The Finance & Accounts departments in the Railways plays an Integral Role in rendering timely financial advices, proper maintenance of accounts of the Railway in terms of earnings and expenditure and provide management information for decision making.
The Functions of the Accounts Department may be categorized broadly as follows: -
1.Budgeting of earnings and expenditure.
2.Keeping the Accounts and compilation thereof at the end of each financial period as per well established procedures and formats.
3.Internal check of all transactions, both receipts and expenditure.
4.Scrutiny of investment proposals.