Finance Department

The principal goal of the finance office is to provide accountability for all revenues and expenditures through the Accounting Office.  The Finance Office, as well, provides financial and technical services needed for all University operational activities in accordance with the recognized financial standards.

The finance office also administers the University accounts, payable and receivable, in compliance with the University laws, rules and regulations, and the decisions issued in pursuance thereof.  It implements and develops its policies, procedures, plans, and programs and takes measures and precautions necessary to safeguard the University funds and financial records.

The Main Scope of Work:

• Recording of financial transactions and organizing accounting records and financial statements in compliance with sound accounting standards.
• Drafting of the University budget.
• Preparing and analyzing the periodical financial reports and keeping the University administration informed of the principal trends in the practices and activities of the University for taking the appropriate decisions.
• Following through financial issues with the concerned parties and developing financial procedures to foster innovative   work practices.
• Following through and controlling cash movement and balances, and bank accounts on a daily basis.
• Following through student dues and posting of related financial transactions on a daily basis to determine student accounts balances, as well as, responding to student inquiries.
• Preparing monthly trial balances and supporting them with analytical statements.
• Preparing the final annual financial statements.