IFRS for SME Training of trainers is completed

On December 6-7 and 13-15, 2018, SavvY organized a training for Georgian trainers on IFRS for SMEs. The training was part of the programme to promote the implementation of IFRS for SMEs for second and third category enterprises initiated by the Service of Accounting, Reporting, and Auditing Supervision (SARAS) of the Ministry of Finance of Georgia and supported by the United States Agency for International Development (USAID) under the Governing for Growth" (G4G) project.

The training sessions were conducted by trainers from an English-speaking ToT. They were recommended by international expert Michael Wells.

Training participants represented universities and vocational training institutions as well as local and international private sector accounting firms. Participants received customized materials to help accountants and financial managers of small and medium-sized enterprises implement IFRS for SMEs.

A total of 88 trainers were trained, including 14 participants from 4 different regions, which will definitely increase the qualification of financial professionals in these regions.

In 2019, pilot trainings for end users will start under the same programme. The standard training modules are still being translated and will be available to all interested parties from the end of July 2019.

We are very pleased to have SavvY as part of this programme and to have the opportunity to contribute to the promotion of financial awareness and implementation of IFRS for SMEs across the country.

Our team wishes the IFRS for SME educators the best of luck.