I вЂ“ BACKGROUND
The UEP Accounting office is regarded as one of the crucial units with the institution. The office establish and maintains, for the administration, an accurate accounting system, develo9ps a sound internal accounting controls to safeguard the university or college assets from loss through unauthorized use or personality and assume the proper recording of financial transactions in accordance with Government Generally Accepted Accounting Guidelines (GAAP).
The Accounting workplace is situated for the first floor-leftwing of the UEP-Administration building. The unit is headed by a young, outstanding, and dynamic man, with sixteen (16) competent staff under his supervision, whom in their own way have the ability to be a property of the university or college. The staff interacts on a daily basis with other departments within the Finance and Administrative area, such as the Spending budget Office, Cashiers Office, Supply Office, Workplace of the Chief executive, Office from the Resident Auditor and other administrative campus vast.
The Accounting office provides numerous solutions in support of the finance activities of the School. These companies are beneficial to a wide variety of matters including students' financial personnel, executive administration, trustees, auditors, etc . Listed below are examples of solutions:
1) Daily monitoring, and verifying of the precision of the financing system to guard the ethics of financial data (an sort of the main services the office is rendering). This ensures that the finance method is accurate and that up-to-date information is available pertaining to users producing account queries and fiscal decisions. It provides reliable information pertaining to reporting functions and enables the college or university to avoid taxation findings. 2) Reconciling most bank accounts and other selected basic ledger accounts on a regular basis is also a concern in the office. Bank accounts are reconciled to ledger balances in order that the university's cash position is well known, in order that most charges or perhaps deposit to the bank are reflected inside the university's accounting system, and to satisfy accounting and auditing requirements. 3) Conducting inside audit and control functions. Provide feedback about strengths and weaknesses of a system and degree of compliance with policies and procedures. 4) Accounting to get the university's fixed resources (equipment and plant assets) 5) Ensures proper recording, safeguarding, and valuation of fixed resources, and provides reliable information necessary to make decision. 6) Critiquing transactions, which includes receipts, disbursements and other related entries, preparing cash flow examination for individual accounts as well as for the university, and assisting in detecting any kind of errors. 7) Coordinating, scheduling, processing, and also other activities relevant to the year-end close out procedure in preparation for the newest fiscal yr. This enables all necessary year-end transactions to be processed on a timely basis and guarantees the smooth transaction from one accounting year to another. 8) Analyzing alternative accounting procedures pertaining to existing and new courses and problems. To reduce risk to the college or university, and decreases potential for audit criticism. 9) Setting up and preserving internal and external financial reports. II вЂ“ EXPLANATION OF THE PREPARE
The three-year development plan of the UEP-Accounting office is targeted on the immediate demands of the office in order to serve best it is constituents. Like any organization, the accounting unit wanted to boost its service to meet the mission, perspective and goal. The office feels that there is a need for awareness on the changing environment in order to be more competitive.
The ideas laid straight down by the business office are actually an item of declaration from the people in the accounting office. The plans have been completely discussed about how the office should come up with strategies to achieve these people for a three-year time frame.
III вЂ“ OBJECTIVE
To work with utmost devotion and...