Wednesday, March 20, 2013

Director of Accounts (Postal), Lucknow taken initiative for transformation into accrual accounting

(Address by Ms.Aprajita Atique, DAP, Lucknow)
To overhaul its account system, the government gearing to shift to a method where transaction will be recorded in the book of account even if cash changes hands later. Government has drawn roadmap for shifting to accrual accounting. To show its firmness on shifting over accrual accounting Ministry of Communication & IT, Department of Post, Committee of Public Finance and Institute  of Chartered Accountants of India have come together to train  officer and staff of Director of Accounts (Postal) .

In order to bring Accounting reforms in the Department of Post, a MOU was signed by Institute of Chartered Accountants of India and Department of Post, Ministry of Communication & IT in Jan 2013. Under the aegis of this MOU, a series of training programmes have been scheduled on Accrual Basis Accounting in the office of Postal Accounts.
There are a number of pre-requisites to be successful in implementation of accounting reforms in a government organization. Careful attention to these factors will help to ensure that any attempt to reform the accounting system meet with success. There exists a need for training of departmental managers to use an accrual accounting system and to achieve the benefits from its operation.

This training programme covers broad areas relating accrual based accounting. The topic which are being covered in this programme are of vital importance and cover major signification areas to explore complexities involved and get the benefit of switching over to accrual accounting from cash as a result of changing paradigm.

Eminent speakers having expertise in different fields deliberated and shared their wisdom on respective topics with the participants.

All batches has been presided by Ms Aprajita Atique, Director of Accounts (Postal), Lucknow, Mr. Shashank Mishra, Chairman Lucknow Branch of the Institute  of Charted Accountants of India delivered the theme address and Mr. CA  Sandeep Bhatnagar, Vice Chairman Lucknow Branch of the Institute  of Charted Accountants of India also addressed the participants of the Training Programme  on 19-03-2013.

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