Is a private sector
Weakness of bureaucratic discretion to a public sector management is a great value to a consumer because it allows discretion of a public sector management to be expressed fully.
Over 22 million public sector union workers are not paying for obamacare. (paid by taxes). The public sector unions' retirement and healthcare is paid for by taxpayers. ANOTHER THING: Although public sector wages are, on average, 44% more in wages and benefits, THEY will bargain to maintain that disparity at 44%. Guess who will cover THAT?
Most companies are in the "private sector" which means that they are not in the "public sector" (owned or operated by a government).
what is the importance of public 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.
Explain why it's important to study public sector accounting.
The purpose of a public sector is to give service to the customers
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.
to make money
money set aside for expenses