Financial administration:
Financial administration is concerned with the organization and performance of the government machinery which is responsible for executing different financial activities of the state. Preparing the budget for specific financial year is the master financial plan of the government. The different works, beginning with the objectives of designing a budget, the techniques of preparing it, presentation of the budget, passing or sanctioning, execution, auditing, and implementation and so on comprised the subject matter of financial administration.
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Accounting policies are the conventions, principles and rules employed to ready the financial statements.
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