Impact of Income Level on Government Accounting

Dr. K.Kanaka Raju and Dr. A.RamaMohan
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Dr. K.Kanaka Raju: Assistant Professor & Course Coordinator, Department of Management studies, Andhra University Campus, Tadepalligudam, India.
Dr. A.RamaMohan: Professor, Department of Management Studies, Sasi Institute of Engineering and Technology, Tadepalligudem, West Godavari, India.

Indian Journal of Commerce and Management Studies, 2014, vol. 5, issue 3, 44-49

Abstract: It needs to disseminate information of high quality of government accounting in terms of understandability, relevance, materiality, reliability, and faithful representation, substance over form, neutrality, prudence and comparability. The study is confined to the how far the level of income of an individual impact on government accounting. The data collected from the 120 respondents who possess the qualifications of PG/CA/ICWA. The study used the techniques of mean, standard deviation, percentages along with the chi-square analysis. The study found that the level of income associated with the all the factors of government accounting at 1 per cent level, (P = 0.000). The study also found that the activities of government accounting should determine as per the needs of the country, and it disseminate information of high quality in terms of understandability, relevance, materiality, reliability, and faithful representation, substance over form, neutrality, prudence and comparability (mean, 1.91) further it should be useful for the uplift of the welfare of its citizens (mean, 1.73). The public sector comparator useful as a tool for financial feasibility analysis of government projects (mean, 1.54) and wanted to introduce a accrual accounting in government departments (mean, 2.54). The intergovernmental front levels increase with the fiscal surplus of the grantee rather than with fiscal deficit (mean, 2.63). Hence, it is suggested to strengthen the existing accounting policies and procedure for sustainability of Government accounting.

Keywords: Public sector comparator; Accrual Accounting; Welfare of Citizens; Disseminate of Information etc. (search for similar items in EconPapers)
Date: 2014
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