The Financial Administration Department of the University of Peradeniya operates financial management functions such as Cash Management, Financial Planning & Budgeting, Treasury Management, Financial Management Reporting, Statutory Relations, Self-Financing Activities, Financing of postgraduate activities, Managing of International and Local Research Grants & Scholarships, Portfolio Investments, Corporate Project Financing, Managing and Financing Student Scholarships under the fully fledged government recurrent and capital grants and generated income across the University undertaking the eleven (12) main offices and nine (09) branch offices at the nine faculties of the financial administration.
Its premium responsibility is to ensure all finance sections are based on sound criteria, which contribute to cost efficient practices across the University. The maintenance of accurate financial records is one of the primary responsibilities of the Financial Administration Department since the Council of the University takes the vital decision on same. The University of Peradeniya is bound by law to submit Financial Statements to the Auditor General to determine the accuracy & completeness of the transactions and to ensure that all financial policies conform to the Generally Accepted Accounting Principles and Sri Lanka Public Sector Accounting Standards published. It also ensures that financial procedures comply with the Financial Regulations of the Government and the directives of the University Grants Commission and the provisions of the Finance Act No. 38 of 1971, the University Act No. 16 of 1978 and the National Audit Act No.19 of 2018.