the contemporary perspective on public sector human resource management
sole trader, partnership,private sector, and public sector
Define management and contrast the nature of management in (i) service and production industries; (ii) private and public sector organization.
Public management means the use of private-sector management tools by the government. Various private and public domain tools are used to maximize on effectiveness and efficiency.
The main distinction between the private sector and the public sector is principally there ownership. Private sectors are owned by shareholders or entrepreneurs while public sectors are jointly owned by members of political communities. Public agencies are funded by taxation whereas private agencies are funded by the pay of their consumers. Public sectors are controlled by political forces and private sectors are controlled by market forces.
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.
ANSWERS
no
Yes
standards issued by American Institute of Certified Public Accountants?
kamran ali
money set aside for expenses
Accounting is undoubtedly important in a public sector:Helps in rendering superiority for procuring resourcesSupplies products and services through adherence of the budgetManages public money with accuracy