From November 14 to 18, 2017, it was held at ETD headquarters (Entreprises, Territoires et Développement / Enterprises, Territories and Development) in the Agblalépédo district in Lomé, training on the revision of the Uniform Act on Accounting Law and the Ohada Accounting System.

The training was given to six (6) ETD management consultants and ten (10) ESOP accountants (Entreprises de Services et Organisations des Producteurs /Service Companies and Producer Organizations).

As a reminder, in its “Access to Market and Family Farming” component, ETD’s mission is to help ESOPs develop and achieve their goals of “increasing and securing the income of small-scale farmers over the long term through competitive and lucrative local agribusiness “.

To avoid being on the edge of the revised SYSCOHADA, which will come into effect on January 1, 2018, this training is timely to raise awareness and strengthen participants’ capacity for new reforms.

The goals of the training were :

• To provide a good understanding of the main changes to the Uniform Act on Accounting and Financial Reporting (AUDCIF) and the Ohada Accounting System (Sycohada);
• Provide the ability to design an entity’s chart of accounts and implement the accounting treatments required for the first application of the revised Syscohada.

At the beginning of the session, the expectations of the seminarians were collected and then the training continued in a series of commented presentations, sharing experiences and practical cases.

The first day was devoted to the presentation of the AUDCIF (and its novelties) and to the accounting translation of current operations. Elements such as fundamental accounting principles and individual accounts were discussed during this day. The trainer also focused on the development of the entity’s chart of accounts (PCE) and on the focal points of the accounting framework, procurement operations – sales of goods and overheads.

On the second day, a presentation of the financial statements of the revised Syscohada was made and then the consultant focused on the topic of accounting translation of operations and specific problems.

This notion was deepened the following days with emphasis on various points such as: research and development costs; patents, licenses and brands; leases; depreciation of fixed assets; provisions and contingent liabilities / assets; public service concession contracts, franchise agreements, etc.

At the end of the training, the expectations expressed at the beginning of the training were re-examined and the participants reported their general satisfaction. The training ended on 18 November at 1:38 pm, in the good general atmosphere.