Finance Focus 360

  Controller General of Accounts: Role and Functionality The Controller General of Accounts is an integral part of most countries as it takes care of the reporting of the financial position of the government and their finances in a transparent manner and ensures integrity in public funds in this light the CGA serves as the head accountant of the government while providing crucial information and controls that aid policymakers and public officials to make timely financial decisions. Role and Function of Controller General of Accounts The primary role of the Controller General of Accounts is to provide up-to-date, reliable, and accurate information regarding the government's transactions. Such information will guide direction on transparency, accountability, and good governance among and within government departments and agencies. The CGA develops financial policies and ensures proper management of government finances. The office that is responsible for the CGA's is to...

  Introduction to Managerial Accounting Managerial accounting is that part of the accounting discipline that offers financial information which is considered to be necessary to aid in the decision-making process of an organization, with the support of a manager or decision-maker managerial accounting can be termed as internal, whereas financial accounting prepares data for the benefit of external stakeholders like shareholders and regulators managerial accounting equips managers with the same data they need in order to make an informed or prudent decisions, set targets, and track their performance successfully. What Is Managerial Accounting? Managerial accounting, also known as management accounting, is the process of identification, measurement, analysis, and communication of financial information to managers for planning, decision-making, and control functions that steer the business toward strategic objectives unlike its cousin, financial accounting, managerial accounting ...