MASTERCLASS – GRAP Standards 2019-2020 and IFRS Principles

R11,999.00

The above registration fee includes all the training material, lunch, and refreshments. Fees do not include accommodation and transport.

Please fill in and submit by fax or email to reserve your seat(s) Fax: 086 567 7606 email: info@jamelacon.co.za
Payment is required in full 10 Days from date of invoice. All payments to be made directly to Jamela Resources Consulting (Pty) Ltd. No seats will be reserved unless Jamela Resources Consulting (Pty) Ltd receives a signed registration form. Jamela (Pty) Ltd reserves the right to alter, add or subtract from the content and to change the speakers, topics dates and venue if required. 

Cancellations Cancellations made within 7 days of the date of invoice of the above mentioned event will be subject to a 100% cancellation fee. There will be no refunds. Cancellations received in writing no later than seven working days prior to the event will entitle delegates to receive a full credit to be used at Jamela Resources Consulting (Pty) Ltd (Valid for up to 12 calendar months from the date of issuance). 

Delegate Substitutions Delegate substation is welcome. Please inform Jamela Resources Consulting (Pty) Ltd of the new name for registration purposes. Jamela Resources Consulting (Pty) Ltd is not responsible for any loss or damage as a result of substitution, alteration, cancellation, or postpone of an event due to circumstances beyond our control, delegate will be credited to a future alternative of similar event to the same Rand value. This credit will be valid of up to 12calendar months from the date of issuance.

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Description

Course Objectives

Introduction Standards of Generally Recognized Accounting Practice (GRAP) issued by the Accounting Standards Board and IFRS Principles are a comprehensive reporting framework that is compulsory for the South African Public Sector. Apart from providing a common principle- based reporting framework for general purpose financial statements, Standards of GRAP promote accountability, transparency, and effective management of revenue, expenditure, assets and liabilities of the institutions to which the Standards apply. IFRS Principles helps organisations achievement of these goals contributes towards government’s objectives in improving service delivery to the citizens of our country

Course Outcomes

At the end of the training delegates will learn to be able to:

GRAP Standards

  • Provide a theoretical background with examples and scenarios that will assist audit professionals with obtaining a detailed understanding of the GRAP Standards
  • Explain and apply the conceptual framework underlying GRAP
  • Present separate periodic financial statements in accordance with GRAP
  • Accounting standards and the legislative framework
IFRS
  • Learn how to prepare IFRS financial statements, including statement of financial position, statement of comprehensive income, statement of cash flows and statement of changes in equity
  • Differentiate between changes in estimates and changes in accounting policies
  • Improve knowledge and understanding of the global trends for International Financial Reporting Standards
  • Understand recent changes in IFRS that came into effect on the 1st of January, and practicalities of their application
  • Comprehend the transition challenges and approaches in moving to Internationally accepted reporting norms of IFRS

Training Deliverables

Our Training Methodology that will be utilized in the presentation of our courses is summarily based primarily on the adult learning principles that include:

  • Pre-work to help you prepare for the quality of the learning
  • Lectures combined with discussion groups. Involvement of the learners by making use of interactive training exercises, -case studies, -role plays and-groupwork.
A first-hand training experience.

A full set of tools and other resources to help you implement what you’ve learned and achieve new levels of results when you return to your organisation.

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