Financial Reporting Training for 65 Government Comptrollers, Accountants

Monrovia, Liberia -  A financial reporting training aimed at strengthening the capacities of comptrollers and accountants of government agencies got underway Wednesday, May 12, 2021, in Buchanan, Grand Bassa County.

Over 65 comptrollers and accountants from various agencies of government attend the three days capacity building training.

It is being organized by the Comptrollers and Accountants General Department at the Ministry of Finance and Development Planning, and under the theme: “Using the IFMIS free balance Platform to Generate Reports and Prepare Financial Statements”.

Making remarks at the opening session, the Director for Technical Services within the comptrollers and accountant general department, Dede D. Sandman said the issue of financial reporting has been regular activities at the ministry of finance through the comptrollers and accountant general office.

He said under the new PFMU amendment and restated law signed into handbill by the President in October 2019, mandates the comptroller and accounting department to request for timely financial reports from all accountants and comptrollers across ministries and agencies.

According to him, the law mandates that all comptrollers and accountants across the country will now have a reporting responsibility to report to the Comptrollers and accountants general department.

The comptrollers and accountants department is responsible for regular rotations of accountants and comptrollers in ministries and agencies across the country to avoid delay in reporting process if he or she is not reporting on time.

The usages of the Integrated Financial Management Information free balance System (IFMIS)is a platform that is used by the government of Liberia to process all government transactions.

‘’ We are also trying to enlighten the minds of comptrollers in generating reports from the IFMIS free balance system and preparing the financial system” He added.

“We also expect a good monitoring and evaluation system across the government because our statistics show that we are still in the learning process. Efficiency in preparation of financial statements for submission to the comptrollers and accountants office will be timely”.