Improvement Of Accounting System In Government Own Company

IMPROVEMENT OF ACCOUNTING SYSTEM IN GOVERNMENT OWN COMPANY.

BACKGROUND OF THE ACCOUNTING SYSTEM IN GOVERNMENT OWNED COMPANIES.

          All accounting system serve three broad purpose accounting to C.T. Horngren they are:-

  1. Internal reporting to managers for use in planning and controlling routine operations.
  2. Internal reporting to managers for use in strategic planning, that is the making of special decisions and the formulating of overall policies and long-plans &
  3. external reporting to stock holders, government and other out side parties.
  4. A simon and his research team found out that three types of information, each serving a different purpose, often at various management levels, raise and help to answer three basis questions.
  5. score card questions: an I doing well or badly?
  6. attention solging questions: of the several ways of doing the job which is the best.

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