Getting to grips with GRAP
Presenters : Caryn Maitland CA(SA)
Learning objectives
By the end of this event the participant should:
- Have an understanding of what standards of GRAP are;
- Understand the broad application of GRAP;
- Understand the principle difference between IFRS and GRAP;
- Understand differences between specific IFRS and GRAP; and
- Understand practical application of specific standards of GRAP.
Content
The webinar will cover the following topics:
- Introduction to GRAP.
- IFRS vs GRAP - A general comparison.
- IFRS vs GRAP - Specific differences:
- Treatment of assets.
- The concept of capital.
- Liabilities.
- Equity/Net Assets.
- Revenue/Income.
- GRAP 1 - Presentation of Financial Statements.
- GRAP 2 - Cash Flow Statements.
- GRAP 3 - Accounting Policies, Changes in Accounting Estimates and Errors.
- GRAP 6 - Consolidated and Separate Financial Statements.