Zimbabwe School Of Mines

Serving the SADC mining industry

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Home Finance and Administration

General Mandate

Provision of competent and efficient accounting and financial services all the time.

Responsibilities

Accounting
Recording and maintaining a proper set of books of accounts in accordance with international, Zimbabwean and the School corporate accounting policies and standards.

Management Accounts

  • Competitive costing of all ZSM products, stock control, variance accounting and management.
  • Financial Plans and Controls.
  • Production of budgets, cash flows and financial plans.

 

Internal Control System

  • Internal auditing, maintenance of the internal control system checks on assets and stocks and other financial controls.
  • Project Proposals and financing
  • Sourcing funds, investment appraisal, feasibility studies and cost benefit analysis.

 

Final Accounts

  • Annual final reports, preparation of audit schedules
  • Ensure staff members undertake staff development programmes.

 

Budgets

Production and management of budgets

Cashflow

Management of cash flow and ensure organizational continues in operation

Enabling objectives

  • To have a total integrated system by 2012
  • To produce and produce a financial information procedure manual to be used as a reference or guide in the financial department for the School.
  • To timeously capture all financial data for the production of the year end reports.
  • To attend a least two training sessions per year in accounting software program in order to remain updated and improve quality of service.
  • To encourage all accounting staff members to undertake or finish the professional qualifications in accounting.
  • Constantly review the fees determination policy.
  • Acquiring a 5-multi user license accounting software.
  • Employment of an Internal Auditor.
  • Computerization of the stores section by 2010.
  • To produce final accounts as per the IAS  all times
  • To become transparent and professional in financial accounting reporting.
  • Database management-to conduct students audits on  a quarterly basis to ensure quality and excellent service
  • Cash Management-to keep optimum levels of cash and invest  and excess cash
  • Debt Management-to put  in place a strong debt management system which entails grading of customers .