Government Accounting System and the Role of Cost and Management Accountants

Abstract

The cost and management accountant plays a pivotal role in government accounting because the Government has constituted the ICAS to advise the Government in cost pricing and for framing the appropriate fiscal and tax policies. Writing laws is easy, but governing is difficult"- Leo Tolstoy. Government means Central (Union) Government, or a State Government, or a Union Territory Government, or all of the three as the context may imply (as stated under Government Accounting Rules 1990).