The Accounts Department of the
Railway Administrations is mainly responsible
for :
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- Keeping the accounts of the
Railway in accordance with the prescribed rules;
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- The check
with reference to Rules or orders
(known as “INTERNAL
CHECK”) of transactions affecting
the receipts and expenditure of Railway;
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- Prompt settlement of proper
claims against the Railway;
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- Tendering as part of its
important functions, advice to Administration
whenever required or necessary in all matters
involving Railway Finance;
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- Compilation of Budgets in
consultation with other departments and monitoring
the budgetary control procedures as may be
laid down in the relevant orders and code rules
from time to time;
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- Generally discharging other
management accounting functions such as providing
financial data for management reporting, assisting
inventory management, participation in purchase/contracting
decisions and surveys for major schemes in
accordance with relevant rules and orders;
and
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- Seeing that there are no
financial irregularities in the transactions
of the Railway.
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