The department performs various functions, which include the following:

• Preparing and ensuring that University budgets are submitted to the relevant authorities within the stipulated time.
• Administering approved Budget and prescribing budgetary procedures for effective budgetary control.

• Processing payment for various expenditure items and activities.
• Receiving and receipting revenues.
• Maintaining a system of internal controls that ensures that all revenues, expenditures, assets, and liabilities of the University are properly accounted for.
• Maintaining books of accounts of the University, and the Fixed Assets Register.
• Ensuring compliance with the applicable statutory requirements.
• Implementation of financial policies and procedures.
• Preparation of financial reports and facilitating audit activities