Accounting And Finance Directorate General

Duties and Objectives of the Accounting and Finance Directorate General:

The Accounting and Finance Directorate General was established, according to Paragraph 3 of Article 9 and Article 101 of the Da Afghanistan Bank Law. The directorate is tasked with preparing the financial reports of Da Afghanistan Bank (DAB), budgeting, managing the salaries and benefits of DAB employees, granting employee loans, processing receivables, payables, and other payments, as well as registering and managing the bank’s fixed assets.

The directorate also exercises control over DAB’s financial transactions, manages fund transfers, oversees inactive accounts, maintains the accounts of correspondent banks, and administers DAB's foreign exchange reserves.

Organizational Structure:

The Accounting and Finance Directorate General consists of three Deputy Directorates: the Deputy Directorate General of Accounting, the Deputy Directorate General of Reporting, Control, and Budget, and the Deputy Directorate General of CBS. All of these deputies have separate sections, working within the structure of the deputies.

1.  Deputy Directorate General of Accounting:

The Deputy Directorate General of Accounting is responsible for executing all accounting and financial transactions in accordance with accounting procedures and international financial reporting standards. All accounting transactions of the Finance and Accounting Directorate General, including salaries, loans, payables and receivables, reconciliations, dormant accounts, and fixed assets, are carried out by the Accounting Deputy Directorate General and subsequently referred to the Deputy Directorate General of Reporting, Control, and Budget for evaluation and oversight.

In addition, the execution of transactions related to salaries, allowances, loans, receivables, reconciliations, dormant accounts, fixed assets, prepayments, and payables of expenditures and revenues, as well as the preparation of trial balances and final balances, are considered among the core responsibilities of the deputy directorate.

Payroll Section:

This directorate is responsible for processing salary transactions, overtime payments, educational and professional allowances, and other employee-related disbursements of Da Afghanistan Bank, in accordance with applicable procedures and regulations.

Loans Section:

The directorate is responsible for processing miscellaneous loans, marriage loans, educational loans, construction loans, and home purchase loans for Central Bank employees, in accordance with applicable procedures and regulations.

 Financial Claims and Payments Section:

The section is responsible for executing procurement transactions, construction contracts, cancelling repair claims, transferring daily expenses, processing travel allowance, transferring capital note taxes and overnight deposits to the Ministry of Finance account, paying food expenses, processing payable transactions and their settlement, processing advance payments and their settlement, overseeing the money issuance cycle, weekly valuation of gold, and recording historical transactions.

Fixed Assets Section:

The section is responsible for registering and securing public ownership of Da Afghanistan Bank’s assets, calculating the value of software and donated equipment, managing the revaluation process of the bank’s assets, valuing increases and decreases in Da Afghanistan Bank’s assets, scheduling revaluation periods, assessing depreciation, and handling other matters related to the bank’s fixed assets.

Dormant Accounts Transfer and Maintenance Section:

The section is responsible for preparing reports on dormant accounts, transferring funds from dormant accounts, disbursing funds to customers, transferring funds to the Ministry of Finance, and transferring funds back to customers’ dormant accounts.

Reconciliation Section:

The section is responsible for reconciling the accounts of DAB’s correspondent banks, reconciling LC accounts, reconciling investment accounts and other purchased securities, following up on unreconciled amounts, and preparing reconciliation reports for the correspondent banks.

Foreign Exchange Reserves Back Office Section:

The section is responsible for introducing and managing the authorized signatories of Da Afghanistan Bank, recording the Bank’s foreign reserve transactions in the banking system, verifying demand deposits and foreign exchange transactions with foreign banks, transferring funds for investments and making payments through foreign banks, as well as buying and selling foreign securities of Da Afghanistan Bank.

(2) Deputy Directorate General of Control, Reporting, and Budget:

The Deputy Directorate of Control, Reporting, and Budget is responsible for preparing financial reports and overseeing the financial and accounting operations of the Directorate General of Finance and Accounting. The Deputy Directorate, as a member and lead team, in coordination with other sections of the Directorate, is accountable for preparing the annual financial report of Da Afghanistan Bank. The Control, Reporting, and Budget Sections operate under its authority.

Budget Section:

The budget of Da Afghanistan Bank is prepared based on the fiscal year and is categorized into revenue, operational expenditures, and capital expenditures. The Budget Section works closely with other directorates to interpret, consolidate, harmonize, and facilitate budget preparation. Meanwhile, the section is tasked with preparing and submitting various reports on budget execution to the competent authorities and relevant departments.

After analyzing and evaluating the budget draft of Da Afghanistan Bank, the section is required to submit it to the Budget Committee. Following discussions and the exchange of viewpoints, it is forwarded to the Executive Board of the central bank for finalization. Finally, after being finalized, the draft budget is submitted to the Supreme Council of Da Afghanistan Bank for approval.

Financial Control Section:

The Financial Control Section, under the supervision of the Deputy of Financial Accounting, carries out control procedures in accordance with the Financial Control Guidelines. These procedures include reviewing documents, recalculating accounting tables, reconciling, and ensuring the quantity and quality of operations based on approvals and decrees, correspondence and inquiries, certifications, financial vouchers, accounting tables, invoices and bills, contractual documents, quality tests, licenses, travel documents, and forms.

Financial Reporting Section:

This section is responsible for maintaining the chart of accounts and ensuring its proper implementation. It is also tasked with safeguarding financial materials and information, including creating backups and maintaining them. It is noteworthy that preparing and submitting monthly and annual reports of Da Afghanistan Bank to the relevant authorities, as well as preparing financial statements such as the trial balance, profit and loss statement, balance sheet, cash flow statement, and statements of stakeholder accounts, are among the core responsibilities of the section.

(3) CBS Deputy Directorate General

The CBS Deputy Directorate General of Da Afghanistan Bank is responsible for providing banking services and ensuring that accounting operations are fast, transparent, and reliable, while simultaneously facilitating the necessary resources for staff to perform their duties. Delivering services to the bank’s employees and clients through CBS system modules and other connected systems, coordinating and collaborating with all directorates, sections, and private banks, maintaining and updating the DAB’s software and applications, and ensuring compliance with legal obligations constitute the core objectives of this Deputy Directorate.