Department of Accounting

Main Responsibilities:

• Ensure the proper organization and fairness of accounting, and organize document circulation.

• Control the preservation of property on the university's balance sheet, and ensure the correct use of cash funds and material assets.

• Implement and widely use modern tools for automation in accounting, as well as progressive forms and methods of accounting. Reflect the movement of material assets and ensure their timely recording.

• Control the incoming cash, fixed assets, and inventory, manage their expenditures, and process the necessary documents for receiving them.

• Ensure accurate calculation and timely payments to taxes, pension funds, and trade union councils.

• Prepare reliable accounting reports based on primary documents and accounting records, and submit them to relevant ministries and organizations within the designated deadlines.

• Conduct economic analysis of the university's financial activities to prevent excessive spending, in collaboration with other departments.

• Ensure the timely preparation of the university’s expense budget and reporting on its execution, and submit it for registration with the Ministry of Economy and Finance.

• Perform regular oversight of the university’s financial and economic operations in accordance with financial and economic regulations.

• Ensure compliance with established rules for registering cash, inventory, fixed assets, and payment documents.

• Ensure the proper de-registration of the university’s fixed assets and inventory according to legal requirements.

• Ensure the proper use of payroll funds, setting salaries, and compliance with staffing and budget discipline.

• Follow up on accounts receivable collection and accounts payable payment within the stipulated timeframes, ensuring compliance with payment discipline.

• Participate in commissions dealing with the documentation of shortages and thefts, and ensure the transfer of these documents to law enforcement agencies when necessary.

• Prepare measures to prevent shortages, illegal expenditure of cash and material assets, and violations of financial and economic legislation.

• Gather information about the state of economic activities from departments, analyze it, and maintain records.

• Ensure the proper storage of accounting documents, formalize them as per the established procedures, and submit them to the archive.

• Develop new job descriptions for accounting staff within the designated deadlines and review existing job descriptions.

• Ensure the qualification development of employees, study and implement best practices.

• Formalize documents related to financial transactions, cash inflows and outflows, prepare bank transfers, calculate business trip expenses, and handle other financial matters. Manage the financial services for employees, including travel sheets, securities, and official documents.

• Calculate all types of salaries, bonuses, allowances, and deductions related to employee compensation.

• Control the receipt and expenditure of material assets in warehouses and departments, process the necessary documents for receiving them, and formalize the corresponding power of attorney.

Structure of the Accounting Department:

The Accounting Department consists of the Chief Accountant, Deputy Chief Accountants, Accountants, and Cashiers. The structure of the department is approved by the university rector, in coordination with the Ministry of Higher Education, Science, and Innovation, based on a model organizational structure and staffing norms.

The Chief Accountant leads the department’s operations.

Employment contracts for the Chief Accountant and other employees are made in accordance with the labor laws of the Republic of Uzbekistan and the established procedures at the university, based on the rector’s order. Contracts can be amended or terminated as necessary.

The Chief Accountant must have higher education in economics and at least five years of effective work experience in the field.