Financial Reporting & Analysis

The Financial Reporting Unit comprises:-

Financial Reporting & Analysis

The main responsibility of Financial Reporting & Analysis is the provision of relevant, timely, accurate and reliable financial information and services to all stakeholders. We adhere to generally accepted accounting standards and conventions and are guided by the University's Financial Code. Included in the areas of responsibility are the:-

  • the maintenance of the Operating and General Ledgers for the respective entities.
  • ensuring that accounting/audit timetables are adhered to
  • preparation of ad-hoc and regular financial reports, as well as the annual financial statements
  • responsibility for the integrity of internal controls
  • the maintenance of Fund, Organization and Accounts codes

The Bank Reconciliation Unit

The Bank Reconciliation Unit has the responsibility for the analysis and reconciliations of all bank accounts held by the University of the West Indies, Mona Campus. The Unit is committed to ensuring that transactions in all bank accounts are accurate, properly coded and journalized for inclusion in the financial statements.
As a standard, the Unit aims to reconcile all bank accounts held locally on a daily basis, and for accounts held overseas within ten (10) working days. Currently transactions for local bank accounts are accessible on a daily basis via the Direct Access Facility with the bank, and hence up-to-date banking information is available on request.

The Fixed Assets Unit

The Fixed Assets Unit as part of the Financial Reporting Unit of the Bursary is responsible for the management of the fixed asset portfolio of the Mona Campus.  This covers all faculties/departments located on and off the campus which are entities managed by the Mona Campus.  The Fixed Asset Unit is responsible for tracking and recording all fixed assets from acquisition, capitalization, depreciation, disposal (by way of sale or write-off) over the useful life of the assets and maintain a Fixed Assets register for the Mona Campus. 

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Financial Reporting & Fixed Assets Unit- Staff Listing

The members of the Staff Benefits and Pension Section include:

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