Alvima Foods Complex PLC is a company registered under Ethiopian commercial law and is engaged in the manufacturing of wheat flour and pasta. The company now invites all interested and eligible bidders that are qualified, technically competent and have va
Invitation for Consultancy Service
Alvima Foods Complex PLC is a company registered under Ethiopian commercial law and is engaged in the manufacturing of wheat flour and pasta. The company now invites all interested and eligible bidders that are qualified, technically competent and have valid license for training and consulting the implementation of International Financial Reporting Standards (IFRS).
Scope of the service;
The deliverable and responsibilities of the consultant firm will include the following:
Conduct gap analysis & build framework for implementing IFRS system requirements and information needs;
Design process /System changes in accounting policies based on IFRS.
Provide Training as a capacity building to enable the accountants work IFRS compliant environment.
Identify adjustments for the reinstatement of opening balances as at the conversion date and comparative balances of the previous year.
Prepare opening balance sheet, reinstated financial statements for the year ended 31 Dec 2018 and the necessary disclosures in compliance with IFRS.
Prepare full set of IFRS compliant financial statements for the year ending 31 Dec 2019.
Provide Supervision, follow up and validation of financial reports based IFRS and assistance during review.
Technical and financial proposal. The bidder should clearly show methodology to be used in the implementation.
The firms profile detailing prior experience on handling IFRS implementation for manufacturing companies
Copies of professional license;
Renewed business license, VAT registration certificate & tax identification certificate;
Certificate of competence;
All necessary documents (CV, Credentials, etc.) that authenticate the qualification and experience of the firm and confirmation assignment of required professionals on the job required for the services shall be attached and presented with proposal.
Alvima Foods Complex plc, Bole Medhanialem Road Hidmona Building, 4th floor Room No 405/406 , Tel: +251 116 39 25 11/94 ,Fax: +251 116 39 27 21 Email: [email protected]
NB. Bid should be submitted in sealed envelope in person or mailed to the above mentioned address on or before 31 May 2019.