Saif Ahmed Said Al Harthy

Introduction to Accounting : the course is about accounting and focuses on using accounting information, preparation and interpretation of accounting data, nature of assets, liabilities and capital, understanding accounting reporting process, calculation of business profits and losses and preparation of financial statements for sole proprietors. This course shall enable the students to handle task of accounts assistant at junior level.

Financial Accounting 1 :This course is an in-depth examination of the Theory, Principles, Procedures, Practices and issues associated with items presented on Financial Statements, with emphasis on adjustment and opening closing entries necessary before the presentation of Final Accounts. On completion of this semester the learners will be able to manage accounts of any sole trading organization and thus best suitable to handle the position of accountant.

Entrepreneurship: Creativity and Innovation This is an introductory course in Entrepreneurship, Creativity and Innovation. The course aims to expose undergraduate students of various backgrounds of business venturing and entrepreneurial activity. Students will apply their own business ideas and assess them using knowledge and skills acquired during the course. The course will provide the students the significance of entrepreneurship in Oman and also introduce them to the entrepreneurial processes in Oman from finding and evaluating good business opportunities to new venture start-ups. The course will also train the students to write up the basic Business Plan.

· Prepares and records asset, liability, revenue, and expenses entries by compiling and analysing account information.

· Prepare financial statements, reports and records by collecting, analysing and summarizing account information.

· Responsible for general ledger.

· Fixed asset processing and reporting.

· Maintain bank accounts by requesting disbursements.

· Monitor reserve accounts and short-term fund investments.

· Review bank statements

· Research and reconcile all discrepancies.

· Auditing and verifying documents.

· Following internal controls.

· Completing data backups

· Financial and profitability analysis on a requested basis.

· Planning, assigning, and directing work.

· Addressing complaints and resolving problems.

· Objectively assess a company’s IT and/or business processes

· Assess the company’s risks and the efficacy of its risk management efforts

· Evaluate internal control and make recommendations on how to improve

· Communicate the findings and recommendations

· Identify and assess areas of significant business risk.

· Manage resources and audit assignments.

· Compile and implement the annual Internal Audit plan.

Ensure complete, accurate and timely audit information is reported to Management and/or Risk Committees.

· Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.

· Reconciling processed work by verifying entries and comparing system reports to balances

· Maintaining historical records

· Paying employees by verifying expense reports and preparing pay checks

· Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit; generally responding to all vendor enquiries regarding finance

· Preparing analyses of accounts and producing monthly reports

· Continuing to improve the payment process

· Verify, allocate, post and reconcile accounts payable and receivable

· analyses financial information and summarize financial status

· Spot errors and suggest ways to improve efficiency and spending

· Provide technical support and advice on Management accountant

· Review and recommend modifications to accounting systems and procedures

· Manage accounting assistants and bookkeepers

· Prepare financial statements and produce budget according to schedule

· Develop and document business processes and accounting policies to maintain and strengthen internal controls

· Liaise with our Financial manager and Accounting manager to improve financial procedures

· Research potential vendors

· Compare and evaluate offers from suppliers

· Negotiate contract terms of agreement and pricing

· Track orders and ensure timely delivery

· Review quality of purchased products

· Enter order details (e.g. vendors, quantities, prices) into internal databases

· Maintain updated records of purchased products, delivery information and invoices

· Prepare reports on purchases, including cost analyses

· Monitor stock levels and place orders as needed

· Coordinate with warehouse staff to ensure proper storage

· Attend trade shows and exhibitions to stay up-to-date with industry trends

· Control purchasing department budgets

· Prepare and process requisitions and purchase orders for supplies and equipment.

· Analyses market and delivery systems in order to assess present and future material availability.

· Prepare reports regarding market conditions and merchandise cost.

· To prepare the total amount of salaries to be paid to all the employees of the University.

· To issue loans that has been approved by the University Management and Director of Finance.

· To calculate the amount to be paid to the part-time staff based on the number of days worked.

· To calculate the overtime to be paid to the employees who have put in extra work hours.

· To calculate the amount to be paid to the academic staff who have worked extra especially during summer courses based on the no. of hours and the amount that has been allotted for each hour. Eg: 15 hours of teaching @ R.O. 20/per hour.

· To calculate the Leave Encashment — the amount of compensation that has to be paid for the University staff who has opted to work in lieu of his accumulated leave.

· To calculate the Ticket Compensation — the amount of compensation to be paid towards the cost of the airline tickets for the staff that have opted to receive cash in lieu of their annual airline tickets which is calculated @ 75% of the ticket value.

· To act under the direction of the University Management and the Director of Finance in issuing salary advances to the staff who has applied for it.

· To issue salary in the form of cash in lieu of bank transfer for the staff who has applied for cash. This has to be approved by the University Management or the Director of Finance.

· To issue salary in cash to all the staff who do not hold a valid bank account. This is especially for the newly employed staff.

· To calculate the reward to be paid to any staff member who has been approved by the University Management and Director of Finance.

· To calculate the deductions to the salary of every staff who has taken a loan from the university or has taken advance from the salary.