The Accounting Unit was established in May 2006 at the time that OUC officially began operating. This Unit has the main responsibility for effective financial management and control of the University resources, preparation and monitoring of the University Budget implementation, financial management of the students, Personnel payroll, processing of income and expenditures and accounting management of self-funded and research programmes. At this stage, the Accounting Unit consists of five offices:
Budget and Planning Office
Performs the preparation and implementation of the University budget and also future financial planning.
Payroll and Pensions Office
Performs the preparation and execution of payroll for academics, administrative staff and tutors.
Expenditure, Revenue and Accounts Office
Undertakes the processing of expenditure, collection and preparation of financial statements. In addition, this office controls the financial management of students as well as the administration of printed educational material.
Office of Accounting Management of Research Programmes
Undertakes the accounting and financial management of internal and external research programmes of the University.
Office of Accounting Management of Self-Funded Programmes
Performs the accounting management of income and expenses related to OUC’s the self-funded programmes.