GRAP 1:- Presentation of financial statements

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The Accounting Standards Board:-

  1. Set Standards of GRAP;
  2. Promote the adoption of Standards of GRAP;
  3. Monitor the implementation of Standards of GRAP;
  4. Influence development of international standards; and
  5. Manage resources to ensure the ASB is operationally effective.

GRAP 1 sets out the overall framework and responsibilities for the preparation and presentation of financial statements, guidelines for their structure and minimum requirements for their content.

The latest version of GRAP 1 – click here

National Treasury guideline on GRAP 1 – click here



Course Features

  • Lectures 4
  • Quizzes 1
  • Duration 10 weeks
  • Skill level All levels
  • Students 0
  • Certificate No
  • Assessments Yes
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