Welcome note from Finance Department

FINANCE DEPARTMENT

The finance function is central to any organization. The strength or weakness of the finance function will mean the difference between failure and success of any entity.The department is headed by the Chief Accountant who is responsible to Deputy Rector Planning, Finance and Administration (DR-PFA). Currently, the department has 2 sections ( Revenue and Expenditure) with 10 Staff.

The following are the main roles of the department;

• To collect the fees from students and other stakeholders.
• To manage the institutes budget.
• To maintain clear financial records of the students and other stakeholders.
• To advise the management on financial related matters.
In addition, the institute is collecting its fees by using the Government system known as Government electronic Payment Gateway (GePG) where by the students and other stakeholders are provided with Control Number which later on is used to make payment. For the case of payment, the institute is also using the Government system known as Mfumo wa Ulipaji Serikalini (MUSE). MUSE is a home grown web based accounting software which is fully owned by Government of Tanzania. It is the first accounting software to support Government financial and accounting business process. The system is easy-touse and has all the standard accounting features plus additional features that even more expensive software’s don’t have.