Shifting knowledge to insight
|
|
- Sibyl Skinner
- 5 years ago
- Views:
Transcription
1 GRAP Short Courses Financial Accounting Foundation How to Prepare GRAP AFS and Manage the Audit Process and Improvement How to Read, Understand and Analyse GRAP Annual Financial Statements Modified Cash Standards enterprises.up.ac.za
2 Financial Accounting Foundation The objective of this Financial Accounting Foundation short course is designed to develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements. Financial accounting overview Context and purpose of financial accounting The regulatory framework The qualitative characteristics of financial information Double entry: Recording of transactions and events Transactions and the books of prime entry/trial balance Accounting for inventory Accruals and prepayments Sales tax Tangible assets Intangible assets Bad and doubtful debts Provisions and contingencies Bank reconciliations Control accounts Correction of errors Incomplete records Basic financial statements: High-level considerations for the annual financial statements Statement of financial performance Statement of financial position Statement of changes in net assets Statement of cash flows Events after reporting date Interpretation of financial statements After successfully completing this course, you will be able to understand how to apply the basic principles in the context of public sector accrual accounting understand the elements which make up basic financial statements understand and be able to record basic accrual accounting transactions, and understand how these transactions make up and impact financial statements prepared on accrual accounting. This course is ideal for you if you are a finance intern or junior accounting staff using accrual accounting. include all course material, refreshments and other materials. must be paid in full 14 days prior to course start dates. Proof of payment can be submitted to Prospective delegates should at least have knowledge of basic accounting principles. Enterprises University of Pretoria (Pty) Ltd is wholly owned by the University As a public higher education institution, the University of Pretoria functions in accordance to the Higher Education Act 101 of Enterprises University of Pretoria offers short courses on behalf of the University and these short courses are not credit-bearing, and do not lead to formal qualifications on the National Qualifications Framework (NQF) unless stated otherwise. Delegates who successfully complete a short course and comply with the related assessment criteria (where applicable) are awarded certificates of successful completion and/or attendance by the University 1
3 How to Prepare GRAP AFS and Manage the Audit Process and Improvement This short course will focus on the core and practical principles on How to Prepare GRAP AFS and Manage the Audit Process and Improvement, moving from the trial balance of transactions and balances through to the preparation of the statements of performance, position, cash flow, together with the disclosure considerations. This forms the AFS preparation section which will focus on the principles and practical application considerations. This short course will also focus on the considerations application to the audit following the submission of the AFS. Compile the post adjustment trial balance (pre-adjustment trial balance/year-end adjustments/post-adjustment trial balance) Prepare the statement of financial performance (classify exchange and non-exchange revenue/expenses by nature for disclosure) Prepare the statement of financial position (classify current and non-current assets and liabilities and equity considerations) Prepare the cash flow statement (determine cash flows from operating, investing and financing activities) Prepare GRAP compliant accounting policies (draft policies, disclosure of material class of transactions and balances, use of judgements and estimations) Prepare the notes to the financial statements (for each material class of transactions disclosed in the financial statements) This will also involve consideration as to: An AFS preparation plan / year-end plan to assist managing the AFS preparation process Audit file with supporting documentation Supporting information memoranda. As part of the post-audit considerations, this section will consider the following: AFS Audit impact - This addresses the aspects such as public sector accountability and stewardship; Role, function and powers of the AGSA; Audit management letter considerations; an Audit Implementation plan considerations, etc. AFS improvement process - Procedures to implement monitor and manage the AFS process. These include Information gathering procedures, which form part of the AFS considerations of recognition, measurement and disclosure of AFS transactions and balances. After successfully completing this course, you will be able to understand how to apply the basic principles in the context of public sector accrual accounting understand the elements which make up basic financial statements understand and be able to record basic accrual accounting transactions, and understand how these transactions make up and impact financial statements prepared on accrual accounting. This course is ideal for you if you are a/an accountant or financial staff, and GRAP financial statement preparer and finance intern and official who assist with this. include all course material, refreshments and other materials. must be paid in full 14 days prior to course start dates. Proof of payment can be submitted to Prospective delegates should at least have a thorough understanding of the GRAP recognition, measurement and disclosure requirements, together with practical experience in accrual accounting principles. Enterprises University of Pretoria (Pty) Ltd is wholly owned by the University As a public higher education institution, the University of Pretoria functions in accordance to the Higher Education Act 101 of Enterprises University of Pretoria offers short courses on behalf of the University and these short courses are not credit-bearing, and do not lead to formal qualifications on the National Qualifications Framework (NQF) unless stated otherwise. Delegates who successfully complete a short course and comply with the related assessment criteria (where applicable) are awarded certificates of successful completion and/or attendance by the University 2
4 How to Read, Understand and Analyse GRAP Annual Financial Statements This How to Read, Understand and Analyse GRAP Annual Financial Statements short course provides for an overview of requirements of GRAP Standards (and discussing of key differences between Modified Cash Standard to GRAP at high level), and the analysis of the Annual Financial Statements prepared on the GRAP standards. The course content and competencies covered will involve a highlevel overview of the GRAP standards for accounting as well as the individual line items as part of an GRAP compliant set of annual financial statements (AFS) and also an overview GRAP conversion and implementation challenges (theoretical definitions, recognition requirements, practical considerations, examples) pertaining to the grouping of the following standards: Assets. Liabilities. Revenue. Expenditure. Funds and reserves. The objective of this course is to provide an overview and high-level discussions on the various GRAP standards as context and basis on which the further detailed training will follow. This overview will be: The GRAP Accounting Framework and GRAP standards. The approved and effective GRAP standards: recognition, measurement, disclosure requirements. Developments in current GRAP standards. Awareness of ASB Exposure Drafts. Frequently asked GRAP questions on GRAP Implementation. Asset management Debtors management Liquidity management Liability management Efficiency: Sustainability Service delivery and distribution losses Revenue and expenditure management Capital management Operating expenditure Operating revenue After successfully completing this course, you will have a high-level understanding of GRAP standards as accounting framework, and an understanding of the impact on various line items and disclosures as part of an GRAP compliant set of annual financial statements (AFS) and also an overview GRAP conversion and implementation challenges (theoretical definitions, recognition requirements, practical considerations, examples) pertaining to the grouping of the following standards. This course is ideal for you if you are a/an official from entities who apply GRAP accounting framework, accounting and financial staff and GRAP financial statement preparers, finance interns and other official responsible for the oversight of GRAP financial statements, and Chief financial officers, budget and treasury officials, etc. include all course material, refreshments and other materials. must be paid in full 14 days prior to course start dates. Proof of payment can be submitted to Prospective delegates should at least have a thorough understanding knowledge of how to who use financial statements based on GRAP standards. Enterprises University of Pretoria (Pty) Ltd is wholly owned by the University As a public higher education institution, the University of Pretoria functions in accordance to the Higher Education Act 101 of Enterprises University of Pretoria offers short courses on behalf of the University and these short courses are not credit-bearing, and do not lead to formal qualifications on the National Qualifications Framework (NQF) unless stated otherwise. Delegates who successfully complete a short course and comply with the related assessment criteria (where applicable) are awarded certificates of successful completion and/or attendance by the University 3
5 Modified Cash Standards This short course provides detailed knowledge for the implementation and financial reporting as required by the Modified Cash Standard (MCS), prescribed by the National Treasury, as applicable to South African National and Provincial Government Departments and their officials. This MCS implementation course focusses on the recognition, recording, measurement and disclosure requirements as determined by the MCS. Modified Cash Reporting Framework The MCS accounting framework for SA Departments Concepts and principles Accounting for transactions general Financial statement presentation Accounting policies, estimates and errors Appropriation statement Cash flow statement Departmental assets and liabilities Treasury financial instruments Related party disclosures Events after the reporting date Consolidated financial statements Accounting for assets Capital assets Inventory Accounting for liabilities Leases Provisions and contingencies Accounting for revenue Accounting for expenditure After successfully completing this course, you will be able to understand and apply the requirements of the Modified Cash Standards framework in regards to have acquired a basic business ethics vocabulary recognition recording measurement, and disclosure requirements. include all course material, refreshments and other materials. must be paid in full 14 days prior to course start dates. Proof of payment can be submitted to Prospective delegates should be public sector officials working with Modified Cash with an understanding of the workings of departments, thorough understanding of Foundation Accounting principles. Enterprises University of Pretoria (Pty) Ltd is wholly owned by the University As a public higher education institution, the University of Pretoria functions in accordance to the Higher Education Act 101 of Enterprises University of Pretoria offers short courses on behalf of the University and these short courses are not credit-bearing, and do not lead to formal qualifications on the National Qualifications Framework (NQF) unless stated otherwise. Delegates who successfully complete a short course and comply with the related assessment criteria (where applicable) are awarded certificates of successful completion and/or attendance by the University This course is ideal for PFMA departmental accounting and financial staff, financial statement preparers, finance interns and other official responsible for the oversight of these financial statements. 4
SCIENCE FOR DEVELOPMENT
204 SCIENCE FOR DEVELOPMENT SECTION F: ERF SEWE-NUL-SES RIETFONTEIN (PTY) LTD FINANCIAL STATEMENTS WRC ANNUAL REPORT 2012 2013 205 REPORT OF THE AUDITOR- GENERAL TO PARLIAMENT ON ERF SEWE-NUL-SES RIETFONTEIN
More informationLearner Guide. Unit Standard Title
Learner Guide Fundamentals of Municipal Accounting Unit Standard Title Apply accounting principles and procedures in the preparation of reports and decision-making Unit Standard ID 119350 1 Learner Guide:
More informationNOTICE 125 OF Internal control, as indicated by the reference to financial management in sections 4(1) and (3) of the PAA 4
STAATSKOERANT, 11 FEBRUARIE 2015 No. 38464 3 GENERAL NOTICE NOTICE 125 OF 2015 DIRECTIVE ISSUED IN TERMS OF THE PUBLIC AUDIT ACT, 2004 Under the powers vested in me by section 2, read with section 13(3)
More informationAUDITOR-GENERAL OF SOUTH AFRICA NO MAY 2016
Auditor-General of South Africa/ Ouditeur-Generaal van Suid-Afrika 574 Public Audit Act (25/2004): Directive issued in terms of the Public Audit Act 40021 STAATSKOERANT, 27 MEI 2016 No. 40021 33 AUDITOR-GENERAL
More informationROLE DESCRIPTION Financial Manager
ROLE DESCRIPTION Financial Manager JOB IDENTIFICATION Job Title: Job Grade: Department: Reporting Line (This structure reports to?) Full-time/Part-time/Contract: Financial Manager D2 Finance and SCM CFO
More informationACC 131 Finals Blitz
ACC 131 Finals Blitz Note: This is just an overview of some key topics to understand. This is NOT a comprehensive list. Please consult your professor and/or class syllabus for more information on what
More informationGovernment Gazette Staatskoerant
Government Gazette Staatskoerant REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA Vol. 596 Pretoria, 11 February Februarie 2015 No. 38464 N.B. The Government Printing Works will not be held responsible
More informationFinancial Accounting (FA)/FFA September 2018 to August 2019
Financial Accounting (FA)/FFA September 2018 to August 2019 Guide to structure of the syllabus and Study guide This syllabus and study guide are designed to help with teaching and learning and is intended
More informationFinancial Accounting (F3/FFA) February 2013 to January 2014
Financial Accounting (F3/FFA) February 2013 to January 2014 This syllabus and study guide is designed to help with teaching and learning and is intended to provide detailed information on what could be
More informationIntroduction Financial record keeping Income statements The balance sheet Further adjustments to the income statement 47
CONTENTS Introduction 1 01 Financial record keeping 3 Introduction 3 Single-entry bookkeeping 4 Double-entry bookkeeping 6 Balancing accounts 10 The trial balance 13 Daybooks and ledgers 15 Modern double-entry
More informationGRAP Implementation in the SA Public Sector
Post-graduate short course: GRAP Implementation in the SA Public Sector 36-credit HEQF (2007) level 8 course: 120-hours contact The implementation of Generally Recognised Accounting Practice (GRAP) requires
More information6/10/2017 NOTE ORIENTATION. Unit Standard Apply the principles of budgeting within a municipality
NOTE DIPLOMA IN PUBLIC ACCOUNTABILITY MODULE 13 208 191 / Compliance and control 1 (4 UNIT STANDARDS) US 116345 Dr Len Mortimer Participants are advised to have access to: The respective learner guide,
More informationIntermediate Bookkeeping
Intermediate Bookkeeping Course map This document outlines the course structure. Course orientation Lesson 1: Welcome Lesson 2: Getting your diploma Lesson 3: How do I study this course? Unit 1: Welcome
More informationName Phone Logo
External Assessment Specifications Document Curriculum Code Qualification Title NQF Level 331303001 Tax Technician 6 Name Email Phone Logo Assessment Quality Partner South African Institute of Tax Practitioners
More informationAFRICAN PEER REVIEW: SAICA SUBMISSION ON QUESTION 2, OBJECTIVE 5 (CORPORATE GOVERNANCE)
17 February 2006 Natasha Pilley Department of Public Services Pretoria Email: Natasha@bpsa.gov.za Dear Ms Pilley AFRICAN PEER REVIEW: SAICA SUBMISSION ON QUESTION 2, OBJECTIVE 5 In response to the question
More informationACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE
ACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE EVENTS AFTER THE REPORTING DATE () Issued by the Accounting Standards Board February 2010 Acknowledgement The Standard of
More informationActivity to Develop and Demonstrate Competence. Describe the nature, scope and purposes of financial statements and their related records and accounts
Paper 1 Financial Accounting Aim This paper aims at testing students understanding of the basic accounting principles, and their ability to apply concepts of financial accounting and methods to record
More informationMINISTRY OF PRIMARY AND SECONDARY EDUCATION
ZIMBABWE MINISTRY OF PRIMARY AND SECONDARY EDUCATION ACCOUNTING SYLLABUS FORMS 5-6 2015 2022 Curriculum Development Unit P.O. Box MP 133 Mount Pleasant Harare All rights reserved 2015 ACKNOWLEDGEMENT The
More informationPART E: FINANCIAL INFORMATION
PART E: FINANCIAL INFORMATION This part of the report provides insight into the financial wellness of the organisation. It covers the following aspects: The statement of responsibility for the Annual Financial
More informationIAB Level 4 Certificate in International Accounting Standards and IFRS 603/3017/X. Qualification Specification
IAB Level 4 Certificate in International Accounting Standards and IFRS 603/3017/X Qualification Specification Contents 1 Introduction to the qualification... 2 2 Statement of level... 2 3 Aims... 2 4 Target
More informationACCOUNTING STANDARDS BOARD DIRECTIVE 5 DETERMINING THE GRAP REPORTING FRAMEWORK
ACCOUNTING STANDARDS BOARD DIRECTIVE 5 DETERMINING THE GRAP REPORTING FRAMEWORK Issued by the Accounting Standards Board March 2009 Accounting Standards Board P O Box 74219 Lynnwood Ridge 0040 Fax: +27
More informationFRS 102 Ltd. Report and Financial Statements. 31 December 2015
Registered number 123456 FRS 102 Ltd Report and Financial Statements 31 December 2015 Report and accounts Contents Page Company information 1 Directors' report 2 Strategic report 4 Independent auditors'
More informationIAB LEVEL 3 CERTIFICATE IN MANUAL BOOKKEEPING (QCF)
IAB LEVEL 3 CERTIFICATE IN MANUAL BOOKKEEPING (QCF) CONTENTS Qualification Accreditation Number 500/9260/1) (Accreditation review date 31 st December 2017) QUALIFICATION SPECIFICATION 1. Introduction 2.
More informationBusiness Accounting. macmillan. to Fini. 2nd edition. Jill Collis Andrew Holt Roger Hussey
Business Accounting to Fini 2nd edition By Jill Collis Andrew Holt Roger Hussey macmillan List of figures List of tables Preface Acknowledgements Acronyms xi xiii xv xvii xviii Part I The world of accounting
More informationExaminer s report F3 & FFA papers For CBE and Paper exams covering January to June 2016
Examiner s report F3 & FFA papers For CBE and Paper exams covering January to June 2016 General Comments There are two sections to the examination paper and all of the questions are compulsory. Section
More informationACC005 Challenges with the financial reporting of biological assets in a public entity
ACC005 Challenges with the financial reporting of biological assets in a public entity Me M van Biljon Department of Financial Accounting, University of South Africa, MCom (Accounting) candidate, marilene@asgisa-ec.co.za
More informationACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE
ACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE PRESENTATION OF FINANCIAL STATEMENTS (GRAP 1) Issued by the Accounting Standards Board February 2010 Acknowledgement The
More informationACCOUNTING STANDARDS BOARD INTERPRETATION OF THE STANDARDS OF GENERALLY RECOGNISED ACCOUNTING PRACTICE LOYALTY PROGRAMMES (IGRAP 6)
ACCOUNTING STANDARDS BOARD INTERPRETATION OF THE STANDARDS OF GENERALLY RECOGNISED ACCOUNTING PRACTICE LOYALTY PROGRAMMES () Issued by the Accounting Standards Board February 2010 Acknowledgement This
More informationFINANCIAL ACCOUNTING PART I
PART I SECTION 1 CPA CIFA STUDY TEXT KASNEB JULY 2018 SYLLABUS Revised on: January 2019 www.someakenya.com Contact: Page 1 SYLLABUS PAPER NO 1: GENERAL OBJECTIVE This paper is intended to equip the candidate
More informationRANBAXY SOUTH AFRICA (PTY) LTD (Registration Number 1993/001413/07) Audited Consolidated and Separate Annual Financial Statements for the year ended
Audited Consolidated and Separate Annual Financial Statements for the year ended 31 March Audited Consolidated and Separate Annual Financial Statements for the year ended 31 March Index The reports and
More informationVote 40 Health Service Executive Preparation of the Appropriation Account 2006 from the Annual Financial Statements 2006
Vote 40 Health Service Executive Preparation of the Appropriation Account 2006 from the Annual Financial Statements 2006 1. Introduction 1.1. The purpose of this document is to set out how the Appropriation
More informationFinancial Reporting Audit Compliance. Technology Draftworx Modules
Financial Reporting Audit Compliance Draftworx Developed by passionate accountants and auditors, striving to alleviate compliance issues and improve the efficiency of financial statement drafting as well
More information1 July Guideline for Municipal Competency Levels: Chief Financial Officers
1 July 2007 Guideline for Municipal Competency Levels: Chief Financial Officers issued in terms of the Local Government: Municipal Finance Management Act, 2003 Introduction This guideline is one of a series
More informationCFO: Ref: Nrcs ROLE PROFILE
POSITION TITLE MAIN PURPOSE OF ROLE LOCATION /DIVISION / DEPARTMENT GRADE KEY PERFORMANCE AREAS REQUIRED MINIMUM EDUCATION/TRAINING REQUIRED MINIMUM WORK EXPERIENCE TECHNICAL KNOWLEDGE / COMPETENCIES CHIEF
More informationLake Powell Almond Property Trust No.2
Lake Powell Almond Property Trust No.2 Annual report June 2010 Lake Powell Almond Property Trust No.2 Seven Fields Management Limited Responsible Entity Report The Directors of the Responsible Entity present
More information1 Theoretical Framework
1 Theoretical Framework This Chapter Includes : Meaning and Scope of Accounting, Accounting Concepts, Accounting Principles, Conventions and Standards - Concepts, Objectives, Benefits, Accounting Policies,
More informationNew_SA_GAAP Planning by Reviewed Performed by Final review 11.15
1. General 1.1. A balanced trial balance 1.2. Draft financial statements 1.3. Copies of minutes and resolutions not yet pasted into the minute books including those in the process of being signed. Statutory
More informationCOJ: MAYORAL COMMITTEE GROUP AUDIT COMMITTEE
REPORT OF THE GROUP AUDIT COMMITTEE OF THE CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY ON THE PROGRESS TO DATE IN THE EVALUATION OF THE DRAFT ANNUAL FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED
More informationCambridge IGCSE Accounting (0452)
www.xtremepapers.com Cambridge IGCSE Accounting (0452) International Accounting Standards (IAS) Guidance for Teachers Contents Introduction... 2 Use of this document... 2 Users of financial statements...
More informationLESOTHO GENERAL CERTIFICATE OF SECONDARY EDUCATION
LESOTHO GENERAL CERTIFICATE OF SECONDARY EDUCATION Lesotho General Certificate of Secondary Education Syllabus Accounting 0187 For examination in November 2018 National Curriculum Development Centre in
More informationAnnual financial statements
FINANCIAL SEVICES BOAD INTEGATED ANNUAL EPOT Annual financial statements 50 The reports and statements set out below comprise the annual financial statements presented to the parliament of the epublic
More informationACCOUNTING POLICIES 1. PRESENTATION OF ANNUAL FINANCIAL STATEMENTS 1.2 SIGNIFICANT JUDGEMENTS AND SOURCES OF ESTIMATION UNCERTAINTY
ACCOUNTING POLICIES 1. PRESENTATION OF ANNUAL FINANCIAL STATEMENTS The Annual Financial Statements have been prepared in accordance with the Standards of Generally Recognised Accounting Practice (GRAP),
More informationLake Powell Almond Property Trust No.3
Lake Powell Almond Property Trust No.3 Annual report June 2010 Lake Powell Almond Property Trust No.1 ARSN 109 022 880 Seven Fields Management Limited Responsible Entity Report The Directors of the Responsible
More informationPractical experience guidelines
Practical experience guidelines These Practical Experience Guidelines have been put together to make it easier for students and their employers to plan training. Under each heading are examples of the
More informationFinancial Reporting (UK) (F7)
Financial Reporting (UK) (F7) CR (P2) BA (P3) MAIN CAPABILITIES On successful completion of this paper, candidates should be able to: A Discuss and apply a conceptual framework for financial reporting
More informationPRINCIPLES OF ACCOUNTS
PRINCIPLES OF ACCOUNTS GCE ORDINARY LEVEL (SYLLABUS 7092) INTRODUCTION The syllabus aims to develop an understanding of the principles and concepts of accounting and their applications in a variety of
More informationIMPACT OF IGRAP 1 ON REVENUE CONSIDERATIONS: HOW COLLECTABILITY OF REVENUE AFFECTS RECOGNITION
IMPACT OF IGRAP 1 ON REVENUE CONSIDERATIONS: HOW COLLECTABILITY OF REVENUE AFFECTS RECOGNITION Many public sector entities are required in terms of legislation to provide non-exchange transactions, such
More informationACCOUNTING STANDARDS BOARD DIRECTIVE 7: THE APPLICATION OF DEEMED COST ON THE ADOPTION OF STANDARDS OF GRAP
ACCOUNTING STANDARDS BOARD DIRECTIVE 7: THE APPLICATION OF DEEMED COST ON THE ADOPTION OF STANDARDS OF GRAP Issued by the Accounting Standards Board December 2009 Acknowledgment This Directive is drawn
More informationMINISTRY OF EDUCATION
Republic of Namibia MINISTRY OF EDUCATION NAMIBIA SENIOR SECONDARY CERTIFICATE (NSSC) ACCOUNTING SYLLABUS ORDINARY LEVEL SYLLABUS CODE: 4345 GRADES 11-12 2010 DEVELOPED IN COLLABORATION WITH UNIVERSITY
More informationACCOUNTING STANDARDS BOARD PROPOSED AMENDMENTS TO STANDARDS OF GENERALLY RECOGNISED ACCOUNTING PRACTICE
ACCOUNTING STANDARDS BOARD PROPOSED AMENDMENTS TO STANDARDS OF GENERALLY RECOGNISED ACCOUNTING PRACTICE DISCONTINUED OPERATIONS (GRAP 100) (REVISED 2013) Issued by the Accounting Standards Board February
More informationEMIRATES NBD BANK PJSC
GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIOD ENDED 31 MARCH 2018 GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Contents Page Independent auditor s report
More informationQueensland Environmental Law Association Inc. ABN Financial Statements
Queensland Environmental Law Association Inc. Financial Statements For the Year Ended 30 June Contents For the Year Ended 30 June Financial Statements Committee's Report 1 Statement of Profit or Loss 2
More informationACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE EMPLOYEE BENEFITS (GRAP 25)
ACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE EMPLOYEE BENEFITS (GRAP 25) Issued by the Accounting Standards Board November 2009 Acknowledgment This Standard of Generally
More informationIM SYLLABUS (2020) ACCOUNTING IM 01 SYLLABUS
IM Syllabus (2020): Accounting IM SYLLABUS (2020) ACCOUNTING IM 01 SYLLABUS 1 Accounting IM01 Syllabus (Available in September) 1 Paper (3 hrs) Introduction The syllabus seeks to develop sound financial
More informationPROJECT HISTORY. Contact: Stephenie Fox December 2014
PROJECT HISTORY Contact: Stephenie Fox (stepheniefox@ipsasb.org) December 2014 The IPSASB had agreed at its September 2014 meeting that the proposed IPSAS on First-time Adoption of Accrual Basis International
More informationCS101 Introduction of computing
FINAL TERM EXAMINATION MGT101- Financial Accounting (PAPER 1). Question No: 1 (Marks: 1 ) basic accounting principle/concept according to which Business is independent from its owner(s) is known as: Separate
More informationNotes on responses from PSIRA regarding questions by Members of the PCOP during Annual Report hearings
27 November 2012 Notes on responses from PSIRA regarding questions by Members of the PCOP during Annual Report hearings 1. Purpose The purpose of this report is to provide Members of the Portfolio Committee
More informationCourse Outline. Introduction to accounting and accounting equation Ch.2, book 1 Section A
Course Outline Course Title: Fundamentals of Accounting Course No: BS (A&F): ACC 103 Class: BS (A &F), BS (Commerce), Course No: BS (Commerce): ACC 103 B.Com (Annual system): B.Com (Annual system): Part
More information5 5BC G877?H> JKLMNOPQO S TUOVWO S XVNYO
.!# /01/.!# /2& 3'**$!"#$ &'( )#$$'*&*!' +,$- * 5851 5 789:;;?@?A 5BC DE 012345678 45678 44 1851 8 8 458 5 56214 JKLMNOPQO S TUOVWO S XVNYO SFRS FOR SMALL ENTITIES DISCLOSURE AND
More informationE1-E2 Accounting Standards And Ratio analysis
E1-E2 Accounting Standards And Ratio analysis For internal circulation of BSNLonly 1 WELCOME This is a presentation for the E1-E2 (Finance) Module for the Topic: Accounting standards and Ratio analysis
More informationIAB LEVEL 2 AWARD IN MANUAL BOOKKEEPING (QCF)
IAB LEVEL 2 AWARD IN MANUAL BOOKKEEPING (QCF) CONTENTS Qualification Accreditation Number 601/0480/6 (Accreditation review date 31 st December 2017) QUALIFICATION SPECIFICATION Introduction 1. Aims 2.
More informationISP FINANCE SERVICES LIMITED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2017
FINANCIAL STATEMENTS FINANCIAL STATEMENTS CONTENTS Page (s) Independent Auditor's Report 1-6 Statement of Financial Position 7 Statement of Comprehensive Income 8 Statement of Changes in Equity 9 Statement
More informationCOMMENTS ON STANDARDS OF GENERALLY ACCEPTED MUNICIPAL ACCOUNTING PRACTICE (GAMAP)
COMMENTS ON STANDARDS OF GENERALLY ACCEPTED MUNICIPAL ACCOUNTING PRACTICE (GAMAP) Introduction The Accounting Standards Board (Board) approved the exposure of the Standards of GAMAP, at the Board meeting
More information01 Introduction to Financial Statements Acctg 102
Introduction to Financial s Describe the financial reporting environment and explain the accounting assumptions, principles, and qualitative characteristics underlying financial statements. Describe the
More informationP O Box Lynnwood Ridge 0040 Tel: Fax: STANDARDS OF GENERALLY ACCEPTED MUNICIPAL ACCOUNTING PRACTICE
P O Box 74129 Lynnwood Ridge 0040 Tel: 011 697 0660 Fax: 011 697 0666 STANDARDS OF GENERALLY ACCEPTED MUNICIPAL ACCOUNTING PRACTICE STANDARDS OF GENERALLY ACCEPTED MUNICIPAL ACCOUNTING PRACTICE CONTENTS
More informationProspera Credit Union. Consolidated Financial Statements December 31, 2008 (expressed in thousands of dollars)
Consolidated Financial Statements February 19, 2009 Auditors Report To the Members of We have audited the consolidated balance sheet of as at and the consolidated statements of income and comprehensive
More informationExample Accounts Only
CaseWare Australia & New Zealand Large Streamlined Pty Ltd Financial Statements Disclaimer: These financials include illustrative disclosures for a large proprietary company lodging financial statements
More informationACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE REVENUE FROM NON-EXCHANGE TRANSACTIONS (TAXES AND TRANSFERS) (GRAP 23)
ACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE REVENUE FROM NON-EXCHANGE TRANSACTIONS (TAXES AND TRANSFERS) (GRAP 23) Issued by the Accounting Standards Board February
More informationCourse Descriptions for the Department of Accounting
Course Descriptions for the Department of Accounting 53101 PRINCIPLES OF ACCOUNTING (1) {3} [3-3] Evolution of Accounting Science; Accounting as information system; accounting cycle; double entry; analysis
More informationThe basics November 2013
versus The basics November 2013 Table of contents Introduction... 2 Financial statement presentation... 3 Interim financial reporting... 6 Consolidation, joint venture accounting and equity method investees/associates...
More informationACCOUNTING STANDARDS BOARD DIRECTIVE 5 DETERMINING THE GRAP REPORTING FRAMEWORK
ACCOUNTING STANDARDS BOARD DIRECTIVE 5 DETERMINING THE GRAP REPORTING FRAMEWORK Issued by the Accounting Standards Board March 2009 Accounting Standards Board P O Box 74219 Lynnwood Ridge 0040 Fax: +27
More informationRANBAXY PHARMACEUTICALS (PTY) LTD (Registration Number 1993/003111/07) Audited Consolidated and Separate Annual Financial Statements for the year
Audited Consolidated and Separate Annual Financial Statements for the year ended 31 March Audited Consolidated and Separate Annual Financial Statements for the year ended 31 March Index The reports and
More information1 Theoretical Framework
1 Theoretical Framework This Chapter Includes: Meaning and Scope of Accounting, Accounting Concepts, Accounting Principles, Conventions and Standards - Concepts, Objectives, Benefits, Accounting Policies,
More informationACCOUNTING POLICIES OF THE ECONOMIC ENTITY TO ACCOMPANY ITS FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014
8 1. BASIS OF PREPARATION and STATEMENT OF COMPLIANCE These Consolidated Financial Statements have been prepared in accordance with Generally Recognised Accounting Practice (GRAP) including any interpretations,
More informationAdvanced Financial Accounting
Advanced Financial Accounting Course Text Professional, Practical, Proven www.accountingtechniciansireland.ie 100034 Adv_ Fin_Acc_15 - Manual.indb 1 04/08/2015 15:19 100034 Adv_ Fin_Acc_15 - Manual.indb
More informationCATHOLIC PROFESSIONAL STANDARDS LIMITED FINANCIAL REPORT FOR THE PERIOD ENDED 30 JUNE 2017
FINANCIAL REPORT FOR THE PERIOD ENDED REPORT The Directors of Catholic Professional Standards Limited present this report to its members for the financial period ended 30 June 2017. Directors The names
More informationACCOUNTING STANDARDS BOARD DIRECTIVE 5 DETERMINING THE GRAP REPORTING FRAMEWORK
ACCOUNTING STANDARDS BOARD DIRECTIVE 5 DETERMINING THE GRAP REPORTING FRAMEWORK Issued by the Accounting Standards Board March 2009 Copyright 2017 by the Accounting Standards Board All rights reserved.
More informationTHE INSTITUTE OF RISK MANAGEMENT SOUTH AFRICA (Registration number NPO) ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018
THE INSTITUTE OF RISK MANAGEMENT SOUTH AFRICA ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018 These annual financial statements were prepared by: A Fell CA (SA) Chartered Accountant (S.A.)
More informationIAS 34 compliance checklist
Warning This checklist summarises the requirements set out in IAS 34 Interim Financial Reporting. This checklist may be used to assist in considering compliance with that Standard. It is not a substitute
More informationThe basics November 2012
versus The basics November 2012!@# Table of contents Introduction... 2 Financial statement presentation... 3 Interim financial reporting... 6 Consolidation, joint venture accounting and equity method
More informationCAMBODIAN ACCOUNTING STANDARDS (CAS)
CAMBODIAN ACCOUNTING STANDARDS (CAS) 1 - CAS 1 : Presentation of Financial Statements an Audit of Financial Statements 2 - CAS 2 : Inventories 3 - CAS 7 : Cash Flow Statements 4 - CAS 8 : Net profit or
More informationMANNING POINT BOWLING CLUB LIMITED
MANNING POINT BOWLING CLUB LIMITED Audited Financial Report For the year ended 30 June 2018 Business Without Boundaries CONTENTSNTENTS Directors report Auditor s independence declaration Statement of comprehensive
More informationCAISSE POPULAIRE GROUPE FINANCIER LTÉE. Consolidated Financial Statements For the year ended September 30, 2011
CAISSE POPULAIRE GROUPE FINANCIER LTÉE Consolidated Financial Statements For the year ended September 30, 2011 Consolidated Financial Statements For the year ended September 30, 2011 Contents Independent
More informationProspera Credit Union. Consolidated Financial Statements December 31, 2009 (expressed in thousands of dollars)
Consolidated Financial Statements February 18, 2010 PricewaterhouseCoopers LLP Chartered Accountants PricewaterhouseCoopers Place 250 Howe Street, Suite 700 Vancouver, British Columbia Canada V6C 3S7 Telephone
More informationDIRECTIVE 6 TRANSITIONAL PROVISIONS FOR REVENUE COLLECTED BY THE SOUTH AFRICAN REVENUE SERVICE (SARS)
DIRECTIVE 6 TRANSITIONAL PROVISIONS FOR REVENUE COLLECTED BY THE SOUTH AFRICAN REVENUE SERVICE (SARS) Issued by the Accounting Standards Board July 2009 Directive 6 Copyright 2009 by the Accounting Standards
More informationConsolidated Financial Statements. December 31, 2017
Consolidated Financial Statements February 22, 2018 Independent Auditor s Report To the Members of Steinbach Credit Union Limited We have audited the accompanying consolidated financial statements of Steinbach
More informationShuttleworth Foundation Trust Group consolidated financial statements for the period ended 31 December 2011
Shuttleworth Foundation Trust Group consolidated financial statements Shuttleworth Foundation Trust Group Settlor Mr M R Shuttleworth Established 7 January Trust information Trustee Orbital Administration
More informationINDEPENDENT AUDITOR S REPORT TO THE MEMBERS OF AUSTRALIAN MARKETING INSTITUTE LIMITED Report on the Financial Report We have audited the accompanying financial report of Australian Marketing Institute
More informationIPSAS 1- Financial Statements Presentation. -Mandatory and Non- Mandatory disclosures
IPSAS 1- Financial Statements Presentation. -Mandatory and Non- Mandatory disclosures Presentation by: By Mr. Abdullatif Essajee Wednesday, 18 th October 2017 Uphold public interest IPSAS 1: Presentation
More informationCourse 7804: Financial Analysis and Corporate Valuation - Comprehensive Workshop (5 days) Course introduction. Topics
Course 7804: Financial Analysis and Corporate Valuation - Comprehensive Workshop (5 days) Course introduction The Financial Analysis section of the course will help participants understand and analyze
More informationCONSOLIDATED FINANCIAL STATEMENTS. December 31, 2016
CONSOLIDATED FINANCIAL STATEMENTS February 23, 2017 Independent Auditor s Report To the Members of Steinbach Credit Union Limited We have audited the accompanying consolidated financial statements of Steinbach
More informationObservations by the Financial Statements Review Committee 1 January December 2009
Observations by the Financial Statements Review Committee 1 January 2009 31 December 2009 The Financial Statements Review Committee (FSRC) of the Institute reviews audited financial statements with the
More informationNational Patient Transport Pty Ltd and controlled entities ABN
National Patient Transport Pty Ltd and controlled entities Consolidated Financial report For the year ended 30 June 2017 TABLE OF CONTENTS Directors' report... 1-3 Auditor's independence declaration...
More informationUnit Standard : Apply the principles of budgeting within a municipality. Karel van der Molen
Unit Standard 116345: Apply the principles of budgeting within a municipality Karel van der Molen Group The full programme 1. Strategic Management; Budgeting Implementation & Performance Management 2.
More informationCEMATRIX CORPORATION Consolidated Financial Statements (in Canadian dollars) December 31, 2014
Consolidated Financial Statements (in Canadian dollars) December 31, 2014 Management s Responsibility for Financial Reporting To the Shareholders: CEMATRIX CORPORATION Management has responsibility for
More informationPRINCIPLES OF ACCOUNTS
PRINCIPLES OF ACCOUNTS Paper 7110/11 Multiple Choice Question Number Key Question Number Key 1 B 16 B 2 D 17 C 3 B 18 B 4 A 19 A 5 D 20 D 6 A 21 C 7 C 22 A 8 D 23 D 9 A 24 B 10 C 25 C 11 C 26 C 12 B 27
More informationBE-TABS INVESTMENTS (PTY) LTD (Registration Number 1993/003349/07) Audited Annual Financial Statements for the year ended 31 March 2017
Audited Annual Financial Statements for the year ended 31 March 2017 Index The reports and statements set out below comprise the annual financial statements presented to the shareholder: General Information
More informationACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE REVENUE FROM NON-EXCHANGE TRANSACTIONS (TAXES AND TRANSFERS) (GRAP 23)
ACCOUNTING STANDARDS BOARD STANDARD OF GENERALLY RECOGNISED ACCOUNTING PRACTICE REVENUE FROM NON-EXCHANGE TRANSACTIONS (TAXES AND TRANSFERS) () Issued by the Accounting Standards Board February 2008 Acknowledgement
More informationDrafting Financial Statements (Central Government) (DFSC) (2003 standards)
Drafting Financial Statements (Central Government) (DFSC) (2003 standards) Suggested Answers SECTION 1 Task 1.1 Journal Entries Ref Account Account code Dr 000 Cr 000 a Prepayments Rent 2522 7130 21 21
More informationALBARAKA BANK LIMITED
ALBARAKA BANK LIMITED (Registration No. 1989/003295/06) Bi-annual disclosures in terms of Banks Act, Regulation 43 June 2017 Contents 1. Scope of application 2. Basis of compilation 3. Financial Results
More information