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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.

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โˆ™ 2009-06-27 13:55:19
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Q: What is the difference between public sector accounting as opposed private sector accounting?
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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 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 is the difference between personal and private question?

there is no difference


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What are the different between public and private administration?

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What is the difference between an accounting review and an audit?

Publicly traded companies are required to have audits. Reviews are similar to audits, but are less comprehensive in scope. Private companies often opt for reviews instead of audits because they are less costly. Private companies may also request an accounting review in order to meet the requirements of a lender or private investor.


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Public is open, private is closed.


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