Financial administration essay

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Financial administration essay

Committee of Public Undertakings. In India, the Auditor initially submitted his reports for consideration to the Secretary of State for India and not to the Indian Legislature. It was only with the inauguration of Reforms Financial administration essay that it was considered desirable to arm the legislature with a semblance of expenditure control.

The Government of India, in a dispatch to the Secretary of State, suggested that it should be the constitutional duty of the legislature to appoint a Committee on Public Accounts, to receive reports from it and to deal with them, in so far as might be necessary, by resolutions.

Thus the function of the Committee was to be merely of scrutiny and recommendation. The Finance Minister was appointed ex-officio chairman of the committee. From its very inception, the committee became a major force in the legislative control of public expenditure.

It exercised great influence in bringing pressure to bear upon Government to enforce economy in the expenditure of public moneys. The Parliament derives its power to set up such a committee from Article i of the Constitution. Similar power has been conferred on State Legislatures by Article i.

Composition of Public Accounts Committee: The Public Accounts Committee is set up at the commencement of the first session of Parliament. Its strength was initially fixed at 15 members of the Lok Sabha but init was increased 22 to provide for the representation of the Council of States.

Though technically the Council of States Rajya Sabha is not directly concerned with the voting of supplies, yet as its members were equally interested in the efficient and economic administration of the country, it was considered desirable to associate seven members from that body also with the Public Accounts Committee.

The inclusion of the members of the Rajya Sabha marks a departure from the British practice where the PAC does not contain any member from the House of Lords. The members of the Committee are elected by the Parliament from amongst its members according to the principle of proportional representation by means of single transferable vote so that all parties may find due representation on it.

Although theoretically, the members are elected, there is hardly ever a contest in the course of an election. The selection of members is made with great care, usually from amongst those having a financial and business background.

The chairman of the committee is appointed by the Speaker from amongst the members of the committee but if the Deputy Speaker happens to be a member of the committee, he is ipso facto the chairman of the committee.

The chairman has a casting vote in case of a tie. Till the third Lok Sabha, the Chairman of the Committee belonged to the ruling party. In the fourth Lok Sabha, the chairmanship was given to the opposition parties.

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Although the Committee is elected annually, there is a convention that there should be a two-year term of membership to ensure continuity. Functions of the Public Accounts Committee: Now this function has been taken over by the Committee on Public Undertakings.

The above rules are self-explanatory. It is the duty of the committee, among other things, to draw the attention of the Parliament to cases of improper, wasteful or extravagant expenditure. Working of Public Accounts Committee: The Comptroller and Auditor-General submits his report to the President or the Governor as the case may be, who causes it to be laid before the legislature concerned which in turn refers it to the Committee on Public Accounts.

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As the accounts of each Ministry or Department come up for examination, the official representative of that Ministry appears before the Committee to answer any objection or explain any points raised by it. The Committee demands an explanation from each Ministry for the irregularities or the improper transactions pointed out by the audit in the report.

These reports contain a summary of proceedings of the meetings of the Committee and its recommendations for improvement.Financial Administration Finance is the life blood of very business. As personnel and materials which are necessary for the functioning of any office, industry, enterprise can be made available through money.

Sep 23,  · A Financial Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $46, based on 83 salaries. Academic Paper Homework Help Question.

Short Essay Public Financial Administration Please write a three (3) to five (5) page paper with a minimum of three (3) references, used as in text citations using APA 6th edition citation form and style, reviewing one of the peer-reviewed journal articles from the Modules in this course.

Essay Public Administration. organizations. Luther Gulick was a specialist in municipal finance and administration.

Financial administration essay

He expanded Fayol’s five management principles into seven functions. Essay Public Administration. organizations. Luther Gulick was a specialist in municipal finance and administration. He expanded Fayol’s five management principles into . The objective of the chapter is to delineate and differentiate between the three major taxes in the United States through analyzing their differences, applicability, and issues associated with each.

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