The functions and responsibilities of the Finance and Accounts Department include accounting, financial management and some other related functions described in the ensuing paragraphs. The department is headed by Director of Finance, who is assisted by GM Finance, accountants and other staff.

The main objectives of the Finance and Accounts Department is the provision of accurate and timely accounting input for all activities of the company and ensures complete and accurate recording and processing of all such business transactions. It prepares timely and reliable financial and accounting reports for review and monitoring of management. In order to ensure accountability over all business assets, including fixed assets other current and non current assets, it maintains appropriate accounting and other records required by laws, rules or regulations. Moreover, establishes adequate accounting controls to ensure that the objectives of safeguarding of assets, prevention or minimization of fraud and errors, and efficient and effective conduct of business are met. This department manages funds and placing surplus funds securely at the best available rates in authorized investments.

 
 

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