History

The Office of Finance was originally established in 1988 under the name “Treasury Unit,” functioning as a support unit responsible for financial, accounting, and procurement management. It operated under the Central Division, Office of the President, King Mongkut’s Institute of Technology Thonburi (KMUTT).

Subsequently, on March 11, 1997, it was officially upgraded to a departmental-level government agency under the name “Treasury Department” and formally announced in the Royal Thai Government Gazette. The Division of Finance reported to the Office of the President of KMUTT, and was organized into three core functional groups: the Accounting Unit, the Finance Unit, and the Procurement Unit. An administrative unit was also established to support general operations.

On March 7, 1998, the institution transitioned to a government-supervised university, officially becoming King Mongkut’s University of Technology Thonburi (KMUTT). This change was intended to enhance administrative flexibility through the mechanisms of the University Council, which is responsible for overseeing the university’s operations in line with government policy. As a result, the Office of Finance was required to establish a financial and accounting management system that aligns with national accounting policies. University revenue expenditure must be allocated through an annual budget approved by the University Council. Furthermore, internal and external auditing mechanisms—such as the Office of the Auditor General or other approved entities—were implemented to ensure financial transparency and accountability.

 

Historical Overview of the Office of Finance (prior to 2013)

On March 8, 2013, KMUTT underwent an organizational restructuring aligned with new administrative policies for the Office of the President. The Procurement Unit was separated to form the Procurement and Contract Management Unit. Meanwhile, the Finance and Accounting Units were reorganized into four mission-aligned groups:

  1. General Financial Administrative Unit

  2. Busar and Students Accounts Unit

  3. Sponsored Program and Research Financial Operation Unit

  4. Financial Reporting and Systems Administration Unit

At that time, the division was renamed from “Treasury Department” to “Treasury Office”

 

Services and Responsibilities

Currently, the Office of Finance is structured into the following units, each with its respective responsibilities:

 

General Financial Administrative Unit

  • Oversees and manages general financial systems, donations, welfare, and other financial matters.

  • Manages income and expenditure for government budgets, capital budgets, personnel-related finance, salaries, benefits, provident funds, and other general financial affairs.

  • Oversees the university’s asset depreciation calculation system.

  • Performs accounting tasks aligned with its mission.

  • Provides administrative and documentation support.

 

Busar and Students Accounts Unit

  • Manages financial systems related to students.

  • Handles income and expenditure related to educational activities.

  • Administers scholarships and funding from internal and external sources for students.

  • Conducts accounting in line with its designated responsibilities.

 

Sponsored Program and Research Financial Operation Unit

  • Administers financial systems for research projects.

  • Manages financial aspects of academic services.

  • Oversees income and expenditure for both research projects and academic service programs.

  • Conducts accounting activities as per its mission.

 

Financial Reporting and Systems Administration Unit

  • Manages the university’s financial database system.

  • Analyzes the university’s financial status.

  • Develops financial reports, cost reports, and other financial documentation for the Office of Finance.

  • Revises financial regulations, announcements, and operational manuals.

  • Continuously improves the Office of Finance’s systems and processes.

  • Organizes financial and accounting training sessions and workshops.

 

Mission, Vision, and Core Values

Mission

  1. To manage the university’s financial and fiscal systems in alignment with its strategic goals.

  2. To serve as a financial information center for planning and decision-making.

  3. To enhance the capabilities and potential of the university’s finance and accounting personnel.

  4. To continuously improve work systems and processes to achieve high standards, modernity, and efficiency (Best Practice).

  5. To oversee the university’s financial affairs with transparency, good governance, and in compliance with applicable laws, regulations, and guidelines.

 

Vision

To be a highly efficient and modern center of financial and fiscal management that supports the university’s stability, progress, and sustainability.

 

Core Values – T-PULL

  • T – Trust: Integrity

  • P – Professionalism: Professional conduct

  • U – Unity: Cohesion and collaboration

  • L – Learning: Lifelong learning

  • L – Labor: Diligence and perseverance

 

Core Competencies

An organization committed to continuous development of knowledge and capability, ready to meet new challenges by innovating and diversifying its quality service offerings to meet the needs of its stakeholders.