Technical Specifications for Accrual Accounting Implementation in Montenegro

Objectives: The tender seeks to engage qualified organizations to develop a comprehensive project task and detailed technical specifications for implementing accrual accounting in Montenegro's public sector. This effort is aimed at aligning Montenegro's financial management systems with International Public Sector Accounting Standards (IPSAS) and EU best practices. The key objective includes designing and specifying IT systems, reporting frameworks, and business processes essential for a seamless transition from cash-based to accrual accounting, thus enhancing financial transparency, reporting reliability, and decision-making within the government's financial operations.