What is the status of the design and build with the new public sector contracts?
Private sector procurement is usually controlled by the head of the company or a department they have established. Usually, the person needing a supply just asks for permission to buy it. Public sector procurement is governed by lawmakers and often bids have to be taken.
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.
public sector
A sector in which the public can budget
The public sector can learn efficiency and innovation from the private sector, while the private sector can learn about accountability and transparency from the public sector. Both sectors can benefit from sharing best practices in areas such as customer service and resource management.
Jim Skinner has written: 'Fair wages and public sector contracts' -- subject(s): Wages, Working class
the public sector necessity
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.
Private sector are things that are owned by people. Public sector are things that are owned by the government.
Government is public sector. Corporations and partnerships are Private sector. The government wants to support both the public and private sector to improve the economy and well-offness of the people it serves.
the public sector does not aim to make a profit and the private sector does an example of the private sector would be primark public sector would be the police,fire engines. The government own the public sector whilst the private sector is owned by its own individuals.
what is the importance of public sector accounting