Finance Department

Since accounting science is improving with technology advancement every day, ARCS has to update its guidelines and keep pace with financial system changes for providing transparent management of accounting information. The finance department improves guidelines regarding new methods that include accounting formats, planning and modalities of financial systems…. The guideline is prepared in collaboration with national and international counterparts to provide timely and transparent financial reports to ARCS authorities, domestic and foreign counterparts. The Finance Department includes following sections: 1. Budget and Reporting: This section is responsible to;
  • Organize the budget for ARCS programs, branches and departments.
  • Arrange and sum the branches’ financial report. If the branches’ financial reports relate to projects, the finance officer of donors section works on it, and if the branches’ financial reports relate to organizational expenses, the finance officer of the fundraising and expenses works on it for arranging, summing and submitting to the finance director.
  • Prepare and submit reports to ARCS authorities.
2. Expenses Section: This section is responsible to;
  • Arrange and manage salaries.
  • Arrange monetary transferences and controlling expenses.
  • Implement advance transferences and its liquidation.
  • Compute monetary transference for procurement, construction, services….
  • Transfer liabilities, staffs and companies’ securities, taxes….
  • Provide petty cash.
3. Foreign Donations and Reporting: This section is responsible to;
  • Manage banking process and negotiate monetary donations of International Federation of Red Cross and Red Crescent Societies (IFRC), the International Committee of the Red Cross (ICRC), Partner National Societies and many other International Non-government Organizations.
  • Accurately and understandably compute projects that support by IFRC, ICRC and International NGO.
  • Provide and submit financial report to donors.
  • Provide technical support to finance officers in programs.
  • Control financial process to ensure that expenses are in line with relevant plans and objectives.
4. Domestic Donations and Fundraising: This section is responsible to;
  • Negotiate monetary donations of government authorities and other national donors.
  • Accurately and understandably compute state donations and modalities of expenses.
  • Provide and submit financial report to state and other national donors in case of need.
  • Trace the pledged financial supports from state side to ensure those deposits to ARCS account.
  • Monitor fundraising in branches levels and their transferences to ARCS account.
  • Provide technical support to fundraising finance officers in branches levels.
  • Control financial process to ensure that expenses are in line with relevant plans and objectives.

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