GRAP 25 - Employee benefits

CPD hours:  1

Imagine a public sector entity preparing its annual financial statements. Beyond simply reporting salaries and wages, it needs to give stakeholders a clear view of the obligations the entity has to its employees and how these are managed. This is where GRAP 25 comes into play.

GRAP 25 provides the framework for recognising, measuring, and disclosing employee benefits in South Africa’s public sector. It ensures that short-term benefits like salaries, leave, and bonuses, as well as long-term benefits such as post-employment pensions and other retirement obligations, are accounted for in a consistent and transparent manner.

For example, a municipality can use GRAP 25 to show amounts owed for accrued leave, contributions to pension funds, and other post-employment benefits. This allows decision-makers, oversight bodies, and the public to understand the full scope of employee-related obligations and the impact on the entity’s financial position.

By standardising how employee benefits are reported, GRAP 25 strengthens accountability, supports better financial planning, and provides a clear picture of the entity’s ability to meet its commitments to employees. It is not just about recording salaries; it is about showing how the organisation manages its human resource obligations responsibly for the benefit of both employees and the community.

What you will learn

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

• Explain the term employee benefits.
• Discuss the accounting treatment of employee benefits.
• Explain the disclosure requirements for employee benefits.

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.