Development of the National Accounting System

Dec 1, 2017

Ashgabat, November 28, 2017: The United Nations Development Program (UNDP), with the support of the Ministry of Finance and Economy of Turkmenistan, is regulating and phasing in the implementation of the national accounting system in accordance with international financial reporting standards. To achieve this, UNDP has launched the project "Supporting the improvement of the accounting system in Turkmenistan", which is jointly financed and implemented by UNDP and the Ministry of Finance and Economy of Turkmenistan.

Within the framework of this cooperation, a seminar was held to discuss draft normative legal documents and guidelines on the application of national accounting standards. This was prepared in the framework of the joint project of UNDP and the Ministry of Finance and Economy of Turkmenistan.

As Ms. Valeriya Getman, UNDP expert, stated during the meeting: "This project helps to improve the understanding of private and state commercial enterprises on the practical application of new national accounting standards. This, in turn, will help them prepare financial reports in accordance with the international standards of financial accounting of Turkmenistan and attract foreign investment in the economy of Turkmenistan".

The seminar was attended by representatives of various government ministries and departments of Turkmenistan, UNDP staff as well as international expert Ms. Valeriya Getman.

Contact Information

Valeriya Danilchenko

Project Manager

Email: valeriya.danilchenko@undp.org

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