Slide 2

Summary of GRAP Standards 31 March 2021

The Office of the Accounting-General published this PowerPoint summary of GRAP Standards, and provides information on the following for each GRAP standard, effective 1 April 2020:

  • Definitions
  • Recognition & Measurement
  • Subsequent accounting
  • Derecognition
  • Other matters

Several Provincial Treasury departments have issued additional guidance that is relevant to their particular province and municipalities.

The Standards and Directives are available on the Accounting Standard Board’s (ASB’s) website at (

Click here to download the summary:

Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more:

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