Impact of Income Level on Government Accounting

Authors

  • Dr. K. Kanaka Raju Assistant Professor & Course Coordinator, Department of Management studies, Andhra University Campus, Tadepalligudam, India.
  • Dr. A. Rama Mohan Professor, Department of Management Studies, Sasi Institute of Engineering and Technology, Tadepalligudem, West Godavari, India.

Keywords:

Public sector comparator, Accrual Accounting, Welfare of Citizens, Disseminate of Information

Abstract

It needs to disseminate information of high quality of government accounting in terms of understandability, relevance, materiality, reliability, and faithful representation, substance over form, neutrality, prudence and comparability. The study is confined to the how far the level of income of an individual impact on government accounting. The data collected from the 120 respondents who possess the qualifications of PG/CA/ICWA. The study used the techniques of mean, standard deviation, percentages along with the chi-square analysis. The study found that the level of income associated with the all the factors of government accounting at 1 per cent level, (P = 0.000). The study also found that the activities of government accounting should determine as per the needs of the country, and it disseminate information of high quality in terms of understandability, relevance, materiality, reliability, and faithful representation, substance over form, neutrality, prudence and comparability (mean, 1.91) further it should be useful for the uplift of the welfare of its citizens (mean, 1.73). The public sector comparator useful as a tool for financial feasibility analysis of government projects (mean, 1.54) and wanted to introduce a accrual accounting in government departments (mean, 2.54). The intergovernmental front levels increase with the fiscal surplus of the grantee rather than with fiscal deficit (mean, 2.63). Hence, it  is suggested  to strengthen  the  existing accounting  policies and  procedure  for  sustainability of  Government  accounting.

References

Chan, J. L. (1985). The birth of the Governmental Accounting Standards Board: How? Why? What Next? In Research in Governmental and Nonprofit Accounting, Vol. 1, 3-32. Greenwich, CT: JAI Press.

Lüder, K.G.( 1989). Comparative government accounting study—Interim Summary Report, rev.ed. Speyer Forschungsberichte 76. Speyer, Germany; Post Graduate School of administrative Sciences.

Frederick A. Cleveland, (1909) Chapters on Municipal Administration and Accounting New York: Longmans, Green and Co.,

Buschor, E., and K. Schedler (eds.). (1994). Perspectives on Performance Measurement and PublicSector Accounting, Berne: Haupt.

Montesinos, V., and J.M. Vela. (eds.). 1995. International Research in Public Sector Accounting, Reporting and Auditing. Valencia, Spain: Instituto Valenciano de Investigaciones

Johnsen, Aage,(1999) Implementation mode and local government performance measurement: a Norwegian experience, FAM, 15,1, , pp. 41-66.

Pallot, June (1999) ,Beyond NPM: developing strategic capacity, FAM, 15, 3-4, , pp. 419-426.

Seal, Willie,(1999) Accounting and competitive tendering in UK local government: an institutional interpretation of the new public management, FAM, 15, 3-4, , pp.309-327.

Bowerman, (2001) Mary, Amanda Ball and Graham Francis, Benchmarking as a tool for themodernization of local government, FAM, 17, 4, pp. 321-329.

Collier, Paul M., (2001) the power of accounting: a field study of local financial management in a police force, MAR, 12, 4, pp. 465-486.

Midwinter, Arthur, New (2001) Labour and the modernization of British Local Government: a Critique, FAM, 17, 4, , pp. 311-320

Downloads

Published

13-01-2022

How to Cite

Dr. K. Kanaka Raju, & Dr. A. Rama Mohan. (2022). Impact of Income Level on Government Accounting. Indian Journal of Commerce and Management Studies, 5(3), 44–49. Retrieved from https://ijcms.in/index.php/ijcms/article/view/367

Issue

Section

Articles