Research Study on Accounting Reforms in Urban Local Bodies in India

TARGET GROUP: URBAN LOCAL BODIES

OBJECTIVES

·        To enable infrastructure availability to the citizens for local planning, development and administration in the rural areas are referred as Rural Local Bodies (Panchayats - RLBs) and those constituted for the urban areas are referred as Urban Local Bodies (Municipalities - ULBs).

SUMMARY

This “Research Study on Accounting Reforms in Urban Local Bodies in India” being brought out by Committee on Public Finance & Government Accounting (CPF&GA) of ICAI attempts to cover various facets of accounting and financial reporting by ULBs and discusses the transitional issues, need for accounting reforms in ULBs, process of implementing accrual accounting, formats of financial statements of ULBs, way forward for municipal accounting reforms in India and so on.

REFERENCE

https://icai-cds.org/ICAIShop/resources/productImages/FINAL%20Accounting%20Reforms%20in%20ULBs%20in%20India-19-2-19%20(1).pdf