The Roads and Transport Authority, RTA, has launched the initial stage of the automated cost accounting system, the core stage out of three-stage set to be accomplished by end of this year.
The RTA says that it is introducing the system, the world's best in operational cost accounting, as part of its endeavours to realise sixth strategic goal, the Financial Sustainability.
"Launching this basic stage of the automated cost accounting system is the first of its kind across the Dubai Government level," said Ahmed Al Kaabi, Executive Director of Finance at RTA’s Corporate Administrative Support Services Sector. "It is an advanced scientific technique for registering and analysing the financial operations of RTA. It enables the systematic display of information through periodic reports depicting the circumstances and results of the operational processes. It computes the costs of activities, which enables RTA to carry out quality operations at minimal costs. The system is part of the modern management approach adopted by RTA to realise the targeted revenues," he explained.
"The RTA’s sixth strategic goal enables the automated linking of 14 operational systems to generate a unified automated system for accurate compiling, analysing and tracking of data that saves the time and effort needed to accomplish the job," he added.