Management of the Accounts Department is subsumed under IAC Finances. This department monitors all the income and expenditure of the IAC, the preparation of the Annual Accounts presented to the IGAE, the handling of invoices, the processing of all kinds of taxes, the updating and maintenance of master (financial) data in the SAP, the preparation of financial and budgetary control reports for presentation to the various internal units of the IAC, and answering outside demands.