Armenian SME face double-entry bookkeeping problem

Armenian SME face double-entry bookkeeping problem

PanARMENIAN.Net - During the June 17 sitting, Armenian government decided to publish the international standards of financial reporting for small and medium enterprises, what will provide with the opportunity to significantly simplify bookkeeping and make it more efficient.

Armenian Prime Minister Tigran Sargsyan noted that many organizations have to keep records by both old and new standards, making unjustified expenditures. "This issue should be solved, even if legislative changes are essential for it," he said.

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