Notes on lesson on Government Accounting |

Government Accounting

Government Accounting


Government Accounting

The system of accounting maintained by the government offices to keep the systematic record of revenue and expenditures of all government offices is known as government accounting. This note has information about government accounting and its historical development.

New Accounting System and Its Features

New accounting system is the present accounting system of government of Nepal which keeps systematic record of all revenues and expenditures of the government offices performed through bank. This note has information about new accounting system and its features.

Objectives, Importance and Limitations of New Accounting System

Accounting is an effective tool for financial administration. It helps to achieve goal of financial administration. This note has information about the objectives, importance and limitations of new accounting system.

Levels of New Accounting System

The accounting system of government offices is classified into two levels under the new accounting system. Those are central level accounting and operating level accounting. This note has information about the levels of new accounting system.


Auditing is the systematic act of examining, verifying and reviewing the accounting records and statement by an independent person considering their accuracy, reliability and effectiveness to provide true and fair result of operation. This note has information about auditing and its importance.

Types of Audit

The audit, which is performed under some statute or law, is known as external or statutory report. Internal audit is a continuous and systematic examination and review of the records and the books of account of an entity. This note has information about types of audit.

Offices related to Government Accounting

The Office of the Auditor General is the office established as a constitutional body according to the provisions made by the constitution of the country. It does the function of conducting audit of constitutional bodies and other organizations having more than 50% investment of Nepal Government. This note has information about the offices related to new accounting system.

Classification of Expenditure under New Accounting System

Government of Nepal has allocated budget head number of the expenditure according to their nature to bring uniformity in maintaining financial records in all government offices. Numerical codes are allocated for every budget expenditure account. This note has information about the classification of expenditures under new accounting system.