SHUKALB Delivers the “Financial Statements and Their Role in Decision Making” and “Water Loss Management I & II” Training Courses

Trainer Mirela Ujkani (standing) and the participants during the “Financial Statements and Their Role in Decision Making” training course
Photo credit: SHUKALB

SHUKALB has kicked off the Joint Training Program for 2019 with the delivery of two training course during February 2019, the “Financial Statements and Their Role in Decision Making” and the “Water Loss Management I & II” training Course.

The first training course “Financial Statements and their Role in Decision Making” was delivered on 7-8 February 2019, in Tirana.

The training was delivered by Dr. Mirela Ujkani (Miti), Lecturer at the Faculty of Economy, University of Tirana, and it was attended by the staff of Water Utilities of Lezha, Shkodra, Saranda, Permet and Peqin.

The training course addressed issues related to the whole set of financial statements, the rules for the implementation of accounting policies, deferred tax, provisions, contingent assets, accounts receivable, cost of capital and the bad debt expense.

Participants were engaged in interactive discussions around case studies presented in class, as well as in analyzing actual financial statements of water utilities.

Trainer Ervin Bucpapaj (standing) and the participants during the Water Loss Management I & II” training course
Photo credit: SHUKALB

The training course was particularly important to water utilities at this moment, as March is the month when utilities submit their fiscal balance sheets to the General Directory of Taxes.

The second training course, “Water Loss Management I & II” was delivered in Tirana on 21-22 February 2019, and was attended by the staff of Water Utilities of Korca, Shkodra, Permet and Regional Water Company Hidromorava. The training course was delivered by the trainer Mr. Ervin Bucpapaj, Consultant in the water sector.

Participants were introduced with different aspects of Water Loss Management to include water demand management, pressure management, importance of commercial efficiency, economic level of non-revenue water, as well as water balance.