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People’s Conception about Revenue-Expenditures and Governmental Accounting Procedure in Bangladesh: A Strategic Way Forward and Philosophical Analysis


Md. Abdul Kuddus1, 2*


1Department of Business Studies, North Bengal International University, Rajshahi, Bangladesh; 2MPhil Fellow, Institute of Bangladesh Studies, Rajshahi University, Rajshahi, Bangladesh.

*Correspondence: shyamoluits@gmail.com (Md. Abdul Kuddus, Assistant Professor, Department of Business Studies, North Bengal International University, Rajshahi, Bangladesh)

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ABSTRACT

At Present governmental policy making emphasizes what departments produce rather than on what they have available to spend. The study helps in developing a theoretical framework of accrual-based governmental accounting systems in Bangladesh. It also helps to conceptualize accounting information used by the politicians (users of information) and public financial managers/civil servants (producer of information). As the people of the country are the owners of public money, the government and the civil servants have some responsibility to ensure welfare to the citizenry at all levels by effective utilizing of the money. For developing the theory exploratory research has been conducted. To reach the result descriptive statistical techniques were applied to analyze on thirty respondents who are directly/indirectly practitioner/service receivers of governmental accounting information systems operating in Bangladesh. In conducting this research twenty structured ‘Yes”/’No” simple dichotomous questionnaires were used to measure people’s philosophy about taxation and accounting in Bangladesh to develop a strategic theory of the subject. This is done because all of the laws and regulations in the parliament of Bangladesh have been passed through a “yes”/”no” oral votes basis. The outcomes of the research will help the citizenry, the government, and other stakeholders for setting their services providing and revenues generation agenda, policy formulation, financial decision analysis, implementation, and performance evaluation of the government functions by department, ministries, local self-government, and many other components units. 


Keywords: Governmental accounting, Shared capital assets, Budget calendar, and Civil service accounting.


Citation: Kuddus MA. (2020). People’s conception about revenue-expenditures and governmental accounting procedure in Bangladesh: a strategic way forward and philosophical analysis, Int. J. Manag. Account. 2(3), 47-60. https://doi.org/10.34104/ijma.020.047060


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