Chapter

Introducing Accrual Accounting in the Indian Government

S.K. Das

in Rethinking Public Accounting

Published in print July 2008 | ISBN: 9780195698336
Published online October 2012 | e-ISBN: 9780199080564 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195698336.003.0009
Introducing Accrual Accounting in the Indian Government

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This chapter addresses the following question: what are the preconditions that are to be met for introducing accounting reforms in India? It examines accounting reforms in Ahmedabad Municipal Corporation, Bangalore Municipal Corporation, municipal bodies in Tamil Nadu, and Hyderabad Municipal Corporation. There are primarily three issues that emerge from the experiences of municipal bodies with accounting reforms. First, each experiment in municipal accounting reform was a stand-alone exercise. Second, the present process of municipal bodies changing over to accrual accounting has involved a great deal of delay. Third, there is a concern as to whether the results of accounting reforms have really been commensurated with the expectations they had aroused.

Keywords: India; accounting reforms; public accounting; government accounting; municipal accounting; Indian municipal corporations and bodies

Chapter.  8055 words. 

Subjects: Indian Politics

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