FINANCE AND ACCOUNTS

Accounts and Finance department is an established department of Nigerian Stored Products Research Institute. It is headed by a Director who is a professional and seasoned accountant. The department has 5 units namely, Final Accounts, Personal Emolument, Treasury, Other Charges and Store.   These units are headed by senior officers and have their responsibilities and schedule of duties spelt out in the Financial Regulations.The department has the responsibility of keeping all the books of accounts and financial transactions of the Institute as laid down by Federal Government financial regulations. It coordinates the preparation of the annual estimates and budget of the Institute and compares the actual expenditure and income on continuous basis with the estimates thereby facilitating budgetary control.

The department also prepares final accounts on annual basis. The Final accounts comprises of income and expenditure account, statement of affairs, source and application of funds and statement of value added. 
The Final accounts information is for the use of the Federal Government, the house of assembly Tax office, the management of the Institute and donors to the Institute.
In discharging its responsibilities, the department keeps to the provisions of the financial regulations,  statement of accounting standard and company and allied matter acts of 1990.

The department reports to the Chief Executive officer of the Institute.