Parede Informasaun
Training program in Business Record-Keeping and Accounting for MSMEs in Timor-Leste
Training program in Business Record-Keeping and Accounting for MSMEs in Timor-Leste
06 | 06 | 2016
06 | 06 | 2016
Dili, 6 June 2016
Banco Central de Timor-Leste (BCTL), working together with Câmara de Comércio e Indústria de Timor-Leste (CCI-TL), has launched the first in a proposed series of training programs to strengthen micro, small and medium-sized enterprises (MSMEs) in business record-keeping and accounting, including the preparation of loan proposals.
The programs are being provided to strengthen the private sector, being a key element of the BCTL’s strategy to develop the economy of Timor-Leste.
The initial training program includes participants from all twelve municipal regions, including Região Administrativa Especial de Oé-Cusse Ambeno, and is organized into four groups. Each group comprises 20 participants and the initial round of training will take place in Dili as follows:
1. 1st Group 3 to 17 June 2016
2. 2nd Group 11 to 22 July 2016
3. 3rd Group 8 to 19 August 2016
4. 4th Group 5 to 16 September 2016
The objective of the training program is to give the participants basic skills in business record-keeping and accounting based on international best practices for MSMEs, such as International Financial Reporting Standards. It is intended that the participants will use their skills to raise the standard of financial management and governance of small enterprises in Timor-Leste.
Participants will also receive training in preparing loan proposals, including the requirements for making loan applications at commercial banks in Timor-Leste, and advice on the standard methods to write loan proposals.
The BCTL has facilitated the development of the training modules and set the criteria for individuals to participate, while CCI-TL has selected the participants and will be responsible for monitoring the ongoing implementation of the program in the related businesses.
At the end of the training programs, the performance of each participant will be evaluated so the BCTL and Câmara de Comércio e Indústria de Timor-Leste can assess the effectiveness of the program to the participants.
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Banco Central de Timor-Leste (BCTL), working together with Câmara de Comércio e Indústria de Timor-Leste (CCI-TL), has launched the first in a proposed series of training programs to strengthen micro, small and medium-sized enterprises (MSMEs) in business record-keeping and accounting, including the preparation of loan proposals.
The programs are being provided to strengthen the private sector, being a key element of the BCTL’s strategy to develop the economy of Timor-Leste.
The initial training program includes participants from all twelve municipal regions, including Região Administrativa Especial de Oé-Cusse Ambeno, and is organized into four groups. Each group comprises 20 participants and the initial round of training will take place in Dili as follows:
1. 1st Group 3 to 17 June 2016
2. 2nd Group 11 to 22 July 2016
3. 3rd Group 8 to 19 August 2016
4. 4th Group 5 to 16 September 2016
The objective of the training program is to give the participants basic skills in business record-keeping and accounting based on international best practices for MSMEs, such as International Financial Reporting Standards. It is intended that the participants will use their skills to raise the standard of financial management and governance of small enterprises in Timor-Leste.
Participants will also receive training in preparing loan proposals, including the requirements for making loan applications at commercial banks in Timor-Leste, and advice on the standard methods to write loan proposals.
The BCTL has facilitated the development of the training modules and set the criteria for individuals to participate, while CCI-TL has selected the participants and will be responsible for monitoring the ongoing implementation of the program in the related businesses.
At the end of the training programs, the performance of each participant will be evaluated so the BCTL and Câmara de Comércio e Indústria de Timor-Leste can assess the effectiveness of the program to the participants.
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