0
How is accounting is said to be political in nature by analysing public interest theory with private interest theory?
Wiki User
∙ 16y ago
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.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
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 private organization establishes broad accounting principles as well as specific accounting rules?
FASB financial accounting standards board
The private sector organization involved in developing accounting principles is the?
FASB - Financial Accounting Standards Board
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.
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.)
Accounting is political in nature analyze this statement by comparing public interest theory and private interest theory?
private n public..
Compare public interest theory with private interest theory?
Public interest theory of accounting is concerned with achieving publicly desired results which, if left to the market, would not be obtained. The main galvanizer of Public Interest theory is to respond to the demands from the general public in regards to correcting market inefficiencies (i.e. accounting inconsistencies between firms). However, it is difficult to meet demands from all people because competition between demanders is not formally acknowledged by the regulator. what is private interest theory then?
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.
Interest groups are what kind of organizations?
private.
What private organization establishes broad accounting principles as well as specific accounting rules?
FASB financial accounting standards board
What is the top financial position in private accounting?
Partner?
The private sector organization involved in developing accounting principles is the?
FASB - Financial Accounting Standards Board
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.
Procedure for closing a private limited company?
accounting procedure
Which is the best private university in Malaysia in accounting?
Taylor's University
What is a private organization of citizens who select and promote political candidates?
Political parties are private organizations of citizens that select and promote political candidates.
A private meeting of political party leaders was called a?
A private meeting of political party leaders was called a Tradition
