Objectives of Government Accounting
Objectives of Government Accounting The objectives of government accounting are the financial administration of the activities of the government to promote maximisation of welfare in the form of various services. The specific objectives can be stated as under: 1. To record financial transactions of revenues and expenditure relating to the government organizations. 2. To provide reliable financial data and information about the operation of public fund. 3. To record the expenditures as per the appropriate Act, Rules, and legal provisions as set by the government. 4. To avoid the excess expenditures beyond the limit of the budget approved by the government. 5. To help in the preparation of various financial statements and reports. 6. To facilitate the auditing by the concerned government department. 7. To prevent misappropriation of government properties by maintaining the systematic records of cash and store items. 8. To facilitate for estimating the annual budget by provi...