Our accounting program puts a strong emphasis on International Public Sector Accounting Standards (IPSAS) and on helping SEE countries strengthen their accounting systems by moving to accrual-based accounting. We offer workshops program and certification program for public sector accountants.

Accounting Workshops

The 2019 learning program will support a well-planned transition on applicable accrual-based accounting standards, and mobilization of key stakeholders in the process. Our workshops will maintain the focus on reforming national accounting and financial reporting systems to accrual accounting requirements. To support closer alignment with international standards and best practices in these specific areas, we will support capacity development of finance ministries as centers of reform coordination and line ministries as points of principal service delivery. In addition, we continue supporting complementary learning initiatives in the area of Government Finance Statistics, promoting a better understanding of the links and differences between International Public Sector Accounting Standards and Government Finance Statistics based reporting.

For more information on our Accounting program, please contact Jasmina Popović and Jovana Koloski.

Public Accountants Certification Training (PACT)

We facilitate PACT that is internationally recognized professional qualification program designed by our UK partner, the Chartered Institute of Public Finance and Accountancy (CIPFA). It combines theory and practical experience; topics include managerial accounting, finance and contract management, International Public Sector Accounting Standards (IPSAS), various approaches in sound financial management, and audit and assurance. These issues make a sound base for public sector employees as they transition to accrual accounting and explore the steps to be taken as part of introducing IPSAS.

The PACT is designed for public sector employees who hold a bachelor’s degree and have relevant practical experience. It consists of two levels, the certificate and the diploma level, and include the following modules:

Certificate Level:

  • Management Accounting
  • Financial Accounting
  • National Public Finance Legislation and Accounting Legislation and Taxation

Diploma Level:

  • Audit and Assurance
  • Financial Management
  • Business and Change Management
  • Public Sector Financial Reporting

The register of successful PACT (and former Capacity Building in Public Accounting – CBIPA program) graduates that agreed with public listing can be found here.

For more information on PACT, please contact Jasmina Popović, Program Specialist.

PACT in Montenegro

Project Coordinator in Montenegro are Tijana Vakirević and Olivera Perković. The project is supported by:

Ministry of Finance of the Slovak Republic Slovenia's Development Cooperation Ministry of Finance Montenegro
Center of Excellence in Finance (CEF) The Chartered Institute of Public Finance and Accountancy (CIPFA)