{"id":4376,"date":"2024-09-29T12:36:09","date_gmt":"2024-09-29T09:36:09","guid":{"rendered":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376"},"modified":"2025-12-08T08:57:13","modified_gmt":"2025-12-08T05:57:13","slug":"financial-division","status":"publish","type":"page","link":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376","title":{"rendered":"Financial Division"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text css=””]Reports to: The Administrative Department of the College, according to the organizational structure. The Financial Division is organized into the following units:<\/span><\/p>\n

1Budget Unit<\/span><\/p>\n

    \n
  1. A) The Budget Unit is responsible for organizing expenditure documents, including processing payment transactions after receiving approval from the Dean. This includes organizing store entries, preparing monthly deduction checks for employee advances and housing loans, and organizing journal entries for financial adjustments and closing entries. It also manages current account documents related to bank notifications and college funding. Additionally, the unit prepares the college\u2019s monthly trial balances and expenditure reports, including budget allocations.<\/span><\/li>\n<\/ol>\n

    \u00a0The unit also performs monthly analyses of advances, deposits, and revenues, and reconciles bank statements before sending them to the University of Baghdad\/Financial Affairs Department.\u00a0<\/span><\/p>\n

      \n
    1. B) The Budget Unit posts all payment and journal entries mentioned above in the general ledger and performs monthly reconciliations. It records expenditures from documents and updates the general budget ledgers with allocations and reconciliations. The unit also tracks revenues, advances, deposits, and creditors in their respective ledgers, and prepares general budget statements.<\/span><\/li>\n<\/ol>\n

      2) Payroll Unit<\/span><\/p>\n

        \n
      1. A) The Payroll Unit calculates salaries for the college’s permanent staff, including basic salary and allowances such as university service, degree, position, marital, child, academic title, and hazard pay, as well as government pension contributions.<\/span><\/li>\n<\/ol>\n

        – It handles monthly deductions, including income tax, overpaid salaries, social security contributions, the Employee Housing Fund, and staff loans, and organizes checks for these deductions, which are sent to the relevant banks.\u00a0<\/span><\/p>\n

          \n
        1. B) The unit processes retirement deductions and sends certified checks each month to the National Pension Authority.<\/span><\/li>\n
        2. C) It also transfers payroll lists to the salary records.<\/span><\/li>\n<\/ol>\n

          3) Treasury Unit\u00a0<\/span><\/p>\n

          The Treasury Unit at Alkindy College of Medicine collects unentitled amounts and employee deposits, as well as tax deductions via receipt vouchers. These amounts are deposited at the Rafidain Bank\/University of Baghdad branch in account number 9195. The unit receives deposit slips certified by the bank and records them in the college\u2019s treasury ledgers.<\/span><\/p>\n

          4Records Unit<\/span><\/p>\n

          The Records Unit is responsible for posting all expenditure documents, journal entries, and receipt vouchers in the daily, allocation, salary, deposit, advance, creditor, and consolidation ledgers, as well as performing monthly reconciliations.\u00a0<\/span><\/p>\n

          5) Supplies Unit<\/span><\/p>\n

          The Supplies Unit provides departments and branches with furniture, electrical equipment, medical devices, and stationery based on the college\u2019s needs. Purchased items are stored in the warehouse and distributed as needed with the Dean\u2019s approval. The unit updates warehouse records to track the inventory of furniture, electrical items, and medical equipment, distinguishing between usable and obsolete items. At the end of the year, special committees conduct inventory checks.\u00a0<\/span><\/p>\n

          – The unit retrieves worn-out furniture and materials and stores them in a dedicated “obsolete storage” facility. These items are returned based on special approvals through the Maintenance Division after inspection, repair, or transfer to the obsolete store (for disposal). The unit coordinates with the university for disposal or with technical workshops for repairs or refurbishing, following University of Baghdad regulations.\u00a0<\/span><\/p>\n

          – Additionally, the Supplies Unit records gifted or returned items to the college in special ledgers and distributes them to the appropriate beneficiaries.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_raw_js]JTNDc2NyaXB0JTNFJTIwdmFyJTIwdHJhbnNfcGFnZSUzRCUyMjUyNDUlMjIlM0IlMjAlM0MlMkZzY3JpcHQlM0U=[\/vc_raw_js][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

          [vc_row][vc_column][vc_column_text css=””]Reports to: The Administrative Department of the College, according to … <\/p>\n","protected":false},"author":28,"featured_media":0,"parent":4356,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-4376","page","type-page","status-publish","hentry"],"yoast_head":"\nFinancial Division - Al-Kindy college<\/title>\n<meta name=\"description\" content=\"The Administrative Department of the College, according to the organizational structure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Division - Al-Kindy college\" \/>\n<meta property=\"og:description\" content=\"The Administrative Department of the College, according to the organizational structure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376\" \/>\n<meta property=\"og:site_name\" content=\"Al-Kindy college\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/alkindycollege\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-08T05:57:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/en.kmc.uobaghdad.edu.iq\/wp-content\/uploads\/sites\/61\/2024\/05\/IMG_1471.png\" \/>\n\t<meta property=\"og:image:width\" content=\"3464\" \/>\n\t<meta property=\"og:image:height\" content=\"3464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@alkindycollege\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376\",\"url\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376\",\"name\":\"Financial Division - Al-Kindy college\",\"isPartOf\":{\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/#website\"},\"datePublished\":\"2024-09-29T09:36:09+00:00\",\"dateModified\":\"2025-12-08T05:57:13+00:00\",\"description\":\"The Administrative Department of the College, according to the organizational structure.\",\"breadcrumb\":{\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Devsions and Units\",\"item\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4356\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Financial Division\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/#website\",\"url\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/\",\"name\":\"Al-Kindy college of Medicine\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/#organization\",\"name\":\"University of Baghadad\",\"url\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/wp-content\/uploads\/sites\/61\/2024\/05\/baghdad.png\",\"contentUrl\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/wp-content\/uploads\/sites\/61\/2024\/05\/baghdad.png\",\"width\":296,\"height\":300,\"caption\":\"University of Baghadad\"},\"image\":{\"@id\":\"https:\/\/en.kmc.uobaghdad.edu.iq\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/alkindycollege\",\"https:\/\/x.com\/alkindycollege\",\"https:\/\/www.instagram.com\/alkindycollegeofmedicine\/\",\"https:\/\/www.linkedin.com\/company\/alkindy-college-of-medicine\/\",\"https:\/\/www.youtube.com\/channel\/UC9yQCF_6yUo0eK2dlIecjXA\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Division - Al-Kindy college","description":"The Administrative Department of the College, according to the organizational structure.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376","og_locale":"en_US","og_type":"article","og_title":"Financial Division - Al-Kindy college","og_description":"The Administrative Department of the College, according to the organizational structure.","og_url":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376","og_site_name":"Al-Kindy college","article_publisher":"https:\/\/www.facebook.com\/alkindycollege","article_modified_time":"2025-12-08T05:57:13+00:00","og_image":[{"width":3464,"height":3464,"url":"https:\/\/en.kmc.uobaghdad.edu.iq\/wp-content\/uploads\/sites\/61\/2024\/05\/IMG_1471.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@alkindycollege","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376","url":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376","name":"Financial Division - Al-Kindy college","isPartOf":{"@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/#website"},"datePublished":"2024-09-29T09:36:09+00:00","dateModified":"2025-12-08T05:57:13+00:00","description":"The Administrative Department of the College, according to the organizational structure.","breadcrumb":{"@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4376#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/en.kmc.uobaghdad.edu.iq\/"},{"@type":"ListItem","position":2,"name":"Devsions and Units","item":"https:\/\/en.kmc.uobaghdad.edu.iq\/?page_id=4356"},{"@type":"ListItem","position":3,"name":"Financial Division"}]},{"@type":"WebSite","@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/#website","url":"https:\/\/en.kmc.uobaghdad.edu.iq\/","name":"Al-Kindy college of Medicine","description":"","publisher":{"@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/en.kmc.uobaghdad.edu.iq\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/#organization","name":"University of Baghadad","url":"https:\/\/en.kmc.uobaghdad.edu.iq\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/#\/schema\/logo\/image\/","url":"https:\/\/en.kmc.uobaghdad.edu.iq\/wp-content\/uploads\/sites\/61\/2024\/05\/baghdad.png","contentUrl":"https:\/\/en.kmc.uobaghdad.edu.iq\/wp-content\/uploads\/sites\/61\/2024\/05\/baghdad.png","width":296,"height":300,"caption":"University of Baghadad"},"image":{"@id":"https:\/\/en.kmc.uobaghdad.edu.iq\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/alkindycollege","https:\/\/x.com\/alkindycollege","https:\/\/www.instagram.com\/alkindycollegeofmedicine\/","https:\/\/www.linkedin.com\/company\/alkindy-college-of-medicine\/","https:\/\/www.youtube.com\/channel\/UC9yQCF_6yUo0eK2dlIecjXA"]}]}},"_links":{"self":[{"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=\/wp\/v2\/pages\/4376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4376"}],"version-history":[{"count":1,"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=\/wp\/v2\/pages\/4376\/revisions"}],"predecessor-version":[{"id":5751,"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=\/wp\/v2\/pages\/4376\/revisions\/5751"}],"up":[{"embeddable":true,"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=\/wp\/v2\/pages\/4356"}],"wp:attachment":[{"href":"https:\/\/en.kmc.uobaghdad.edu.iq\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}