Who is a spending officer

The financial officer is the person who controls the spending, and sometimes the funding, of an operation. The financial officer of a company is the person who is in charge of finances, accounting and investment activities of the company.

This includes monitoring all expenses and budgets within the company to comply with approved policies. Specific duties include approving invoices, issuing receipts and creating overall budget projections. Other specialized duties can include maintaining the required government documentation and ensuring the delivery of financial records in a timely manner. Depending on the organization, the financial officer can be as high as a Vice President reporting to the CEO or further down as someone strictly in charge of overall accounting.

The fact that the Directorate of Internal Audit conducts daily checks in connection with the University accounts or finances does not absolve any Cashier from shortages that may subsequently be detected.

Skip to main content. The Petty-Cash Book Keeping other records for the proper recording of all financial transactions of the University. Rendering account to the Director of Finance for any surplus that occurs in the accounts. Cashier A Cashier is an Officer other than the Chief Cashier, authorised by the Director of Finance, to collect revenue that accrues to the University.

Duties of a Cashier It is the duty of a Cashier to: Issue receipts for any sums of money received on behalf of the University. Liabilities of a Cashier The fact that the Directorate of Internal Audit conducts daily checks in connection with the University accounts or finances does not absolve any Cashier from shortages that may subsequently be detected.