Finance and Accounting Department

FUNCTION 

The Finance and Accounting department of the College of Science and Technology performs a variety of essential functions. They provide invaluable advice and assistance to the Rector in developing and implementing financial plans, while ensuring that all financial and accounting operations are conducted in strict compliance with College of Science and Technology regulations and laws. 

The department is also tasked with overseeing the centralized management of the school’s financial resources and ensuring their efficient allocation in accordance with established protocols.

MISSION

The Finance and Accounting Department performs the following tasks:

• Assist the Board of Directors in accounting, statistics, economic information,  and financial management activities.
• To ensure effective financial management for the College, The department is advised to formulate and propose regulations to the Board of Directors. It is also crucial to oversee the execution of these regulations and devise financial plans on a monthly, quarterly, and annual basis, aligning with the manufacturing business guidelines.
• Organize accounting, accounting statistics, accurately and fully reflect the data in all activities of the College of Science and Technology.
• Inspecting and providing professional guidance to accounting departments at affiliated units, checking the payment and settlement of works, products, economic contracts, and financial payments of the College of Science and Technology.
• Urging and inspecting the observance of the accounting and statistical reporting regime of the affiliated units, making reports to relevant agencies upon request.
• Periodically perform financial reporting, inventory and assess assets. Recommend liquidation of poor quality backlogged assets and materials.
• Coordinate with other departments in the College of Science and Technology to complete the assigned work.
• Propose exploring options to incentivize and recognize the performance of individuals and collectives under management, including potential rewards, disciplinary actions, salary adjustments, rank promotions, and other benefits.