execute all accounting transactions and effect the necessary reconciliation of outstanding transactions;
recover amounts established as being receivable including the recovery of VAT from the host Member State;
prepare and present the Institute’s annual accounts and financial statements – both provisional and final – in line with the applicable financial regulations;
ensure that colleagues who need to use financial procedures are aware of them, understand them and correctly apply them;
validate the Institute’s accounting systems;
file and archive documents connected to the accounting function;
Meaning of the Term Sub-counting Officer
Define the term sub-accounting Officer
Meaning of the Term Collector of Revenue
Describe the term collector of revenue
Collector of revenue: responsible with collecting all revenue received by government
Meaning of the Term Authorized Officer
Explain the term Authorized Officer
An Authorized Officer is a member of a government who has been formally empowered by that entity to conduct government on its behalf, and to enter into borrowing arrangements with financial institutions.
Meaning of the Term Public Money
Describe the term Public Money
Public money is the money that is generated by the government to provide goods and services to the general public.
Meaning of the Term Exchequer Account
Explain the term Exchequer Account
Central Government current and capital account receipts and expenditure, tax and non-tax revenue receipts, departmental expenditure voted annually by the Dial, the sinking fund (a transfer from current account to capital account to reduce national debt) and other non-voted expenditure; current and capital account surpluses or deficits. Exchequer surplus or deficit, source and application of funds, total borrowings or repayments, total increase or decrease in exchequer deposits and other balances.
Meaning of Consolidated Fund
Explain the meaning of Consolidated Fund
Consolidated Fund of Tanzania is the most important of all government accounts. Revenues received by the government and expenses made by it, excluding the exceptional items, are part of the Consolidated Fund. <!– [if !supportLineBreakNewLine]–> <!–[endif]–>
All government expenditure is made from this fund, except exceptional items which are met from the Contingency Fund or the Public Account. Importantly, no money can be withdrawn from this fund without the Parliament’s approval.
The Meaning of Treasury
Describe the meaning of Treasury
Treasury : A government department related to finance and taxation.