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Each account in the chart of accounts is typically assigned a name. Accounts may also be assigned a unique account number by which the account can be identified. Account numbers may be structured to suit the needs of an organization, such as digit/s representing a division of the company, a department, the type of account, etc.
For every fiscal year since 1996, when consolidated financial statements began, the comptroller general has refused to endorse the accuracy of the consolidated figures for the federal budget, citing "(1) serious financial management problems at the Department of Defense, (2) the federal government’s inability to adequately account for and ...
An entry-level accounting position, usually reporting to any of the higher level accounting positions, or in smaller companies, to the controller. They may or may not have a bachelor's degree, and their main responsibilities will usually include reconciling accounts and preparing preliminary reports. [7] [8]
Seven summary accounts are published, as well as a much larger number of more specific accounts. The first summary account shows the gross domestic product (GDP) and its major components. The table summarizes national income on the left (debit, revenue) side and national product on the right (credit, expense) side of a two-column accounting report.
Director General, IAAD Saurabh Narain, IAAS [ 4 ] Indian Audit and Accounts Service ( IA&AS ) is a group 'A' central civil service [ 5 ] under the Comptroller and Auditor General of India , the supreme audit institution of India .
In every department an Accounts Section has been established whose in-charge is the Senior Finance and Accounting Services officer appointed in that department. This Accounts Section provides help to the Head of the Department on financial matters related to that department.
The Controller General of Defence Accounts (CGDA) heads the Defence Accounts Department.Smt Devika Raghuvanshi, IDAS is the present CGDA. [1] The office functions under the Ministry of Defence, Government of India and is the cadre controlling authority of the Indian Defence Accounts Service, an organised Group 'A' Civil Service of Government of India.
(1) The public accounts of the Republic and of all courts of law and all authorities and officers of the Government shall be audited and reported on by the Auditor-General and for that purpose he or any person authorized by him in that behalf shall have access to all records, books, vouchers, documents, cash, stamps, securities, stores or other ...