Accounting:

In charge as head of department is the Chief Accountant which is supervising accounting procedures required by the Romanian Authority on one hand and BKV-RO Principal particular procedures on the other.

The following reports are deemed to be prepared by accounting department – Chief Accountant in direct liaison with the GM.

aa. Office budget cost for the coming year – This is usually done yearly on October and sent to the BKV RO board for approval.

bb. Monthly Accounting reports:

• Requested by Romanian Authority
• Requested by BKV RO Principal
• Office expenses – Disbursement of account
• Office expenses – Statement of account including Monthly office cash request
• Monthly budget follow up
• Manning report and manning fee invoices report