Department of finance

Vision & Mission and Objectives

Vision & Mission and Objectives

 Our Vision :

As a vital member of the university community, our vision focuses on the educational process and the student.  The finance department is keen to move forward through the university's commitment to outstanding performance in all of the tasks involving the stakeholders (the university faculty members, the administrative staff, the companies, suppliers and contractors). It strives to develop self-management in order to achieve the university mission through creating an integrated system of services for the benefit of our society. We do this by adopting a working environment full of cooperation and innovation and creativity.

Our Mission :

 To create a generation belonging to his country by reinforcement of nationalism and patriotism through:

     1.Investing all competencies and resources  and t techniques available for the         development of partnership with the local community and its institutions to contribute to the overall development process

  1. A sustainable Professional development in the finance department by using  best management techniques through  teamwork
  2. Satisfying the needs of the university for funds and appropriations by achieving the maximum  possible  approved budget utilization through controlling  the expenses and revenues .
  3. Achieving the university goals with high flexibility and efficiency through the implementation of regulations and financial procedures of payments operations.
  4. Offering high quality services to all stakeholders

 

Objectives : 

  1. Recording all budget appropriations using the financial program
  2. Archiving all financial transactions using a semi-automated system (paper one) in a manner that it facilitates retrieval of information
  3. Checking and reviewing allocation and disbursement works, (reviewing and settling imprests , book keeping and records) in accordance with the university laws and regulations.
  4. Coordinating with the Ministry of Finance and the Ministry of Higher Education about transferring of entitlements of the university scholarship holders.
  5. Implementing all financial regulations (following up the movement of the budget items, verifying the integrity of the financial procedures; and committing to the budget appropriations).
  6. Preparing all accounts and financial reports required (the final account and the monthly account required by the relevant governmental parties)
  7. Responding to all inquiries by the General Auditing Bureau and to other concerned parties
  8. Preparing bank adjustment statements and revenues settlement, closing of accounts at the end of the fiscal year and preparing the final account
  9. Performing all collection and disbursement procedures to meet the obligations of the university
  10. Participating in the preparation of the general budget project of the university and follow-up the implementation.
  11. Preparing all notes regarding the implementation of the financial systems and the appropriate accounting methods (I.e., collecting, recording, tabulation and analysis of data and its modifications)
  12. Preparing periodical reports on the department activities, achievements and proposals for the developing the work
  13. Carrying out periodical inventory of the Fund and writing the proceedings