The Financial Affairs Unit is one of the core units at the Research and Consulting Institute at the University of Tabuk. It plays a pivotal role in managing financial resources, ensuring the integrity of accounting procedures, and promoting compliance with approved financial regulations and instructions.

The Unit works to prepare the Institute’s annual budget proposal in accordance with the issued instructions and follows up on its implementation in a manner that ensures spending efficiency and optimal use of resources.

The Unit is also responsible for preparing all financial transactions related to the Institute’s projects, programs, and services, reviewing disbursement justifications, and submitting them for approval in accordance with official procedures.

It follows up on the deposit of revenues from programs and services into the approved bank accounts and transfers the due balances to the unified account at the end of the fiscal year, after settling contractual and operational obligations.

The Unit supervises the organization of accounting records and books and documents financial entries for all the Institute’s activities and projects, ensuring data accuracy and ease of review.

It also takes the necessary procedures for disbursing and settling financial advances, and prepares memoranda related to modifying budget items and transferring appropriations in accordance with the approved budget.

The Unit contributes to preparing periodic and annual financial reports on the Institute’s financial activities, analyzing financial performance, and submitting them to senior management for approval.

It undertakes all financial transactions related to paid programs, as well as refund transactions for withdrawn students, in accordance with approved rules and regulations.

The Unit prepares end-of-fiscal-year reports on the financial affairs of the Institute and its projects, and prepares responses to observations and inquiries received from regulatory authorities, in coordination with the relevant entities.

The Unit is committed to ensuring that all its activities comply with applicable financial rules, regulations, and instructions, and to carrying out any other tasks assigned to it within its scope of specialization.