WHAT are the main functions of the finance department?
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alishawadi
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The three core functions of the Finance Department are to: Provide strategic financial support for business and operational planning. Provide day-to-day financial services to the University, its departments, students and staff. Meet external and internal financial reporting requirements. -------------------------------------------------- Preparation of budget, appropriation of accounts, re-appropriations, surrender and savings. Control of expenditure and ways & means position. Audit Treasury administration Administration of Taxes i.e. Sales Tax, Entertainment Tax, Luxury Tax and Entry Tax etc. Service Conditions including Freedom Fighters Pensions. Resource mobilisation through loans, Institutional Finance, Small Savings, Credit and Investment and public debt. Financial concurrence and advice. Compilation of Codes, Rules and procedures concerning financial transactions and having bearing on State finance and their implementation. Safety and investment of funds from consolidated funds, contingency fund and public account. Contract, recovery and refund of revenue etc.
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