Mangalmay Journal of Management & Technology
Year : 2006, Volume : 1, Issue : 1
First page : ( 60) Last page : ( 65)
Print ISSN : 0973-7251.

Accounting Education & Research with reference to government accounting and audit in India

Pithadia Vijay

Abstract

Business and merchant accounting methods are different than government accounting system because government accounting system is ruling over the nation and keeps various departments i.e. production, service utility or entertainment industry etc. The operations of department of government, some times include under talking of a commercial or quasi-commercial character and industrial factory or a store. Even though they may be maintained almost entirely for the benefit of the department it is still necessary that the financial results of the undertaking should be expressed in the normal commercial form so that the cost of the services or undertaking may be accurately known. In the government account there are few problems affected adversely. In the case of central and state government transaction communication procedure, bank accounts and uniformity are improper. In the paper I suggested central and state government should adopt fully computerized accounting system in routine procedure of all transactions and adopted accounting system should be familiar with international accounting standards. Improvement programs i.e. symposium, seminar are helpful for sustaining the existing accounting system. Graduate level accounting syllabus should be modified as per government accounting procedure and methods.

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Keywords

Controller General of Accounts, Consolidated Fund, Contingency Fund, and Public Accounts.

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