Abstract:
In Government Organization, the Accounting Information is needed for the
Financial Control in Respect of the Funds Allocated to the Ministry as well as the
Authority coming under the Ministry & Planning for Future Budged for the
Authority. There are financial Regulations for Government Organization to
follow in Preparing Their books of Accounts and the Maintenance of those.
However there are short Coming in following these Financial Regulations among
the Government Organizations. Therefore, this study was aimed to investigate the
Maintenance of Books of Account & Accounting system of the Road
Development Authority of Batticaloa Range.
In order to investigate the Books of Accounts and Accounting system of
Road Development Authority of Batticaloa Range, Financial Regulations,
Circulars and Amendments were identified as the Influencing variables on system
of Bookkeeping and Maintenance of Source documents. Data were collected from
the related source Documents of the Road Development Authority of Batticaloa
Range for a sample period of five years beginning from 2006 to 2011. The
analysis was done qualitatively. The finding of this research was that mere are
financial regulations, circulars and amendments to follow in the system of
bookkeeping and maintenance of source documents by Road Development
Authority of Batticaloa Range. But the shortcomings on following these
regulations are more then the effectiveness in the Bookkeeping and Accounting
system in Road Development Authority. Therefore, the Hypothesis of the "The
Books of Accounts and Accounting System of Road Development Authority of
Batticaloa Range are not reflecting the requirements of financial regulation of the
Sri Lankan government" is accepted.
This research will be helpful to make changes in the way of having system
of bookkeeping &Maintenance of accounts in the Government Organization
specially Road Development Authority of Batticaloa Range to improve their
system of Accounts in the Future.
