Ministry of Finance of Azerbaijan has summed up the training on the application of international accounting standards in the Nakhchivan Autonomous Republic.
According to a press release of the Ministry of Finance (http://maliyye.gov.az/node/1588), studies conducted among accountants funded organizations under the "Reporting in the corporate and private sectors" (CAP / SAP).
This is the first step in a series of trainings on the territory of Azerbaijan. The purpose of training is increase of theoretical knowledge and practical skills.
Earlier it was reported that the Board of Directors of the World Bank in March 2008 approved a loan for Azerbaijan of $ 11 million on the said draft CAP / SAP. The total cost of the project is $ 24 million
The missing 13 million is distributed among the stakeholders as follows - $ 8 million was allocated by Azerbaijani government, $ 3 million - through a grant from the Government of Japan, another $ 2 million - a grant from the State Secretariat for Economic Affairs (SECO). - 17D-
Economics
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