Q1. Please create a policy & procedure for Accounts payable section In Finance Department,

( Payment Process Policy and Procedure ) in the American University Of Dubai,

Please answer the point below:

a. Purpose of payment process.

(Please mention the reason for the creation of this policy. A concise summary of the objectives may also be given if it helps to clarify the subject matter. The purpose statement should inform readers why the section was issued and what information they will find there.)

The purpose of a policy is to:

a) Promote accountability.

b) Direct, regulate and control actions or conduct.

c) Put criteria that allows users to regulate their own conduct in an appropriate manner.

d) Ensure the University is in compliance with applicable legislation.

e) Simplify how the University conducts business.