U.S. Embassy Expands Training Opportunities for Turkmen Accountants
(Targeted News Service Via Acquire Media NewsEdge) ASHGABAT, Turkmenistan, Aug. 26 -- The U.S. Embassy in Turkmenistan issued the following news release:
Last week the United States Agency for International Development (USAID), in joint cooperation with Chevron, launched a series of courses on financial accounting to further support the Government of Turkmenistan's reform of the national accounting system. Part of the USAID-supported Certified International Professional Accountant (CIPA) program, the courses focus on numerous topics, such as financial statement presentation, accruals concepts, and financial instruments, and are a prerequisite for individuals seeking to obtain the internationally-recognized qualification of Certified Accounting Practitioner. Approximately 120 public sector accountants are currently attending the training in six centers located in Ashgabat and other major cities.
Attendees, only a few days into the training, stated that they've already come to understand why International Financial Reporting Standards (IFRSs) are so important.
"It's as if accountants and managers from different countries are learning to speak one financial language, so that they can understand the state of each other's companies or organizations," an accountant from Turkmenistan's Balkan region said.
Other participants commented that what they are gaining from the course will better prepare them to apply the IFRS-based National Financial Reporting Standards, due to be introduced in Turkmenistan starting January 1, 2014. With this effort, the Government of Turkmenistan aims to bring its national accounting system into compliance with international standards in order to bolster economic development and attract more foreign investment.
This latest round of financial accounting training will continue through September 6, 2013.
TNS 30VitinMar-130831-4473217 30VitinMar
(c) 2013 Targeted News Service
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