Company Info

Youth Impact Development Association (YIDA)

Conversion of Financial Systems to IPSAS at Youth Impact Development Association (YIDA) Job Vacancy in Ethiopia

Category: Accounting and Finance, Consultancy and Training
Location: Addis Ababa 
Career Level: Managerial Level (Manager, Supervisor, Director)
Salary:

 

Job Description

Youth Impact Development Association (YIDA) is a national resident children and youth-centered organization established in June 2004 to contribute to the national effort of building better futures to children and young people to whom the future belongs. The general aim of the organization is promoting the wellbeing of highly vulnerable children and youth by serving their physical, emotional and intellectual needs to become fulfilled citizens in their adulthood. Following the provisions of the Charities and Societies Proclamation No. 1113/2019, YIDA re-registered by the Civil Society Organizations Agency (CSA) in August 2019 with a certificate number of 3886. Since its establishment, the organization has accomplished various activities which helped a number of orphan, vulnerable and street children to become productive citizens and fully integrated in the community.

YIDA currently aims to convert its financial systems and financial management procedures in to International Public Sector Accounting Standards (IPSAS). To this effect, YIDA is seeking to employ competent accounting firms to carry out IPSAS conversion.

Objective of Assignment 

The main objectives of the assignment are:

  • To support implementation of IPSAS in preparing the annual financial statements by providing required technical assistance, detail gap analysis building on the previous exercises and develop a road map for IPSAS implementation,
  • Draw practical recommendations to modify information system/software, policy, processes and procedures of the organization as required and provide capacity building supports for their implementation
  • Work with YIDA in preparing the annual financial statements of the Year ended 31 December 2019 based on the IPSAS.

Scope of the Assignment

  • Conduct gap analysis and develop roadmap for IPSAS implementation
  • Exercise a detail diagnosis and identify gaps for IPSAS adoption.
  • Analyze all relevant aspects – capacity, policies, procedures, regulatory, information system/ software etc. including review of existing chart of accounts and alignment with IPSAS adoption.
  • Develop comprehensive roadmap with specific actions, timeline incorporating all relevant aspects as above.
  • Develop manuals/ guidelines/ templates/ checklists as required to guide IPSAS implementation.
  • Assist YIDA in preparing IPSAS based annual financial statements for FY 2019 with required opening balances/ conversions.
  • Training and workshops
  • Develop training materials including training modules.
  • Train accountants and other relevant personnel for IPSAS adoption.

Job Requirements

Firm qualification:

The consulting firm must have the following qualifications and experience to carry out the assignment

  • Renewed Company/Firm/Business registration certificate
  • VAT registration
  • Tax clearance certification
  • At least of 1 Year in the field of financial accounting and Auditing in the public/ private sector
  • The consultant must have considerable experience in the field of international public/ private sector financial reporting standards (i.e. IPSAS/ IFRS) and at least 2 years of experience (during job or as independent) in the field of development /application of accounting.
  • Having experience with similar assignments (IPSAS conversion) shall have added advantage

Team members’ qualification:

Team Leader (One)

  • Chartered Accountant, CPA, ACCA or equivalent.
  • IPSAS professional qualification from the Chartered Institute of Public Finance and Accountancy (CIPFA) or similar recognized body will an added advantage.
  • At least of 10 years’ experience in the field of financial accounting and auditing of which at least 5 years in the public/private sector. Should have experience of at least one assignment as team leader/project manager in the last three years.

Expert (One)

  • Chartered Accountant, CPA, ACCA or equivalent.
  • IPSAS professional qualification from the Chartered Institute of Public Finance and Accountancy (CIPFA) or similar recognized body will be an added advantage.
  • At least of 5 years’ experience in the field of financial accounting and auditing of which at least 2 years in the public sector. Should have experience of at least one similar assignment in a key position.

The consulting firm may engage additional support staff in proportion to the work as assessed by them.

Conversion of Financial Systems to IPSAS at Youth Impact Development Association (YIDA) Job Vacancy in Ethiopia

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