Ajman Finance organises workshop on fiscal year 2023 final account preparation

The Ajman Department of Finance (DoF) hosted a workshop on the procedures for preparing the final general account of government agencies for the fiscal year 2023. Attended by specialised personnel from various Ajman government departments, the workshop underscored the DoF's dedication to offering crucial support in enacting policies and government financial directives. This workshop forms a key component of the Department's continuous efforts to establish robust frameworks for handling government financial matters while also offering guidance and technical assistance to local government departments. Marwan Al Ali, Director-General of the Ajman Department of Finance, underscored that organising the workshop is a testament to the Department's dedication to fostering integration and joint efforts with partners across various government agencies. The aim is to elevate the government's financial work system at the emirate level to align with global standards and practices, in line with the wise leadership's d irectives to ensure Ajman's financial sustainability and boost its competitiveness. Al Ali also emphasised the critical role of the reports and data derived from the final account in aiding decision-makers to enhance financial planning, thereby achieving sought-after efficiency and effectiveness at both local and federal levels in the UAE. Abdul Ghaffar Al Khaja, Director of the Department of Government Accounts at DoF, elaborated that the workshop was designed to acquaint participants with the intricacies of the final financial accounts and their various elements. It also aimed to raise awareness about the standard rules and principles involved in preparing these accounts and the procedures for closing them, per the financial circular No.3 of 2023. Source: Emirates News Agency