The Finance Department is the primary financial institution of Shanghai Jiao Tong University School of Medicine. The Department ensures all financial and economic businesses to conform with national regulations and systems, and regulates the financial and accounting work of the School. The Department also improves the financial management system at all levels of the School, ensures an orderly progress of the School's financial and accounting work, and guarantees a smooth development of various undertakings.
The primary responsibilities of the Finance Department are as follows.
(1) Implementing applicable national laws and financial regulations, establishing and improving the School’s financial system, and standardizing the economic order within the School.
(2) Establishing and improving budget management mechanisms, reasonably preparing budgets, strictly executing budgets, preparing complete and accurate final accounts and financial reports, comprehensively implementing performance management, and improving the efficiency of fund utilization.
(3) Raising funds through multiple channels in accordance with the law, formulating income increase plans with secondary organizations, standardizing fee management mechanisms, improving economic distribution policies, optimizing resource allocation, and improving educational efficiency.
(4) Saving expenses, keeping financial accounting for various economic transactions, continuously improving the quality of accounting information, improving various essential financial and accounting work, deepening decentralization, management and service, and providing high-quality accounting services.
(5) Strengthening asset management, wholly and truthfully reflecting asset conditions, ensuring fund safety, rational allocation and effective utilization of assets, and preventing asset loss.
(6) Strengthening financial supervision, establishing and improving internal control and supervision systems for various financial and accounting businesses, maintaining financial discipline, and preventing financial risks.
(7) Supervising and guiding the financial and accounting business of secondary organizations, strengthening the financial and accounting team, and continuously improving the professional ethics and quality of financial and accounting personnel.