FINANCE
AND ACCOUNTING
OUR SERVICES
FINANCIAL AND TAX ACCOUNTING
Introduction and improvement of tax accounting and financial reporting into the internal environment of businesses has never been more important than it is today.
FINANCIAL AND TAX CONSULTING
By understanding our clients needs and providing hands-on support through innovative solutions and collaboration Avenue Consulting accelerates its clients’ success.
FINANCIAL AND MANAGEMENT REPORTING
Financial reporting is compliance oriented and is used for external purposes. It encompasses the standard reports that companies generate periodically for external use.
TAX PLANNING, COMPLIANCE AND SUPPORT
Compliance with Armenian accounting legislation, local or international standards as well as reporting requirements is one of the main fears for businesses.
ACCOUNTING AUTOMATION SYSTEMS
Our business automation specialists and financial consultants can help businesses cutting overheads and lead time, ensuring fully-fledged and tailor-made automation solutions for finance and accounting function of enterprises.
INTERNAL SYSTEMS OF FINANCIAL CONTROL
Internal Systems for financial control are designed to ensure efficient financial management, safeguard assets, produce reliable financial records and guarantee compliance with relevant internationally accepted standards, national legislation and regulations.
FINANCIAL DUE DILIGENCE
Financial due diligence is necessary to investigate into the financial circumstances and various other related factors of the business.
OUR projects

Irrigated Agriculture Development in Ararat and Armavir Marzes (IADAAM)
The objective of this project is to adopt a comprehensive approach that includes technical assistance, capacity building, and the implementation of investment grants.
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Assessment of socio-economic and environmental co-effects of the LT-LEDS implementation
The overall goal of the task was to conduct assessment of socio-economic and environmental co-effects of the LT-LEDS (Long-Term Low Emission Development Strategies) implementation.
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Country-wide Representative Survey Measuring Public Perceptions on the Territorial and Administrative Reform in Armenia (TARA)
The goal of this project is to conduct a comprehensive survey to gain a deeper understanding of community sentiments and knowledge regarding the Territorial and Administrative Reforms in Armenia.
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Investment Landscape Assessment
The objective of this project was to conduct a detailed and cohesive assessment of the investment environment in Armenia.
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Development of Electronic Course for Public Servants on Personal Data Protection in Armenia
This project aimed to develop an electronic course designed specifically for public servants in Armenia, focusing on enhancing their knowledge and practices related to personal data protection.
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Analytical report on the involvement of the private sector in the provision of public services and the performance of public functions, development of draft legislation
This project evaluated and enhanced the involvement of Uzbekistan's private sector in the provision of public services and the performance of public functions.
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ZINAPAH - Re-engineering the business processes of the Servicemen's Insurance Fund
This project focused on analyzing and re-engineering the business processes of the Servicemen's Insurance Fund to boost operational efficiency and reduce risks.
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Business Plan Development for Greenhouse Production
In 2014, Avenue Consulting Group developed a business plan for a client specializing in the greenhouse vegetable production sector.
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Fundraising for 5 Star Hotel Construction
Avenue Consulting Group was tasked with leading the fundraising efforts for the completion of a five-star hotel project in central Yerevan.
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Evaluation of Fruit, Milk, and Rural Tourism Value Chains in 9 Targeted Clusters of Vayots Dzor and Lori Marzes
This project involved a comprehensive evaluation of the fruit, milk, and rural tourism value chains across nine targeted clusters in the Vayots Dzor and Lori regions.
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Elaboration of Investment Teaser for Concrete Blocks Production
Our team was engaged to develop effective fundraising instruments for a client aiming to expand their concrete block production business.
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Design of Comprehensive Business Plan for Developing a Restaurant Chain
In 2014, our team was engaged to create a detailed business plan for the development of a restaurant chain in Yerevan.
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Financial Modeling for Modernization of a Small Hydropower Station
As part of this project, Avenue Consulting Group developed a comprehensive long-term financial model for the modernization of a Small Hydropower Station (SHPP).
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Development of a Comprehensive Business Plan for Hotel Construction
This project involves the creation of a detailed and comprehensive business plan for the construction of a new hotel in the heart of Yerevan.
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Design of System and IT Solutions for Modernized Judicial Statistics
This project involved the development of a comprehensive system and IT solutions to modernize the collection and analysis of judicial statistics in Armenia.
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Improving the Legal and Regulatory Environment for AML and CTF Framework
Our team was engaged to enhance the legal and regulatory system for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) in Armenia.
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Legal Review of Financing Agreements
Our legal team was engaged to conduct a thorough legal review of financing agreements and provide support during negotiations with a commercial bank.
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Design of the System for Job Evaluation in the Armenia Civil Service
Our team was engaged to develop a comprehensive system, methodology, processes, and standardized database for job evaluation within the Armenian civil service.
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Legal Due Diligence for Financing Compliance
This assignment focused on conducting a thorough legal due diligence process to ensure compliance with conditions precedents and the preparation of security documents necessary for securing financing from an international company.
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Elaboration of Business Plan for the Establishment of a Fruits and Berries Processing Mini-Plant
This project involved the development of a comprehensive business plan for the establishment of a fruits and berries processing mini-plant.
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Financial Modeling for Establishment of a Hog Farm in Armenia
In 2013, our team developed a comprehensive long-term financial model to support the establishment of a hog farm in Armenia.
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Development of a Comprehensive Business Plan for Poultry Farm
Our team was contracted to develop a comprehensive business plan for the mid-term development of a poultry farm.
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Design of Comprehensive Business Plan for Dried Fruit and Dried Vegetables Production
In 2015, our team was contracted to develop a detailed business plan for the expansion of an existing dried fruit and vegetable production company.
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Financial Modeling for Establishment of Orchards
ACG team developed a comprehensive financial model to support the establishment of mixed orchards on 100 hectares in Armenia.
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Elaboration of Business Plan for Orchard and Nursery Center Development in Armenia
ACG team developed a comprehensive long-term business plan for the establishment and growth of an orchard and nursery center in Armenia.
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Elaboration of Concept and Financial Modeling for Establishment of Mini-Poultries
This project involved the development of a detailed concept and financial model for establishing mini-poultries in Armenia, designed to be operated by individual farmers.
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Comprehensive Socio-Economic Study of Armenia with Special Focus on Agricultural Value Chains
This project involved conducting a thorough socio-economic study of Armenia for Heifer Project International, using a wide range of available secondary data.
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Rapid Rural Appraisal in 10 Communities of Gegharkunik Marz
ACG carried out a rapid rural appraisal (RRA) in 10 communities of Gegharkunik marz, focusing on identifying the most effective strategies for enhancing the management and use of local forests and pastures.
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Design of Business Processes and Automation of Inventory Process
ACG was engaged to streamline and automate the inventory process for the client, focusing on improving all related business workflows.
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Re-Design of ESOP for Top Management
The client enlisted our expertise to review and re-design their existing Employee Stock Option Plan (ESOP) for top management.
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Design of International Trade Logistics and Corporate Structure
The client engaged us to design a corporate structure and trade logistics system for establishing a new trading business abroad.
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On-Going Legal Support
Our firm maintained a long-term partnership with the client, providing comprehensive legal support across all aspects of their operations.
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Design of R2E2 Website and Brand Book
Recognizing the importance of a modern, user-friendly website in a digital marketing strategy, Avenue Consulting Group was hired to design and upgrade the website for the Armenian Renewable Resources and Energy Efficiency (R2E2) Fund.
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PSMP 2 Monitoring and Evaluation
Avenue Consulting Group conducted the monitoring and evaluation of the Public Sector Management Program (PSMP) 2 in Armenia.
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Operational Manual for Armenia Renewable Resources and Energy Efficiency Fund (R2E2)
Avenue Consulting Group was contracted to prepare an Operational Manual to cover Armenia Renewable Resources and Energy Efficiency Fund’s (R2E2) operating modalities for the next 5-10 years.
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Supply and Installation of Video Module for E-Consulate System and Integration with E-Notary System
The objective of this project was to develop and integrate a new video communication functionality within the existing electronic consular system of the RA Ministry of Foreign Affairs.
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Support to the Government of Armenia in Transitioning to Programme Budgeting at the Local Level
This project aimed to assist the Government of Armenia in adopting a Programme Budgeting (PB) format at the local level to enhance transparency and efficiency in public financial management.
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Armenian IT Industry Analysis
We conducted an in-depth analysis of Armenia's information technology (IT) sector to create a detailed industry profile.
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Survey of International Trade of Agricultural and Connected Products
We carried out an analysis of Armenia's trade patterns in agricultural goods and processed food products.
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Accreditation of Training Providers: Best Practices and Applicability in the Armenian Context
The review of the National Training System (NTS) for municipal servants is a key focus of the program.
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Strengthening Civil Society in the Eastern Partnership Countries
The primary goal of this project was to conduct a comprehensive needs assessment of selected NGOs and informal groups in Armenia and to develop a tailored capacity-building plan to strengthen civil society organizations in the country.
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Support to the Government of Armenia in Implementing MTEF at the Local Level
The goal of this project was to assist the Government of Armenia in introducing the Medium-Term Expenditure Framework (MTEF) budgeting approach at the local government level.
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Data Mapping and Business Process Analysis
The goal of this assignment was to adapt the SDG Lab's data mapping and business process analysis methodology to the specific needs of the project, and to conduct a thorough data mapping and analysis of business processes related to road safety in Armenia.
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Impact Assessment/Implementation Completion Report Preparation Services
The Government of the Republic of Armenia received a grant from the World Bank for the “Policy Monitoring and Evaluation Capacity Development in Agriculture” (PHRD) program.
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Adaptation Plan for Vayots Dzor in the Framework of Climate Change
The objective of this project was to develop a comprehensive adaptation policy framework and action plan for the Vayots Dzor region in Armenia, which served as a pilot region for climate change adaptation efforts.
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Organic Origin Manure Fertilizer Studies in Armenia
Our team was engaged to conduct a comprehensive study on the potential for producing organic fertilizers from manure and other agricultural waste in Armenia.
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Armenian Agriculture Adaptation Concept Note
In 2022, Avenue Consulting Group was engaged by UNDP Armenia to create a concept note for a project aimed at adapting the agriculture sector to the challenges posed by climate change.
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Labs for Change: Empowering Women for Social Innovation & Creativity in Regions
The Labs for Change project aimed to enhance the creative entrepreneurship ecosystem and empower women in the Shirak, Kotayk, and Tavush regions of Armenia.
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Fundraising for Development of Pharmaceutical Production
The main objective of this project was to secure funding for the expansion of the client’s pharmaceutical production operations.
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Re-Design of ESOP for Top Management
The client enlisted our expertise to review and re-design their existing Employee Stock Option Plan (ESOP) for top management.
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Industrial Efficiency Enhancement and Strategic Advisory
This project was developed for a leading construction company in Armenia, aiming to significantly increase its production efficiency.
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Design of Business Processes and Support in Sales Automation
The project aimed to enhance the client company’s sales processes by analyzing both formal and informal business operations to reduce or prevent potential losses within the sales chain.
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Design of Comprehensive Business Plan and Strategic Development Plan
In this project, our team was engaged to create a detailed strategic development plan and a comprehensive business plan for the client, aimed at guiding their growth over the next five years.
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Milk, Tourism, and Fruits Value Chain Assessment in Vayots Dzor Across 9 Communities
This project focused on assessing the value chains for rural tourism, milk, and fruit production across nine communities in Vayots Dzor and three other marzes of Armenia.
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Strategic Development Plan 2017-2022 for Yerevan State Medical University
As part of this project, Avenue Consulting Group experts worked closely with Yerevan State Medical University (YSMU) to craft a comprehensive Strategic Development Plan for 2017-2022.
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Compressed Natural Gas Cylinders Production Business Plan
In 2014, our team developed a detailed business plan and financial model for establishing a production facility for metal and metal-plastic Compressed Natural Gas (CNG) cylinders in Armenia.
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ENPARD Technical Assistance: Producer Group and Value Chains Development
Avenue Consulting Group provided targeted training and strategic support to producer groups in Gegharkunik, Aragatsotn, Kotayk, and Vayots Dzor Marzes as part of the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD).
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Survey on Agricultural Cooperatives in Gegharkunik, Armavir, and Shirak Marzes
Avenue Consulting Group conducted a comprehensive survey on agricultural cooperatives within the communities of Gegharkunik, Armavir, and Shirak marzes as part of an initiative to strengthen local agricultural economies.
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Business Plan for Establishment of an Innovative-Creative Youth Center
In this project, Avenue Consulting Group developed a detailed business plan and financial model for the creation of an educational center focused on applied disciplines in Yerevan.
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Business Plan for Establishment of OTT TV Business
In 2013, Avenue Consulting Group developed a business plan and financial model for launching a new Over-The-Top TV (OTT TV) service.
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Investment Teaser for CNG Stations Network
Our team was engaged by the client to develop effective fundraising instruments aimed at supporting the expansion of a Compressed Natural Gas (CNG) Stations Network.
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Preparation of Functional and Technical Requirements for an E-Auction Platform for Public Property in Armenia
This project aimed to modernize and streamline the auctioning of public property in Armenia by preparing the Technical and Functional Specifications for an e-Auction platform.
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Feasibility Study for Developing an Agro-Consulting Platform and Business Model
Our team conducted a comprehensive feasibility study for creating an innovative agro-consulting platform tailored for farmers in Armenia.
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Supply and Installation of Statistical Dashboard for Decision-Makers
To streamline access to critical data, we proposed the creation of a centralized platform featuring an interactive statistical dashboard.
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Improving Public Service Delivery Through E-Governance
Our mission was to transform public service delivery in Armenia by creating a seamless e-governance system.
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Development of Export Diversification Guidelines in Five Target Sectors
This program aimed to revolutionize how Armenian entrepreneurs approach international markets by offering clear, comprehensive export diversification guidelines tailored to their needs.
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Turnover Management in the Civil Service
Our project focused on understanding and improving turnover management within Armenia’s civil service system.
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Analysis and Re-Engineering of up to 16 Administrative Services Delivered by Municipalities
This project focused on analyzing and re-engineering up to 16 key administrative services provided by municipalities, with the aim of transforming how local services are delivered.
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