Accrual Accounting Frameworks (NQF Level 7)

Accrual Accounting Frameworks course is offered by PSAAA (Public Sector Accountancy And Audit Academy). We are an accredited institution, offering training to public sector accounting and auditing professionals.

We help to increase your knowledge, skills, and abilities to improve competency and productivity. We increase the knowledge and skills to ensure accountability in the prudent management of public financial resources.

Outline:

• Discuss the application of international reporting standards, GRAP & IFRS on the distinctive
• Public Sector approach to budgeting as a mechanism of control and for the authorisation of expenditure
• Outline the principles of interpreting financial statements and related disclosures
• Discuss the accounting systems required to process transactions relevant to implement financial accounting
• Demonstrate an understanding of the key concepts, theories and principles related to Financial Accounting and Reporting. using GRAPH
• Interpret Financial Statements that have been drawn up using GRAP Standards of Accounting
• Demonstrate the ability to record transactions (bookkeeping of transactions) as in the relevant standards of GRAP
• Interpret recorded transactions as related to the relevant standards and note deficiencies in the reporting according to GRAP Standards of Accounting
• Analyse accounts and make decisions based on the analysis (Management Accounts and Financial Statements)
• Understand and interpret budgeting deficiencies and areas of concern through analysis of budget versus actual in terms of GRAP Standards of Accounting
• Understand, record and analyse notes –the financial statements according to the relevant GRAP Standard of Accounting