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Universal Journal of Marketing and Business Research (ISSN: 2315-5000) Vol. 2(3) pp. 076-088, June, 2013
Available online http://www.universalresearchjournals.org/ujmbr
Copyright © 2013 Transnational Research Journals

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Accounting and reporting practices of NGOs- A case study Sanjib Kumar Pakira 1 and Amalendu Bhunia 2
1

Assistant Professor, Department of Commerce , Maharaja Manindra Chandra College
2
Associate Professor, Department of Commerce , Kalyani University
Accepted 26 June , 2013

The present study explores the accounting and reporting practices of NGOs in West Bengal, one of the important states of India in the eye of socio-economically deprived background for the period from 2000-01 and ending on 2009-10. NGOs in West Bengal played a major role in bringing a change in the lives of average poor rural society. Though, the vicinity wherever NGOs are not satisfactorily plasticized in terms of adoption of standard accounting practices, transparency and communication of their financial and social performance in the course of appropriate standardized reporting practices. Their failure on this front has bred a feeling of suspicion amongst the general public regarding utilization of funds and grants by NGOs. The results illustrate that meager number of the selected NGOs in West Bengal follow written in terms of automated, manual etc. accounting and reporting practices stringently.
Keywords: NGOs, India, West Bengal, Accounting, Reporting, GAAP, Funds and Grants
BACKGROUND AND ISSUES
A Non-Government Organization is an organization that is not part of a government and was not founded by states. Non-Government Organizations are therefore typically independent of government. Although the definition can technically include for profit-corporations, the term is generally restricted to social, cultural, legal...

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