Organization
Accounting Department
FUNCTIONS
Recording of all financial as well as maintains corporate books of accounts oncerning PNOC’s financial position obligations and collects all receivables.
- Monthly closing of books
- Monthly analysis and reconciliation of accounts
- Pre- audit of all disbursements and selected accounting documents
- Payment of bills
- Computation and payment of payroll
- Evaluation of financial standing of contractors and suppliers seeking accreditation
- Preparation of PNOC-Own and consolidated interim and annual financial statement
- Coordination of activities to ensure timely and accurate reports to the IMF Monitoring Committee and other government agencies
- Filing of quarterly and annual Income Tax Returns
- Monitoring of capital and operating expenditures
- Monthly analysis of financial results to account for significant variances
- Preparation of special reports and studies concerning the financial operations of the company
- Presentation of relevant financial information
to management to aid them in making sound decisions - Formulation of profit plans for consideration in the operating results of the company
- Compilation of financial data