Final Account Unit

• Review of general ledger entries to ensure transactions are properly posted into the right accounts
• Preparations of draft final Accounts
• Regular review of postings into general ledgers
• Preparation of quarterly financial report of the College within a month after the quarter ended.
• Reconciliation of all College Bank Accounts to be ready by the 15th day of the following month
• Retirement of all staff Advances
• Retirement of Impress
• Preparation of Car and Housing Loan Schedules
• Updating of Asset Register
• Staff cash advance debtors report produced every two months: Feb,April,June,August,Oct.,Dec.
• Final Account and Trial Balance to be ready by February.
• External Auditors to be invited to commence work 1st week in March
• All journals to be signed off by FC by the first week of February
• Audited Account to be ready end of June with accompanying Management Letter

Target

• Prompt and timely preparation of Management, Statutory and Adhoc Report