EU Delegation to Armenia hosts training seminars for Armenian NGOs

EU Delegation to Armenia hosts training seminars for Armenian NGOs

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 programmes: DCI (Development Cooperation Instrument for Non-State Actors & Local Authorities) and EIDHR (European Instrument for Democracy and Human Rights).

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 practises and tax problems.

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