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Preparing GRAP Compliant Annual Financial Statements for the Public Sector

This course guides finance teams in municipalities and public entities through the practical preparation of annual financial statements that comply with Generally Recognised Accounting Practice. Participants work through recognition and measurement of assets, liabilities, revenue and provisions, and assemble a complete set of statements with supporting notes and disclosure. The programme prepares delegates for a smooth Auditor-General engagement and a clean audit outcome.

What you will be able to do

  • Interpret the GRAP standards that most commonly affect municipal and public entity reporting.
  • Compile a statement of financial position, financial performance and cash flow from a trial balance.
  • Prepare disclosure notes for property, plant and equipment, provisions and contingent liabilities.
  • Reconcile budget to actual figures for the statement of comparison.
  • Resolve common audit misstatements before submission of the annual financial statements.
  • Build a working paper file that supports every figure and disclosure.

Course outline

  1. 01GRAP Framework and Reporting Boundaries
  2. 02Asset Recognition, Measurement and Depreciation
  3. 03Revenue, Grants and Conditional Funding
  4. 04Provisions, Contingencies and Employee Benefits
  5. 05Statement of Comparison of Budget and Actual
  6. 06Disclosure Notes and Related Party Reporting
  7. 07Working Papers and the Audit File
  8. 08Correcting Common Misstatements

Who should attend

This course is intended for accountants, finance officers, chief financial officers and audit preparation teams in municipalities, provincial departments and public entities.

Dates, venues and fees

DatesVenueDaysFeeCalendar
17 to 21 Aug 2026Dubai5US$1,800
24 to 28 Aug 2026Lagos5US$1,800
31 Aug to 4 Sep 2026Harare5US$1,800
7 to 11 Sep 2026Kampala5US$1,800
14 to 18 Sep 2026Dar es Salaam5US$1,800
21 to 25 Sep 2026Pretoria5R18,000
28 Sep to 2 Oct 2026Cape Town5R18,000
12 to 16 Oct 2026Online5US$900
19 to 23 Oct 2026Mozambique5US$1,800
26 to 30 Oct 2026Cairo5US$1,800
2 to 6 Nov 2026Accra5US$1,800
9 to 13 Nov 2026Lusaka5US$1,800
16 to 20 Nov 2026Kigali5US$1,800
23 to 27 Nov 2026Nairobi5US$1,800
30 Nov to 4 Dec 2026Durban5R18,000
7 to 11 Dec 2026Johannesburg5R18,000
21 to 25 Dec 2026Mauritius5US$1,800

Fees are per delegate. South African venues are priced in rand; other locations and online in US dollars. Fees exclude 15% VAT where applicable. Group bookings of three or more delegates from the same organisation qualify for a reduced rate; contact us for a quotation.

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