Duties & Responsibilities of Finance Department
Finance Department shall:
(a) Formulate and estimate the Annual Budget Accounts for YESC;
(b) Record and keep the daily budget accounts entry;
(c) Develop and submit the annual and monthly financial report and bank statements;
(d) Oversee the income and expenditure;
(e) Assess and carry out for the increment of corporation income;
(f) Monitor the corporation income not to be wasted;
(g) Carry out the remuneration for the BOD, CEO and the staffs;
(h) Perform to comply keeping the financial statements with Myanmar Financial Statement Standards in accordance with International Account keeping functions;
(i) Perform the Financial Management to be successful YESC’s functions in accordance with the Market Economy;
(j) Contribute the financial statements related with Local and Foreign procurements;
(k) Monitor & inspect the YESC’s expenditure / expenses to comply with financial rules and procedures;
(l) Review and monitor for rewarding expenses, running funds and other funds for reservation and investment functions base on the YESC’s Budgets/expenditures.
(m) Oversee the auditing of YESC’s project by appointed audit team.
(n) Assess the budgets / (income and expenditure) and estimating new tariff to propose if necessary.