Department of Accounting and Reporting (hereinafter - DAR or Department) is a structural subdivision of Kazakh-British Technical University JSC (hereinafter - KBTU or University). The Department is headed by a director appointed and dismissed by the order of the KBTU rector. In its activities, the Department is subject to the Vice-Rector on General Issues. In its activities, the Department is guided by: the current legislation of the Republic of Kazakhstan, including the RK Law "On Accounting and Financial Reporting", the Tax Code; orders of the authorized state bodies and other normative legal acts, international financial reporting standards; University accounting policies, the orders of the University; the KBTU JSC charter; KBTU JSC policies and objectives in the field of quality; Guidance on the KBTU JSC Quality and other normative documents of the quality management system (QMS) of the University; these Regulations and other internal documents of KBTU.
The main goals set before the Department are as follows:
Compiling complete, timely and reliable information about the financial condition of the University. Compiling statistical and analytical data, accounting data transfer to the Government of the Republic of Kazakhstan, financial, tax and other regulatory authorities in the cases established by the legislation. Timely submission of the consolidated and separate financial statements according to the forms and terms established by the normative legal acts of the authorized state bodies and the requirements of NC KazMunayGas JSC (hereinafter - the Shareholder). Ensuring the proper organization of accounting and analytical work, clear arrangement of accounting in accordance with the regulations of the Republic of Kazakhstan.
The Department performs the following functions:
The Department performs the following functions: Provision of accounting and tax accounting of the University. Ensuring control over availability and drive of cash at the University cash office. Ensuring the correct classification of income and expenditure for accounting periods, distinction in accounting of current costs and capital investments, identity of analytical accounting data and turnover and balance on the accounts of synthetic accounting. Ensuring completeness in accounting for accounting periods (month, quarter, year) of all KBTU operations carried out in these periods and the results of the inventory of the property. Accounting the size of shareholders’ contributions to the authorized capital of KBTU. Definition of accounting methodology and formation of the accounting policy of KBTU. Formation and timely submission of the consolidated and separate financial statements in accordance with normative legal acts of the authorized state bodies and the requirements of the Shareholder. Preparation and timely submission of statistical reporting and tax reporting to state and fiscal authorities. Compilation and submission of financial information to authorized bodies. Compilation and submission of accounting information to independent auditors. Coordination of the audit of the consolidated statements of the KBTU subsidiaries, associates and jointly-controlled entities. Coordination of KBTU and its subsidiaries, associates and jointly-controlled entities in the interaction with the external auditors. Preparation of technical specifications for setting accounting information systems, databases, reports in the field of accounting and taxation reporting. Development of the methods of the consolidation of financial reporting and organization of activities for its implementation. Implementation of common accounting procedures for KBTU and its subsidiaries, affiliates, formation of a unified accounting policy. Development of draft normative documents of KBTU on the activities of the Department, submitting them for approval by the KBTU bodies. Preparation of reports, letters, opinion letters, other information on the activities of the Department. Development of annual schedules and reports on the activities of the Department, submitting them for approval in due course.