The Financial Affairs Department is one of the key departments at the university, playing a vital role in preserving and efficiently utilizing the university’s financial resources and providing decision-makers with the necessary financial data to develop strategic plans. Its responsibilities include preparing budgets, issuing financial reports, and implementing financial policies. The department also oversees financial control over all financial disbursements from the university’s budget, whether for its staff or partner institutions that provide services to the university. This involves verifying the accuracy of all financial documents before any amounts are disbursed and obtaining the financial controller’s approval before disbursement. These measures aim to improve the performance of financial staff, ensure compliance with the highest standards of transparency and accountability, and confirm the application of approved financial policies and procedures within the university’s financial system.
The Financial Affairs Department works to meet the university’s future financial needs and ensure the availability of necessary financial resources. It also aims to balance revenues and expenses and provide financial reports that meet global accounting standards. The sub-departments of Accounting and Supplies operate under the supervision of Financial Affairs. The supplies department aims to best meet the material needs of departments and colleges by using innovative technologies and effective expenditure control.
Objectives:
- Seek new investment opportunities for the university.
- Strengthen and enhance the university’s investments.
- Create and update a database of investment assets and identify their activities.
- Develop management policies and regulations in collaboration with other university departments.
- Ensure the development of processes and enhance the efficiency of advanced financial services for various departments, colleges, and university staff.
- Commit to the quality of financial services provided.
- Optimize and enhance the use of financial resources.
- Quickly address any financial problems promptly.
- Prepare the annual budget in alignment with the university’s strategic plan, vision, and actual needs to achieve its goals.
Tasks:
- Monitor and collect the university’s various revenues and settle its financial obligations.
- Audit payroll schedules and coordinate with the Human Resources Department to ensure the accuracy of monthly additions and deductions in compliance with applicable financial and legal policies and regulations.
- Supervise and manage revenues and student accounts regularly, including reconciling student tuition fees from all sources.
- Prepare accounts and financial statements and regularly produce performance reports on the university’s economic status, submitting them to responsible entities according to specified timelines.
- Monitor and control the budget performance and university activities.
- Oversee updates to the financial system by tracking new information to ensure data accuracy and the integrity of financial operations, achieving the required goals.
- Collaborate with the external auditor in conducting annual fiscal year-end closures by providing all necessary data and information for auditing and ensuring the accuracy of financial records and compliance with global accounting standards and Turkish financial laws.
- Ensure the application of financial policies, systems, and regulations at the university.
