Financial-Accounting Department

Financial-Accounting Department

The University of Medicine and Pharmacy of Craiova (U.M.F.) organizes and manages its own accounting, respectively financial accounting, management accounting and accrual accounting, as well as its own preventive financial control activity within the Financial-Accounting Department, directly subordinated to the Economic Director.

The Financial-Accounting Department is a functional-administrative structure which carries out its activities in accordance with the relevant legal provisions and reports directly to the Rector.

The Financial-Accounting Department of the University of Medicine and Pharmacy of Craiova, through the specialized staff with training in the economic field, coordinates the entire financial-accounting activity and keeps track of all budgetary and extra-budgetary resources of this institution.



The Financial-Accounting Department provides:

Ø drawing up the revenue and expenditure budget on the basis of the approved budget limits and submitting it to the Chief Authorising Officer for approval;

Ø information to the management structures on the implementation of the revenue and expenditure budget and the annual implementation account;

Ø drawing up and analysing the balance sheet;

Ø the measurement, evaluation, knowledge, management and control of assets, liabilities and equity and the results achieved;

Ø the chronological and systematic recording, processing, publication and storage of information on the financial position and cash flows, both for the institution's internal requirements and in relations with external users of financial information (customers, suppliers, public institutions and other users);

Ø exercise of own preventive financial control within the University, through the persons designated by the decision of the Rector of the University of Medicine and Pharmacy of Craiova, issued on the basis of the opinion granted by the Ministry of Education. These persons may not be involved, through their duties, in the approval, performance and recording of operations subject to their own preventive financial control.

Updated on 1/19/23, 2:16 PM