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FUNCTIONS OF ACCOUNTS DEPARTMENT

 

The Accounts Department of the Railway Administrations is mainly responsible for :


  • Keeping the accounts of the Railway in accordance with the prescribed rules;
  • The check with reference to Rules or orders (known as “INTERNAL CHECK”) of transactions affecting the receipts and expenditure of Railway;
  • Prompt settlement of proper claims against the Railway;
  • Tendering as part of its important functions, advice to Administration whenever required or necessary in all matters involving Railway Finance;
  • 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;
  • 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
  • Seeing that there are no financial irregularities in the transactions of the Railway.
 
 
 
 
 
 
 
 

 

 

 
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