The Government Accounting Division develops financial and accounting procedures and policies, maintains the books of the Province, administers applicable legislation and policy to ensure adequate controls over all revenues, expenditures, assets and liabilities and prepares the provincial financial statements and related financial reports. In addition, it provides transactional processing services for accounts payable, as well as financial reporting and analysis of government-wide revenues and expenditures. To accomplish this, the Division has four distinct sections as follows:
Expenditure and Revenue Control Section
Provide policy direction, accounting and security services over all forms of Government payments, accounts payable records, arrears processing, third party assignments and cheque replacements.
Public Accounts and Banking Services Section
Maintain the books of account, prepare the Public Accounts of the Province, conduct financial analysis of actual results and record and report tangible capital asset information; monitor, manage and coordinate Government – wide banking products and services; perform trust and special purpose accounting; provide policy guidance to ensure adherence to required accounting and reporting standards, the Financial Administration Act and other legislation.
Corporate Financial Reporting Section
Provides financial reporting and analysis of government-wide revenues and expenditures. This includes the creation and maintenance of transactional, balancing and statistical reports on financial transactions processed via Government’s Financial Management System. The Section also manages Government’s financial statement consolidation application which facilitates the preparation of the Public Accounts and other related financial reporting.
Accounts Payable Processing Section
Provide transactional processing services for accounts payable. This includes invoice data entry, monitoring of invoice processing timelines and invoice certifications, and issues resolution of invoice exceptions. Provides direction as to the manner in which invoices should be provided, as well as guidance on the documentation required for processing.