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Professional Events

Pilot Study on introduction of Accrual Accounting at North Western Railway .

Pilot Study on introduction of Accrual Accounting at North Western Railway has been completed. As an outcome of this study three publications have been prepared which are as under:
1. Accrual based Financial Statements of North Western Railway for the year ended 31st March 2015.
2. Significant Accounting Policies for accrual based Financial Statements of North Western Railway.
3. Accrual Accounting Implementation Manual.
The above publications were released during the National Conference on "Accounting Reforms in Indian Railways -A Strategic Mission for Sustainable Growth" held on 20th December 2016 at Vigyan Bhavan, New Delhi by Sh. Arun Jaitley, Hon'ble Union Minister of Finance and Corporate Affairs and Sh. Suresh Prabhakar Prabhu, Hon'ble Minister for Railways. The same are uploaded for the readers of IRASTIMES.
In addition to the above a booklet on developments in the field of Accounting called " Enhancing Transparency and Accounting in Indian Railways-Mission Beyond Book Keeping" was distributed to the participants of the National Conference. The same is also uploaded for the readers of IRASTIMES.

Click here to view Accrual Accounting Implementation Manual
Click here to view Accrual Based Financial Statements of North Western Railway (NWR)
Click here to view Enhancing Transparency and Accountability in Indian railways-Mission beyond Book Keeping
Click here to view Significant Accounting Policies for Accrual Based Financial Statements

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Shri B N Mohapatra
Financial Commissioner(Railways)