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Improvement of financial management system
Cource Description

The scope of work of Project is following:

1.    Development of financial management policy (if exists, its reviewing and improvement).

2.    Transition of financial reports into IFRS.

3.    Identification of balance value of institution.

4.    Development of financial analysis system of institution (if exists, its reviewing and improvement).

5.    Development of internal pricing system (if exists, its reviewing and improvement).

6.    Development of cost calculation system (if exists, its reviewing and improvement).

7.    Development of budgeting system (if exists, its reviewing and improvement) r.

Results achieved from implementation of the project:

  • Institution has financial management policy in agreement with IFRS.

  • The balance value of institution is identified.

  • Institution has internal pricing system.

  • Institution is capable to calculate costs of goods sold and services provided.

  • Institution has a budget system, as well as financial control process, reflecting all of its business activities.

  • Management and related staff have adequate level of knowledge and skills on  financial management.

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