This unit is basically charged with providing accounting services of systematically recording transactions, classifying and processing same, preparing reports and interpreting the reports for management’s use. In the course of the above, it establishes adequate internal control measures and ensures compliance with Generally Accepted Accounting Practices as well as relevant legislations.
It is also charged with treasury management in addition to inventory management and control. Similarly, the Unit liaises with the Product and Project Development in sourcing for fund for different Projects/ Products as the need arises.
The financial unit performs the following roles:
- Management of company’s cashflow
- Management of taxes.
- Financial control services.
- Revenue auditing and forecasting.
- Advising and sourcing longer-term financing.
The unit oversees all financial transactions of the company and advices management in decision making processes when necessary.