FUNCTIONS OF THE FINANCE AND ACCOUNTS DEPARTMENT
NIGERIAN COPYRIGHT COMMISSION
The Finance and Accounts Department of Nigerian Copyright Commission (NCC) is responsible for the receipt, custody, disbursement and accounts of all funds received and expended by the Commission.
STRUCTURE OF FINANCE AND ACCOUNTS DEPARTMENT
The Department comprises two Divisions, namely: Finance (Budget and Revenue Units) and Accounts (Other Charges, Advances, Payroll/Integrated Payroll and Personnel Information System (IPPIS), and Final Accounts Units).
AN OVERVIEW OF FINANCE AND ACCOUNTS ACTIVITIES
Activities performed by various sections in the Department include:
Budget Unit: Prepares and monitors the performance of the Commission’s annual budget; collects and collates estimates from all Departments for the Commission’s capital and recurrent expenditures.
Revenue Unit: Keeps records of revenue generation and remittances; approves all payments on Copyright e-Registration platform.
Other Charges Unit: Prepares expenditure returns; processes payment vouchers for the payment of staff claims and contractors; schedules payments on Government Integrated Financial Management System (GIFMIS) platform; maintains outstanding approvals and prepares balances of various accounts subheads.
Payroll/IPPIS Unit: Liaises with the Integrated Payroll and Personnel Information System (IPPIS) to ensure prompt payment of salaries to staff; ensures that all statutory and other deductions are effected.
Advances Unit: Keeps records of advances granted to staff and ensures prompt retirement of such.
Final Accounts Unit: Prepares transcripts and bank reconciliation statements and ensures that Chart of Accounts (COA) is implemented.
Central Pay Office Unit: Maintains the cash books; ensures safe custody of security documents; facilitates cash management and payments on GIFMIS platform; and remits taxes and other deductions to appropriate authorities.
Checking Unit: Responsible to the DFA in checking all transaction details for completeness, accuracy and compliance with the Financial Regulations and extant Federal Government Circulars.