Getting to grips with GRAP

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


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.


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: R475.00
Subscription: Included for free in Accountant in Practice plus Tax, Accountant in Practice and Bookkeepers packages.


Study unit 1

Introduction to GRAP

Study unit 2

IFRS vs GRAP – A general comparison

Study unit 3

IFRS vs GRAP – Specific differences:

  • Treatment of assets.
  • The concept of capital.
  • Liabilities.
  • Equity/Net Assets.
  • Revenue/Income.
Study unit 4

GRAP 1 – Presentation of Financial Statements

Study unit 5

GRAP 2 – Cash Flow Statements

Study unit 6

GRAP 3 – Accounting Policies, Changes in Accounting Estimates and Errors

Study unit 7

GRAP 6 – Consolidated and Separate Financial Statements


There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date


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.


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 and participant interaction.

R 475 VAT Incl.

Additional Course Information

Category Accounting
Accredited SAIBA
Verifiable CPD Hours 2
Non-verifiable CPD Hours N/A
Effort 2 hours
Duration 2 hours
Format Webinar
Level Moderate
Assessment Yes
Study Material No
Course Date 10 September, 2020
SKU CPD200082M Categories ,

Who should attend?

Business Accountant (SA);

Business Accountants  in Practice (SA);

Bookkeepers; and

Accounting/audit trainees. 

This event is included in the following subscription packages:

If you are not a subscriber, you need to purchase the event as a stand-alone event or subscribe to a SAIBA subscription package.

How to subscribe

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.






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