FINANCE AND ACCOUNTING
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Function The Finance Management function entails budgetary matters; processing of annual and revised estimates; Advise on issues of Authority to Incur Expenditure (AIE); expenditure forecasts and monitoring; prioritization of projects and activities for the purpose of financial allocations in the budget; oversight of commitment of funds and expenditure trends; budget monitoring and reporting, reallocations within budget; and, the overall financial management and control of voted funds; among others. ACCOUNTING FUNCTION The Accounting function entails; providing data for use in financial management; functional control of accounting staff within the Unit including Training and Development; management and development of the accounting system including issue of accounting instructions; maintaining an effective internal control system; and advising the Clerk on financial and accounting matters. The function further entails; preparation of Annual Accounts, replying to Audit queries, developing briefing for the Public Accounts Committee (PAC), follow-up actions on PAC recommendations and any other related matters. |
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