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Generally Recognised Accounting Practices -GRAP Standards (with updates)

Johannesburg 2022 . Date TBC

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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.

This masterclass runs for 4 days

Training times can be arranged accordingly in order to meet the client’s needs.

Available on request.

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

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