A Brief Canvas on Accounting Reforms in Indian Railways: Why & How

Authors

  • Pooja Assistant Professor Department of Commerce Arya Mahila P. G. College Varanasi

DOI:

https://doi.org/10.33516/maj.v54i4.22-27p

Abstract

An efficient transport system and its maintenance for growth are prerequisite for any economy. In the Indian economy, the railway is the most important mode of transportation as it connects smallbig cities and villages across India. In the present scenario, the Indian railway is the backbone because of the reliable and feasible source on land. According to Vision 2020, it has been projected to develop a world-class railway infrastructure like USA, Japan and China. Indian Railway already has a robust system of accounting; and thus for a fair degree of certainty and cost implications, Indian Railway shall benefit from shifting to an accrual-based accounting. For this purpose, accounting reforms in Indian Railways are needed which consist of accrual based accounting+ performance costing and outcome budgeting system. With this background, the aim of the particular study is to review and examine the needs, implications and outcomes of recent accounting reforms in Indian Railway.

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Published

2019-04-19

How to Cite

Pooja, . (2019). A Brief Canvas on Accounting Reforms in Indian Railways: Why & How. The Management Accountant Journal, 54(4), 22–27. https://doi.org/10.33516/maj.v54i4.22-27p

Issue

Volume 54, Issue 4, April 2019

Section

Cover Story
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Europe PMC

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