Azerbaijani state agencies accelerate transition to int’l accounting
Azerbaijan, Baku, Sept. 15 / Trend A. Akhundov /
The Azerbaijani Finance Ministry has begun holding the courses for the specialists of the organizations, financed from the state budget within the Corporate and Public Sector Accountability Project (CAPSAP), the ministry said on Friday.
The courses on "Basis of International Accounting" and "Preparation of new financial reports" are held in financial research and educational center at the Ministry of Finance.
The courses will start on September 17. They will be carried out by local and foreign experts.
The total project cost is $ 24 million. The loan agreement for the project was signed in September 2008. Its implementation will continue until late December 2012.
The project is financed by a WB loan to the amount of $11 million, the Japanese Fund PHRD's grants ($3 million) and SECO ($2 million), the share of the Azerbaijani government ($8 million).