GRAP 1 - Presentation of AFS

CPD hours:  1

Financial statements are more than just compliance documents — they are essential tools for communicating an entity’s financial performance and position. In the public sector, these statements support transparency, accountability, and informed decision-making by a wide range of users, including taxpayers, donors, and lenders. This course introduces the principles of GRAP 1 and explains how to present financial statements in a clear, consistent, and decision-useful manner. You will explore the structure, content, and presentation requirements of a complete set of financial statements, supported by practical examples and case studies.

What you will learn

By the end of this course, you will be able to:

• Identify the components of a complete set of financial statements.
• Understand how to present financial information clearly and consistently.
• Apply key presentation principles such as materiality, going concern, and comparability.
• Recognise when and how to disclose additional information.

Important information

• Certificates will be issued on the date of successful completion of the assessment and will reflect that date.
• Course access is valid for 12 months, after which the course will close.
• No updates will be made to the course during the 12-month access period. If updates become available, they will be released in a new course available for purchase on our website.
• For Altimax terms and conditions, please refer to our website.