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What are the similarities between public sector accounting and private sector accounting?
Wiki User
∙ 9y ago
Both sectors of accounting system must keep everything organized very well. You also want to make sure that more than one person sees every piece of accounting paperwork.
Wiki User
∙ 9y ago
Wiki User
∙ 7y agoPublic and private procurement both are same in the way of procuring products and services to generate more profit from these products and services. But in public procurement, there are some fixed rules and regulations rather than the private procurement.
Wiki User
∙ 13y agothe most important difference between public and private sectors is that private sector mostly makes profits and public sector wastes citizens' taxes without no control. however, there is no similarity between them.
Wiki User
∙ 11y agopublic = in open
private= private bits
volunatry= is if you want to have sex or not
Wiki User
∙ 12y agonothing they are both ugly like James tildesly owa get it into you mowgli, Yoda features and gangreen toes.. foy
Michael Godrich
Public procurement and private procurement both focuses on to minimize cost because when we have high cost always it can be obstacle for organizations running.
Chimene Gouife
Similarities between public sector accounting and private sector accounting
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What are similarities between public finance and private finance?
the private is here to absorve profit which the public secte is not.
What are the similarities between public finance and private finance?
Public finance is a branch of economics that deals with the expenses and revenues from government to government in the economy whereas private finance deals to income and expenditure by the private sector. For more information check out the source below.
What is the difference between public and private sectors aims and objectives?
private anf public
Private Finance Initiative?
is a method to provide financial support for 'public-private partnerships' (PPPs) between the public and private sectors.
What are the similarities between integral and managerial view on the nature of public administration?
they both serve the public
Similarities between public and private procurement?
what are the similarities between private and public procurement
Differences between public sector accounting and private sector accounting?
The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
What are similarities between public finance and private finance?
the private is here to absorve profit which the public secte is not.
What is the difference between public sector accounting as opposed private sector accounting?
1. The private sector accounting prepared accrual basis but public sector Accounting prepared cash basis. 2. The public sector account fixed assets treated expense but Private sector account fixed assets treated capital. 3. The public sector account analysis report Public but private sector account analysis report not public. 4. The public sector account fixed assets not calculated depreciation but private sector account fixed assets depreciation calculated.
How is accounting is said to be political in nature by analysing public interest theory with private interest theory?
Accounting is political in nature as final information from accounting reports has impact on the general public, whether it be a public or private company.
What is a difference between public and private accounting?
Public accounting includes any accounting work that a company performs for another company. Examples would be audits, tax compliance, consulting, etc. The "Big 4" (KPMG, Deloitte & Touche, PriceWaterhouseCoopers, and Ernst & Young) are the dominant firms that provide public accounting services. Private accounting is accounting work that is done for your own company. Every company has some form of an internal accounting department and those employees would be considered private accountants.
What are similarities public finance and private finance?
the private is here to absorve profit which the public secte is not.
What are the similarities between special library and private library?
Similarities between public library and special library with reference
Accounting is political in nature analyze this statement by comparing public interest theory and private interest theory?
private n public..
What are the similarities between public finance and private finance?
Public finance is a branch of economics that deals with the expenses and revenues from government to government in the economy whereas private finance deals to income and expenditure by the private sector. For more information check out the source below.
What are similarities and differences between common goods public goods private goods and natural monopolies?
Public goods are non-excludable, so they suffer from a free-rider problem.
How Private accounting versus public accounting?
The old accounting text book defines public accounting as: offering accounting and related services for a fee to companies, other organizations and the general public. The other services can include auditing, tax services and consulting. The certification offered for this type of accountancy is a Certified Public Accountant. The exam is prepared and administered by the American Institute of Certified Public Accountants (AICPA). Private (or industrial accounting) is the opposite. Instead of providing services to many clients, a private accountant provides services to a single business. In a business consisting of many accountants, the 'head accountant is typically called the controller. Private accountants may or may not be CPA's. The National Association of Accountants does offer a certificate for private accountants called a Certificate in Management Accounting (CMA). Private accountants are often much more specialized and have to adapt to the needs of their company (controlling costs, budgeting, accounting systems, etc.)
