Vision
Creating an advanced and distinguished work environment which offers its work in accordance with professional standards and the optimal use of financial resources, in line with the general regulations.
Overview
The UQU Financial Department was established in 1402 A.H., following the split-up of UQU from King Abdul-Aziz University. The department is responsible for implementing the university’s budget which was approved by the Ministry of Finance in accordance with government accounting standards and rules, in light of the instructions issued by the ministry.
The Financial Department is one of the crucial and executive departments of Umm Al-Qura University (UQU). The department carries out all financial transactions following established rules, regulations, circulars and decisions governing the payment of salaries and dues of the university’s employees, including academic and administrative staff members and the contracted staff. This is in addition to the payment of the undergraduate and postgraduate students’ rewards and dues of companies, contractors, and suppliers. It is also responsible for the payment of the advances and petty cash and the collection of revenues, and registering such matters in its regular account books, preparing quarterly reports, and preparing the final account at the end of the fiscal year, according to the financial appropriations in the university’s budget and the financial instructions. The department undertakes the responsibility of accomplishing all transactions and delivering the dues to the beneficiaries quickly, in line with the desire and directives of the senior administration in achieving the work in the best way and with the required accuracy.
Objectives
- Achieving payments and collections according to what is approved in the general budget.
- Carrying out financial transactions according to the rules and regulations.
- Preparing to close accounts at the end of the fiscal year.
- Closing financial funds according to the appropriations.
- Making sure the financial transactions were precisely and swiftly carried out.
- Training employees to implement work plans in the future.
- Improving the accounting system to accept all transactions.
- Showing commitment to the implementation of financial transactions according to the applicable professional standards.
Mission
Working to meet the current and future financial allocations of the university in all activities and to make maximum use of the approved budget by controlling expenses and revenues. Seeking to reach the highest levels of quality in providing our services by simplifying and upgrading work procedures and working to achieve financial procedures quickly and accurately using the latest E-Systems, in accordance with international accounting systems.