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Getting to grips with GRAP

September2020 To give accountants an overview of GRAP standards and their practical application

R 475
Category Accounting
Accredited Saiba
CPD Hours 2
Effort 2 Hours
Duration 2 Hours
Format Webinar
Level Moderate
Assessment Yes
Supervised No
Pre-Entry No
Tuition Mandatory
Study Material No

What you will learn

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. 


Study Units

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


  1. There are no preconditions for this course.  
  2. Moderate level.
  3. Recorded webinars made available on a specified dates


As IFRS is to private sector companies, so are standards of GRAP to the public sector.  

But why have separate standards? 

Standards of Generally Recognised Accounting Practice (GRAP) are accounting standards issued by the Accounting Standards Board (ASB). This a requirement of section 89 of the Public Finance Management Act (PFMA). Standards of GRAP are applied to for instance government departments, Parliament, municipalities and commissions.  

Although generally similar, there are notable differences between the treatment of certain accounting concepts in the private sector vs the public sector. The aim of this webinar is to discuss the standards of GRAP as a whole and then point out specific differences with IFRS.  


The following pricing apply: 

  • Ad hoc: R475
  • Subscription: Accountant in Practice plus Tax, Accountant in Practice, Bookkeepers.


This webinar series will be available from 10 September 2020.


Caryn Maitland CA(SA) 

Caryn Maitland CA(SA) has been a member of IRBA as a registered auditor and accountant since 2002. She has lectured Auditing, Financial Management and Accounting at various institutions for learners up to the MBA and Postgraduate Diploma levels. She has also conducted independent workshops and seminars for professional accountants since 2006 on various topics. Between 2011 and 2013, Caryn had a two-year stint as visiting Associate Professor at the University of Limpopo.  

Caryn is also a platform presenter for SA Accounting Academy, ICB and Chartered Secretaries of SA. Since 2018 she has worked extensively with commerce and industry, assisting analysts, directors and other users of financials to interpret, prepare, analyse and forecast based on the results of financial statements. 


  1. Business Accountant (SA);
  2. Business Accountants  in Practice (SA);
  3. Bookkeepers; and 
  4. Accounting/audit trainees.  


By attending this webinar, you will be provided with:  

  • Summarised slide presentation. 
  • Reference documents and / or course material where available.
  • Access to a technical knowledge base.
  • Recorded webinar that includes an expert presenter. 


This event is included in the following subscription packages. If you are not a subscriber, you need to purchase as a stand-alone event. 

  1. Accountant in Practice: Yes
  2. Accountant in Practice plus tax: Yes
  3. Bookkeeper:  Yes 
  4. Quickupdate: No
  5. IFRS for SME's: No


Subscribers pay less for their CPD points. SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice. Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax. 

Click here to choose your subscription option.