Hovhannes Petrosyan

Hovhannes Petrosyan

 

  • Other accounting, tax and financial advisory services.
 Work with PHP
Hovhaness Petrosyan is the initiator for establishment of PHP Partners CJSC, one of the co-founders and shareholders, and the Director of the Company.

H. Petrosyan is coordinating and managing the provision of advisory services which are provided by the company. The services particularly include:
  • Set up and/or development of accounting, tax and management systems,
  • Assistance in setting up of an accounting software,
  • Training of accounting staff,
  • Assistance in new accounting system conversion process,
 Work with KPMG Work with the Ministry of Finance

Before establishment of PHP Partners CJSC, H. Petrosyan was senior manager in KPMG Armenia CJSC and supervised the Department of Accounting Advisory Services.

Hovhannes Petrosyan actively took part in different activities held in KPMG Armenia CJSC, as well as provided advisory and ongoing accounting services to several major companies of the Republic of Armenia.

As a leader of the Department of Accounting Advisory Services of KPMG Armenia CJSC, H. Petrosyan coordinated and led various activities.

One of the major programs undertaken by his direct participation is implementation of Water Meter Installation, Billing and Collecting Support Program that was carried out jointly with Armenian Urban Institute. The target of the Program was to implement an efficacious accounting and financial accounting, as well customer database and billing system in “ArmWaterSewage” CJSC.








 

 

 

 

 

Before joining KPMG Armenia CJSC, Mr.Petrosyan was the Head of the Accounting and Audit Methodology General Department of the RA Ministry of Finance and Economy.

The work in the Ministry of Finance and Economy of the Republic of Armenia covered the period from 1993 up to 2002, during which H. Petrosyan was the leader of accounting reforms process in Armenia.

In particular, H. Petrosyan:
  • Coordinated and had a direct participation in the development of the RA Law on Accounting;
  • Coordinated and had a direct participation in the development of the RA Law on Audit Activity;
  • Coordinated and had a direct participation in the development of the RA Law on Cash and Cash Operations;
  • Participated in the development of tax legislation;
  • Coordinated and had a direct participation in development of 34 Armenian Accounting Standards, Chart of Accounts, package of financial statements and instructions to supplements thereof, as well as in the development of other legislative acts regulating accounting sphere in the Republic of Armenia;
  • Carried out methodological regulation for implementation activities of new accounting system in 200 companies having 50% and more state participation;
  • Carried out methodological regulation for implementation activities of new accounting system in secondary schools.