Since it was founded in 1991, the
Financial Department has gone in for presenting its financial and
administrative reports accurately. As the Department is an indispensable
part of the university, our officials possess efficient skills and
experience in accounting.
The Department mission focuses on
offering distinctive services according to the best standards of
performance and accuracy in cooperation with other Departments.
Vital Role of the Financial Department
Financial Department has a vital role. It keeps financial data on a
chronological basis to facilitate taking accurate administrative
Services offered by the Financial Department
The following are the major services offered by the Department :
1. Following up expenses and revenues
The Department provides data
about the items of expenses and aims of expenditure. It also follows up
money inflow as well as other data about revenues and compares them
with the budget. Accurate data about expenditure and revenues supply
important and necessary information about the efficiency with which
managements of Departments are operated successfully to realize the goal
of the university.
2. Analyzing Costs
The Department analyzes the manner of
expenditure and presents solutions and proposals for lowering costs
which will benefit the university as a whole.
3. Estimated Budget
Supplying the estimated annual and biannual
budget is an important goal of the Financial Department. The budget is
estimated by following up the expenditure activities of other
Departments to see if they have or have not abided by the limits of
expenditure and rectify points of weakness on a temporal basis.
In cooperation with the Department of Officials
Affairs, the Department follows up salaries of officials, annual
increases, allowances, remunerations. This information is employed to
determine expenditure and rectify points of weakness on temporal bases.
5. Student Accounting
The Section of Student Accounting follows
up all financial matters of students such as their balances, discounts,
transfer from one major to another, checks graduate certificates
financially, and follows up the forwarding directions.
6. Payments Accounting
The Department follows up the liability of
creditor and debit companies, audits transactions, records them, and
pays them according to the financial rules.
7. General Accounting
The Department provides necessary audited financial data and reports in due time.
8. Fixed Assets Accounting
This section is responsible about
recording the cost of newly-acquired fixed asset, tracking existing
fixed assets, recording depreciation, and accounting for the disposition
of fixed assets.
9. Warehouses Accounting
This section is
responsible about the financial approval for the purchase invoices which
previously entered by warehouse staff in addition to supervise the
output vouchers issued by warehouses staff through ERP system.
The teller collects all the money of the university revenues according to the principles of internal control.
Ground Tel. No. : 5609999 Ext. : 1229