ACCOUNTING AND TAXATION FINANCIAL DIVISION

Accounting Management

1. Plan, coordinate, and monitor strategies and activities for the preparation of Financial Statements to ensure that the University’s Annual Report and Financial Statements are submitted within the stipulated timeframe and present a true and fair view.
2. Coordinate the auditing activities of the University’s Financial Statements to ensure that audit processes are carried out smoothly and within the specified timeline.
3. Oversee accounting data, records, and the University’s General Ledger by planning and monitoring review, reconciliation, and adjustment activities to ensure that financial statements and reports for the University, Ministries, Audit, Parliament, and other stakeholders are prepared accurately and on time.
4. Submit University reports to Central Agencies or for statutory requirements, and manage the preparation of accounting data for rankings such as THES, SETARA, MyRA, and University KPI reporting.
5. Manage all University payments via EFT and cheques to ensure payments are made within the stipulated timeframe.
6. Maintain accounting records for the University’s investment accounts managed by appointed Portfolio Managers.
7. Administer the storage of financial documents, including payment vouchers and journal vouchers, taking into account internal control and document security aspects, including document disposal and audit requirements.

Trust Accounts and Taxation Management

1. Administer the management of the University’s trust accounts in accordance with applicable financial procedures and regulations to ensure that trust-related programs and activities are implemented efficiently and effectively.
2. Ensure the University complies with all conditions of approved tax incentives under the Income Tax Act 1967 (ACP 196).

Fund Management

1. Plan and manage funds efficiently to generate optimal returns for the University through Fixed Deposits, Overnight Deposits, and Liquidity Management Systems (LMS).
2. Manage and monitor the University’s cash flow and main bank accounts in accordance with monthly payment requirements to avoid deficits.
3. Monitor the management of the University’s petty cash imprest.
4. Manage the submission of unclaimed monies to the Registrar of Unclaimed Moneys (WTD) in accordance with the Unclaimed Moneys Act 1965.

Additional Responsibilities

1. Manage the financial activities of Yayasan Pak Rashid efficiently and effectively, including receipts, payments, preparation of Financial Statements, and auditing.
2. Manage the scholarship award process for students receiving the Yayasan Tan Sri (Dr.) Lim Goh Tong Endowment Scholarship in accordance with the terms of the agreement.

Updated:: 06/04/2026 [aini_abd]