Implementation of International Public Sector Accounting Standards Strategy 2: Full scale piloting of the public sector accounting standards and manual and development and implementation of the automated accounting system.

The project concerned the formulation and first phases of implementation of the new Armenian public sector accounting standards. The main tasks included:

• Update of public sector accounting standards to comply with the Ministry of Finance accounting instruction and international standards;
• Update draft accounting legal framework and manual and subsequently pilot the new documents;
• Finalisation accounting legal framework and manual;
• Development of a detailed implementation plan for the introduction of the new system;
• Training of trainers;
• Preparation of system requirements specifications for Automated Accounting System (AAS) and subsequent introduction and piloting of the AAS.