Monday, March 18, 2013

Now India Post from Cash Based Accounting System to Accrual Based Accounting System

A robust Accounting System that reflects a correct, transparent and fair financial position of an entity is vital for the success of any organization. This coupled with the fact that the Department of Posts is in the process of migrating from the Cash Based Accounting System to Accrual Based Accounting System, a 4 day training programme for the staff and officers of the Office of the Director of Accounts, Lucknow Circle, was initiated in Lucknow from 12th March to 15th March 2013.
The Training is being organized by the Department of Posts, and conducted by the Committee on Public Finance. The training programme was presided by Ms Aprajita Atique, Director of Accounts (Postal), Lucknow. Shri Rajeev Sharma, Chairman Lucknow Branch of the ICAI delivered the theme address and Shri CA. Shashank Mishra, Secretary Lucknow Branch of ICAI also addressed the participants of the Training Programme. The training faculties are all from the Institute of Chartered Accountants of India. Similar training is contemplated in all accounting circles of the Department of Posts across the country as a prelude to the accounting system migrating process.
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