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the Ministry of Finance and is headed by Financial Comptroller General. Office of
Accountant General was established in 2008 BS to keep the record of government
revenue and expenditures. Further it was changed into the Office of Finance
Comptroller General in 2032 B.S. It is involved in giving suggestions, recommendations
and remedial measures regarding the problem of financial administration to the
government. It prepares the central accounts on the basis of financial information
collected from various ministries and constitutional bodies. It performs the function
of internal audit and gives the direction for it. In other words, it prepares financial
statements of all central government offices including constitutional bodies.

Office of Treasury and Comptroller
The office of Treasury and Comptroller is established in all 75 districts from the fiscal
year 2038/39 B.S. for transferring the amount of approved budget from central level
to operating level offices of the government. This is an operating level office under the
Finance Ministry. It is also responsible for internal auditing of annual appropriation
of budget. At the end of fiscal year, it prepares statements of district level office on
the basis of budget and sends to the central office. Office of Treasury and Comptroller
plays very important role to manage the funds in district offices.

EXERCISE

Give very short answer to the following questions:
1. Define government accounting.
2. Name the accounting system used in Nepal before New Accounting System.
3. Who established Sayaha Sresta Pranali in Nepal?
4. When was Budgetary System started in Nepal?
5. When was New Accounting System started in Nepal?
6. In which part of Constitution of Nepal there is provision of Auditor General?

Give short answer to the following questions.

1. State the differences between government and commercial accounting.
2. Explain the accounting system used in Nepal before New Accounting System.
3. Explain the features of New Accounting System.
4. Write short note on :
i. Office of Auditor General
ii. Office of Finance Comptroller General
iii. Office of Treasury and Comptroller

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