The Financial and Fiscal Reporting for Water Utilities, Challenges and Solutions Webinar – Responded to Water Utilities Needs

On May 26, 2021, SHUKALB successfully delivered the webinar on “Financial and Fiscal Reporting for Water Utilities – Challenges and Solutions”. The webinar achieved to inform water utilities representatives on the financial and fiscal reporting, as well as discuss on the challenges being faced and the solutions to actual problems in the field of financial and fiscal reporting.

The webinar was attended by 33 managers and specialists working in the commercial and financial departments of Shkodër, Lezhë, Korçë, Vlorë, Berat-Kuçova, Tiranë, Gjirokastër, Kamëz, Pogradec, Krujë, Lushnjë, Maliq, Malësi e Madhe, Mat, Mirditë, Peqin, Pukë, Klos and Cërrik water utilities.

The webinar was delivered by Prof. Dr. Sotiraq Dhamo, Lecturer, Accounting Department, Faculty of Economics, University of Tirana.

The webinar provided presentations covering key financial and fiscal topics related to legislative, regulation and taxation issues, emphasizing the specific requirements under national and international financial reporting standards, profit tax, unknown expenses with VAT, and other specific topics associated with the activity of water utilities.

In addition, discussion and Q&A were combined, during which, the participants asked and received solutions to difficulties encountered in their work. Some of the issues highlighted by the participants were the provision of receivables, revaluation of long-term assets and right off the debt etc. The feedback received by the participants in the end of the webinar was very positive citing “The webinar is very valuable and effective for our work and there is a need for more events on such topics”.[:]