Authors Bio
Md. Abdul Kuddus is a Lecturer at the Department of Accounting, Mawlana Bhashani Science and Technology University, Tangail, Bangladesh. Mr. Kuddus has completed his PhD degree (2023) in Public Financial Management (PFM), especially in Government Accounting and Reporting Systems in Bangladesh, from the Institute of Bangladesh Studies (IBS), University of Rajshahi. He also obtained his BBA (2008) and MBA (2009) from the same university at the Department of Accounting and Information Systems. He has published one book and several articles in national and international journals, including Q1 Scopus-indexed journals. His research interests include public financial management, good governance, sustainability reporting, contemporary issues in government accounting and auditing.
Abstract
Government accounting and reporting must comply with constitutional mandates and relevant laws. In contrast, there is a common belief that accounting is what accountants do. Therefore, an accounting theory may be extracted from the practice of accountants. Combining all the arguments, the study’s primary research question is: To what extent and in what ways are the government’s accounting and reporting systems valid and in compliance with the Constitution and existing laws and regulations? This study has considered six dimensions: constitutional mandates, accounting and reporting basis, chart of accounts, administrative framework, annual finance and appropriation accounts, and revenue and capital expenditures, to test the validity of the argument for/against the ongoing accounting and reporting practices in the Budgetary Central Government of Bangladesh. After conducting an in-depth literature review, the researcher developed and tested six hypotheses. A total of 120 Google Forms and face-to-face questionnaires were collected purposively and analyzed. This study has identified a significant relationship between the independent variable (legal framework) and the dependent variables (accounting and reporting practices), utilizing related indicators. Specifically, the Government Accounting and Reporting practices in Bangladesh comply with the Constitution and legal frameworks, rather than relying solely on the judgments of government accountants.
Keywords
Chart of Accounts, Constitutional Mandates, General Financial Rules, Delegation of Financial Power, Treasury and Subsidiary Rules.
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