The accounting department performs daily functions of collecting and accounting for revenue, receipt of government subventions, grants and other income, preparing deposits, account analysis, payroll, processing purchase orders, check requests, contractors, internal audit, tax matters, disbursement of funds, monitoring and reporting on subventions, budgets and various projects to assist members, assist management with accounting administration .

The department also prepare and monitor annual budgets in consultation with management, FGPC and council, liaise with Federal Ministry of Finance, Central Bank of Nigeria and the Accountant General of the Federation office for release of funds-capital, recurrent and grants, taking charge of accounts of the Institute , reconciling accounts and rendering financial returns and reports, interpreting and analyzing final accounts, ensure full compliance of the contractors to terms of contract before releasing funds , and remittance / deduction of taxes like Value Added Tax(VAT)and Withholding Tax, making sure that all Procurements and financial documents are properly and up to date. Etc.

The department provide quantitative information which are primarily financial in nature, this information are used by the Institute in answering question such as; what are the resources of the Institute? What debt it owed? Does it have surplus? Are expenses too large in relation to revenues? Is too little or too much supplies being kept? Are money owed by member or debtors being collected rapidly? Will the Institute be able to meet its own debts as they mature? Should the project be expanded? Should a new project be introduced? Should selling price of certain items be increase?

The Institute was operating five accounts before now namely Central Bank of Nigeria for capital projects, First Bank of Nigeria for personnel cost, First bank of Nigeria for overhead cost, Union bank of Nigeria and United bank for Africa for internally generated funds but all these accounts have been closed due to a directive from the Federal Government after the introduction of Government Integrated Financial Management Information System (GIFMIS) and the Treasury Single Account (TSA).

The Government Integrated Financial Management Information System (GIFMIS) is an IT based system for budget management and accounting that is being implemented by the Federal Government of Nigeria to improve Public Expenditure Management processes, enhance greater accountability and transparency across Ministries and Agencies. GIFMIS is designed to make use of modern information and communication technologies to help the Government of Nigeria to plan and use its financial resources more efficiently and effectively .The GIFMIS now replace the Institute's overhead, capital account and also through this system, the Institute being an Agency of the Federal Government under the Ministry of Health now receives salaries directly from the Accountant General's Office under the Integrated Personnel Payroll Information System (IPPIS)

The Treasury Single Account (TSA) - This is a financial policy implemented by the federal government of Nigeria since September 15, 2015 to consolidate all inflows/internally generated funds (IGR) from the country's ministries, departments and agencies (MDAs) by way of deposit into commercial banks, traceable into a single account at the Central Bank of Nigeria. The Institute's internally generated funds uses this platform.

Internally Generated Revenue (IGR) was estimated to come from subscription of fellows and members, practice licence, workshops, sales of forms, etc while other funds to cover personnel cost, overhead cost and capital were to come from Federal Government.


MODE OF PAYMENT TO IPAN TSA
FOR PAYMENT INTO IPAN TSA ACCOUNT
Login to www.remita.net and click on Pay A Federal Government Agency.
Follow the subsequent links (i.e. Name of MDA : INSTITUTE OF PUBLIC ANALYSTS OF NIGERIA;
Name of Service/ Purpose : SALES;

Description : PAYMENT FOR MEMBERSHIP APPLICATION FORM, etc.)to generate the Remita Retrieval Reference (RRR) Number, which you will take to ANY BANK and complete your payment OR proceed to pay with your card if you can print out the evidence of payment.

Thereafter, send (e-mail) then print out the evidence of payment OR your teller and receipt of payment to us.