EU DELEGATION TO ARMENIA HELD TRAINING SEMINARS FOR ARMENIAN NGOS

PanARMENIAN.Net
02.04.2010 18:00 GMT+04:00

/PanARMENIAN.Net/ The Delegation of the European Union to Armenia
organized 2 training seminars on "Financial Procedures related to
EU grant contracts in Armenia", which were held on 30 and 31 March,
2010 at the Marriott Hotel in Yerevan. They were financed through 2
main programs: DCI (Development Cooperation Instrument for Non-State
Actors & Local Authorities) and EIDHR (European Instrument for
Democracy and Human Rights), the Delegation said in a press release

The aim of the trainings was to provide comprehensive information on
financial and accounting matters related to EU grant contracts.

Training included an introduction to the best accountancy practices,
link between the Armenian tax laws, accounting standards and the
EU financial reporting requirements and a presentation of internal
control procedures.

More than 40 financial managers, accountants and project managers of
all the beneficiaries of grant contracts (Non State Actors (NGOs),
local authorities, public administrations, etc.) participated in the
trainings presented by the audit firm Grant Thornton Amyot.

Given the positive feedback from the participants, the Delegation will
consider organizing other trainings in the future, with an emphasis
on accounting practices and tax problems.