Finance & Accounts Unit
Ensuring Financial Integrity and Optimal Resource Management
The Finance & Accounts Unit of the Directorate of Knowledge Management in Agriculture (DKMA), under the Indian Council of Agricultural Research (ICAR), is responsible for managing all financial operations and ensuring fiscal accountability. This unit plays a crucial role in budget planning, fund allocation, financial reporting, and compliance with government regulations to support DKMA's mission of agricultural knowledge dissemination.
As the custodian of DKMA's financial resources, the unit oversees budget formulation, expenditure control, fund management, and financial planning. It ensures that all financial transactions are conducted with transparency, efficiency, and in strict adherence to ICAR's financial regulations and government accounting standards.
The Finance & Accounts Unit provides critical financial support to all DKMA divisions. By ensuring timely availability of funds and efficient financial management, the unit enables these divisions to focus on their core functions without financial constraints.
The unit manages salary disbursements, vendor payments, travel expenses, procurement processes, and other financial transactions. It also handles prepares financial statements, and ensures compliance with tax regulations and statutory requirements.
The unit is responsible for maintaining accurate financial records, implementing robust internal controls, and safeguarding DKMA's assets. It prepares periodic financial reports for ICAR headquarters and other government agencies, ensuring transparency and accountability in all financial operations.
Key Functions
- Budget planning and formulation
- Fund allocation and expenditure control
- Financial accounting and reporting
- Internal audit and compliance
- Asset management and verification
Financial Services
- Payroll and pension management
- Bills processing and vendor payments
- Travel and tour advance settlements
- Procurement financial approvals
- Statutory compliance and reporting
The Finance & Accounts Unit is committed to adopting modern financial management practices and digital solutions to enhance efficiency. It leverages financial management information systems to streamline processes, reduce paperwork, and improve the accuracy and timeliness of financial operations.
The unit also provides guidance and support to DKMA staff on financial matters, including budget utilization, expense claims, and procurement procedures.
With a focus on fiscal prudence and accountability, the Finance & Accounts Unit continuously works to optimize resource utilization and strengthen financial governance. Its efforts contribute significantly to DKMA's ability to fulfill its mandate of agricultural knowledge management and dissemination.
In essence, the Finance & Accounts Unit serves as the financial backbone of DKMA, ensuring that all operations are supported by sound financial management, transparent processes, and strict adherence to regulatory requirements.