GRAP 23 - Revenue from non-exchange transactions

CPD hours:  1

Imagine a municipality collecting taxes, receiving grants, or accepting donated assets. These resources come without an equal exchange in return, and that is where GRAP 23 steps in.

GRAP 23 sets out how public sector entities recognise and present revenue from non-exchange transactions, such as taxes, transfers, and donations. It ensures consistency and transparency, helping stakeholders see not just what was received, but also the conditions attached and how resources are applied.

By standardising this reporting, GRAP 23 strengthens accountability, supports better financial planning, and shows how public resources are managed to serve communities.

What you will learn

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

• Explain the meaning of a non-exchange transaction.
• Discuss the recognition and measurement for non-exchange transactions.
• Explain the presentation and disclosure requirements for revenue from non-exchange transactions.

Important information

Please take note of the following important details regarding your course access and certification:

• 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 the Altimax terms and conditions, please refer to our website.