Feedback / Suggestions

Accounts Section Profile

Purpose

    • Compilation of accounts of the company is carried in Accounts Management which involves procurement of various stipulated periodical (monthly/annual) returns.
    • Accounts Management is a basic data serving center, since the section is entrusted with consolidation and compiling data relating to returns filed to AM periodically :
    1. Income & Expenditure
    2. Asset & Liabilities
    • To Maintain constancy of accuracy and correctness in financial statement i.e Balance sheet , P&L statement etc of BESCOM which is reflecting the financial standing of the company.

Profile

A) Compilation of Accounts of the company

  • Accomplish significant activity of preparation and publishing of Annual Financial Statements (Balance Sheet & Profit and Loss Account statement, Cash flow etc. of the company within statutory time limit effectively ensuring correctness and accuracy.
  • With an objective of fulfilling  the periodical financial statement is set within the framework of statue and 
  • Statements provide a true and fair view of the information about the financial position, performance and cash flows of our company for wide range of users for making effective and productive “Management Decision ”&”Financial Decision” 
  • To equip the Accounts Management with compatibility for changing global scenario as and when requires adoption.

B) Providing vital statistics to Senior Management

  • Furnishing the important and vital monthly/annual MIS data requirements of the company on Accounts.
  • Revenue Income from Operating business
  • Revenue Expenditure statements &  CAPEX statements.
  • Inventory status & TB compilation etc,
  • Inter Unit Transactions.
  • Data to Other Statutory agencies.
  • Miscellaneous data furnishing to various offices of Internal and external branches.
  • Uday Related issues/ Rating issues.

C)  Filing Electricity Tax Returns and IT returns of the company.

  • Consolidation of statements required for arriving at calculation of payment of Electricity Tax and Income Tax of the Company.
  • Payment of Advance Tax.
  • Filing Returns to the IT Department.
  • Other taxation matters.

D) Audit Replies.

  • Obtaining the replies from concerned section based on the audit observation and remarks.
  • Scrutiny of replies relevant to reality of the fact and forward to RAO/C&AG/ED.
  • Pursue with RAO/C&AG for getting paras dropped or comply with further requirement to enable RAO/C&AG/Legislature to close the paras.

Last Updated: 19-10-2020 03:25 PM Updated By: RATHISH KUMAR


Disclaimer :

Please note that this page also provides links to the websites / web pages of Govt. Ministries/Departments/Organisations.The content of these websites are owned by the respective organisations and they may be contacted for any further information or suggestion

Website Policies

  • Copyright Policy
  • Hyperlinking Policy
  • Security Policy
  • Terms & Conditions
  • Privacy Policy
  • Help
  • Screen Reader Access
  • Guidelines

Visitors

  • Last Updated​ :
  • Visitors Counter :
  • Version :
CONTENT OWNED AND MAINTAINED BY : Bangalore Electricity Supply Company Limited
Designed, Developed and Hosted by: Center for e-Governance - Web Portal, Government of Karnataka © 2024, All Rights Reserved.

Best viewed in Chrome v-87.0.4280.141, Microsoft Edge v-87.0.664.75, Firefox -v-83.0 Browsers. Resolution : 1280x800 to 1920x1080