Skip to content Skip to footer

Generally Recognised Accounting
Practices -GRAP Standards (with updates)

Date: 03 - 06 October

Course Navigation

Generally Recognized Accounting Practice or GRAP is a set of fundamental concepts that serve as accounting process guidelines. We as Prospen Africa, always proud ourselves in proving excellence to our learners which is what you will experience by registering for the course.


This course is accredited by the PSeta, and material covers unit standards: 119348, NQF Level 5, 12 Credits.

By the end of the program, participants will be able to:

  • GRAP concepts, terminology, and definitions.
  • The link between GRAP, PFMA, IFRS, IPSAs and GAAP.
  • How to describe and distinguish between different accounting systems such as Cash, Accrual and Modified Cash basis.
  • About the new GRAP standards and improvements to GRAP standards applicable for the 2020 year-end; and how to prepare audit files for auditors.

The Generally Recognised Accounting Practices (GRAP) 4-day course covers key concepts, legislation and standards relating to GRAP in the South African context, as well as linkages to international practice and standards. Within the context of the International Public Sector Accounting Standard (IPSAS), a distinction is made between GRAP and GAAP.

The course discusses by way of case studies the new GRAP standards that are effective for the 2019 and 2020 reporting years. The course also goes into an in-depth revision of GRAP standards that have been effective since the introduction of the GRAP standards including a discussion of the directives and guidelines.

The course concludes by giving guidance on how to prepare audit files to enable a smooth audit process to be conducted and gives tips on how to overcome some of the difficult accounting issues.

This masterclass runs for 4 days

Our Generally Recognised Accounting Practices -GRAP Standards (with updates) is available in a variety of formats to best match your needs

In-House training: We bring the training to your location. Available with customized features created to meet your requirements.

Virtual Training: Delivered totally online, our virtual sessions are designed to keep participants engaged through relevant training, activities for practice, and ongoing reinforcement.

R 10 499.00

*Group Discounts Available on Request..

People working within a Public Sector environment, specialising in Public Finance Management and Administration

Course Categories

Promo Video

Course Gallery

Open chat
Need Help
Prospen Africa
Good day. What can we assist you with today?