GRAP definition

GRAP means generally recognised accounting practices.

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GRAP means the Generally Recognised Accounting Standards.

GRAP means Generally Recognised Accounting Practices “MFMA” means Municipal Finance Management Act 56 of 2003 “Municipality” means Mohokare Local Municipality

Examples of GRAP in a sentence

It ensures that all assets are properly received in good order, recorded and accounted for in accordance with GRAP standards.
The Finance function is responsible for maintaining accurate financial records that comply with relevant accounting standards (i.e. GRAP, Treasury Regulations).
Projects on immovable assets are managed in line with the stipulated requirement and accounted for in terms of GRAP standards during the project period and when the asset becomes operational.
During the planning cycle the function will amongst others focus on the following:  Adoption of Standards of Generally Recognised Accounting Practice (GRAP);  Utilisation of technology to improve efficiencies and drive innovation such as automated reporting; and  Improved internal control and management reporting.
G-RAP specific operations must be discussed in the offeror’s proposal Volumes I and III, in accordance with the other instructions contained within the RFP.

More Definitions of GRAP

GRAP means the Generally Recognised Accounting Standards. “HOD” head of department

GRAP means the Standards on Generally Accepted Accounting Practice, as issued by the Accounting Standards Board

GRAP means Generally Recognised Accounting Practice;

GRAP means Generally Recognized Accounting Practice.

GRAP. ’ means Generally Recognised Accounting Practices standards.

GRAP means Generally Recognised Accounting Practices “MFMA” means Municipal Finance Management Act 56 of 2003 “Municipality” means Steve Tshwete Local Municipality “Reporting date” means 30 June of each year

GRAP means Generally Accepted Accounting Practices standards.