Terms of Reference for Provision of Training on International Public Sector Accounting Reporting Standard


Terms of Reference for Provision of Training on International Public Sector Accounting Reporting Standard

MEDA’s Overview

Mennonite Economic Development Associates (MEDA) is an international non-governmental organization incorporated in Canada and registered in Ethiopia.  MEDA is currently implementing the  EMERTA  project which stands for Ethiopians Motivating Enterprises to Rise in Trade and Agri-business and means ‘to leap to great heights in Amharic by focusing specifically on women.  The project is committed to increasing sustainable employment and income generation for women and men in Amhara region of Ethiopia in rice, vegetables and gemstones sectors.

Objective of The Training /Consultancy

The training/consultancy is expected to conduct a gap analysis on both the system and staff, update existing financial policies and procedure based on the gaps, provide proposal remedies on the system, build staff capacity and assist MEDA to comply with IPSAS.

Summary of Work

Ø  Provision of training on IPSAS standard to MEDA key staff.

Ø  Support the implementation process of IPSAS for the first-time financial statement preparation accordance with IPSAS

Scope of Work

  1. Conduct a gap analysis on the overall current state/practice and procedures of MEDA- Ethiopia; evaluate the impact of accrual based IPSAS on the current state and recommend actions to be taken.
  2. Update the existing Financial policies and procedures based on identified gaps and agreed areas.
  3. Assess staff capacity and provide capacity building training based on the result of need assessment.
  4. Assist MEDA with IPSAS- complaint financial statements until submission of first audited IPSAS- compliant financial statement for the year ending December 31, 2019.

Expected Result

1)      Gaps identified after evaluating the existing system and the new standard, IPSAS

2)      The existing Financial policies and procedures updated based on gaps identified in consultation with MEDA

3)      MEDA staff trained and able to do financial statements based on IPSAS guidelines

4)      The first financial statement prepared based on IPSAS for the year ended December 31, 2019

Job Requirements

Education/Training

  • The trainer/consultant must have BA degree in Accounting, ACCA/CPA, with experience in financial management.
  • The trainer/consultant must have ACCA/CPA and work experience in the NGO environment for a minimum of two years.

Core Technical Competencies

Ø  The trainer/Consultant must have a Company’s Business registration certificate with AABE and other applicable government registering office

Ø  The trainer/Consultant must have considerable experience in international financial reporting standards (IFRS) and IPSAS for a minimum of two years

Ø  Consulting experience in the application of IPSAS in non-governmental organizations

Ø  Renewed professional license of the company

Ø  VAT registration certificate

Ø  Renewed trade license

Ø  Professional certificate of key personnel

Evaluation Criteria

MEDA will use the following to evaluate every proposal submitted.

  • Technical proposal – 70%
  • Financial proposal – 30%

Note

  • Applicants who doesn’t have renewed business license will be subject to a withholding tax, which is 30% of the contract amount.
  • Applicants should clearly indicate, whether their financial projection includes tax or not, (VAT 15% or ToT 10%)

How to Apply

Interested applicants should provide the following: –

  • Cover letter and current resume/CV. The cover letter must demonstrate the applicant’s understanding of and interest in the topic, describe the applicant’s capability for completing the assignment, include a timeline for completing the work, include examples of previous experience with similar activities (maximum two pages).
  • The consultant/trainer who have specific skills and experience s/he can submit a proposal jointly.
  • Should submit work plan or activity plan which shows the number of days indicating the content of the training.
  • Financial information in breakdown which includes daily rate/fees and budget to accomplish the task.

Consulting companies fulfilling the above requirement are invited to collect the complete bid document from MEDA Ethiopia office during working hours from the date this bid is announced up to August 16 th , 2019.  Should you require more information, you can contact the MEDA Finance Manager at the e-mail address below.

Applications must be sent on or before 16 th  August 2019 to the following address in person or through our email address   vacancy.ethiopia@meda.org ;

MEDA Ethiopia, Kirkos Sub-City, kebele 02

P.O.Box 42502, Addis Ababa, Ethiopia

Telephone No. 251-11-470-5945

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