and disclosure notes

Standards / topics covered:

General:

• GRAP 1 Presentation of Financial Statements
• GRAP 2 Cash Flow Statements
• GRAP 24 Presentation of Budget Information in Financial Statements

Assets:

• GRAP 17 Property, Plant and Equipment PPE
• GRAP 31 Intangible Assets
• GRAP 12 Inventories

Liabilities:

• GRAP 104 Financial Instruments

Income:

• GRAP 9 Revenue from Exchange Transactions
• GRAP 23 Revenue from Non-Exchange Transactions

Expenses:

• GRAP 25 Employee Benefits
  
  

• Audit partners
• Ethics officers
• Compliance officers