Adam Olugbenga Hammed (Profile)
Head, Final Account & Report Unit

Email: @uniosun.edu.ng

Functions and Responsibilities of the Unit

The Final Account is the destination for all the activities of other units in the Bursary. This unit reviews all other units’ activities and operations.

The section is saddled with preparation of both monthly and Annual financial statements

The unit provides a clear picture of the university's financial position to its management, Council, Government, and its agencies, and any other users of accounting information.

The specific functions of the unit are to:

• Prepare and report on management accounts and financial statements
• Check the summary and detailed Trial balance for errors
• Confirm the accuracy of records using balancing and confirmatory procedures
• Prepare monthly, quarterly, half-yearly, and annual management accounts for the management and Council
• Call Over of Receipt and Payment vouchers
• Confirm the accuracy of codes assigned and the correctness of the documents
• Raise journal vouchers to correct errors
• Retrieve records for external Auditors and government representatives (Auditor General, Accountant general) from achieves at any time.
• Coordinate the statutory audit of the university's financial statements
• Invite the auditor for the annual audit exercise
• Agree on a date with external auditors for the starting of audit exercise
• Attend to issues raised by external Auditors during the audit exercise
• Respond to Management letters from the Auditors

Visitation by Representatives of Various Government Financial Regulatory Bodies and Agencies

• Receive official from supervisory and regulatory agencies
• Respond to queries raised (if any).
• Responsible for the creation of accounting codes
• Communicate with various units concerned, informing them of the created codes