How you benefited

The Financial Accounting module provided an introduction to accounting theory, ethics, bookkeeping and the preparation of financial statements, which are all fundamental to the stewardship role performed by finance professionals in modern organisations.

In-class training for Financial Accounting module were conducted in January and February 2019, followed by examination sitting in March 2019 and re-sit exam, scheduled for September 2019. Participants, who successfully finish all exams will be awarded with internationally recognized CIPFA certificate. 

What will you learn

The module set out the purpose of financial accounting, the needs of the users of accounting information, and the general regulatory framework. The student was taken through the main processes involved in financial accounting, from using ledgers to record transactions, through the use of control procedures, to the end result of preparing complete financial statements in standard formats. There was a brief coverage of a limited number of International Financial Reporting Standards (IFRSs). The essential elements of ethics, values and attitudes as they apply to the accounting profession were introduced.

Who should attend

In-class training and exams are available for accountants who work in public sector of Montenegro and are enrolled in the certification training project. 

Faculty (tutors)

The training is delivered by a team of seven Montenegrin experts (tutors):

Milica Daković Tadić, Teacher Assistant at University of Donja Gorica, Faculty for International Economy, Finance and Business 

Mladen Vlahović, Ministry of Finance of Montenegro, Central Harmonization Unit

Ivan Zvicer, Ministry of Education and Sport

Bojana Jovetić, Ministry of Public Administration, Montenegro

Ana Lalević Filipović, Professor at the University of Montenegro, Faculty of Economics

Irena Janković, Center for Vocational Education

Rajka Tomović, Municipality Mojkovac

 

 

Partners

This learning initiative is financially supported by the Ministry of Finance of the Slovak Republic, and the Slovene Ministry of Foreign Affairs through Slovenia's International Development Cooperation. The Ministry of Finance of Montenegro and the CEF will provide in-kind support to the project.