Overview of GRAP Methodology and Theory

Why you should attend?

If you are in need of a refresher on the theory and compliance of GRAP or would like to increase your understanding of GRAP this course is for you.

Course overview:

This course will provide a basic background to the methodology and theory of Generally Recognised Accounting Practise (GRAP) so that it creates a framework for the practical sessions to follow.

• GRAP Framework
• GRAP 1: Presentation of financial statements
• GRAP 2:  Cash flow statement
• GRAP 3:  Accounting policies, changes in estimates and errors
• GRAP 9:  Revenue – exchange transactions
• GRAP 12: Inventories
• GRAP 13:  Leases
• GRAP 14: Events after reporting date
• GRAP 16: Investment property
• GRAP 17: PPE
• GRAP 18: Segment reporting
• GRAP 19: Provisions
• GRAP 20:  Related parties
• GRAP 23: Revenue – non-exchange
• GRAP 24: Presentation of budget information
• GRAP 25: Employee benefits
• GRAP 31: Intangible assets
• GRAP 103: Heritage assets
• GRAP 104: Financial instruments
• GRAP 105 and 106: Transfer of functions between entities under and not under Common Control NEW
• GRAP 109: Accounting by Principals and Agents NEW
• Directive 11: Changes in the measurement bases following the initial adoption of the standards of GRAP
• Directive 12: The Selection of an Appropriate reporting Framework by Public Entities NEW

Please Note: The training delegate minimum requirement is 6 delegates, should we not meet this number the training will be rescheduled to the next training dates. If training is cancelled, we will inform you prior to the training date.

---