Course Name: All India Seminar on “Government Accounting including GASAB and Accrual

Accounting” from 26/09/2022 to 29/09/2022.

Course Inauguration: 26/09/2022 at 10.15 AM.
Brief of the course
Government is the largest spender in our nation and is the biggest originator of monetary
transactions. The Government collects large sums of money from its citizens and from
corporates in the form of ‘Tax Revenue’; ‘Non-Tax Revenue’ and ‘Fee for Services’ rendered. It
spends even larger sums of money on payments for its administrative expenses (salaries of staff
and other expenditure) and on other social and economic services.
There is a need for systematically recording these transactions on day-to-day basis to
ensure that all the monetary transactions are recorded in full detail and in correct form and that
no transaction is left out. The daily transactions also need to be systematically recorded to
produce monthly accounts and annual accounts to serve as an aid to managers of public finance
and to departmental heads in controlling expenditure or for ensuring collection of revenues, as
planned.
India has a parliamentary system of governance where the legislature (Parliament in case
of Union Government and State Legislature in case of State Government) enjoys full and
complete control over public finances. The Executive can neither collect any tax from its
citizens except with the approval of concerned legislature nor can it spend any money out of the
Consolidated Fund without the legislative approval. After approval is granted to levy any tax or
to incur any expenditure out of public funds, the legislature would like to be assured that its
decisions and its directions are followed. Preparation of accounts with a view to systematic
recording, collating and consolidating the transactions serves the purpose of providing the
legislature with credible data for it to ensure that its directions have been complied with without
any infringement.
Simply said, the real function of all accounting work in Government is to render a service
to the legislature and to the management. It is intended to give complete information on the
working of the Government, its organizations, departments, programmes implemented by it, etc.
in order that the data can be analysed and interpreted for using it in managing the operations
economically, efficiently and effectively.
The important topics covered in this seminar are:
 Introduction to Government Accounts
 Purpose & importance of accounting in Government.
 Duties & Powers of Comptroller and Auditor General of India
 Duties of the Accountant General (Accounts and Entitlement) in respect of accounts of a
State government Classification and Form of Government Accounts.
 Compilation of Accounts.
 Concept of Suspense balances.
 OB suspense.
 Departmental Adjusting Account (DAA) Suspense.
 PAO Suspense & RB Suspense.
 Importance of VLC Project and its various Functions.
 Brief introduction to its various modules.
 Capturing of data in VLC.
 Various reports that can be generated through VLC.
 Concept of RBD cash balances of State Government.
 Finance Accounts
 Appropriation Accounts
 GASAB & its role.
 Standard-setting Procedure in GASAB