devinition
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.
Public sector management refers to the administration and organization of government agencies and public institutions. It involves planning, implementing, and evaluating policies and programs to deliver services effectively and efficiently to citizens. This field emphasizes accountability, transparency, and responsiveness, ensuring that public resources are used effectively to meet societal needs. Ultimately, it aims to enhance public welfare and improve the overall functioning of 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.
ANSWERS
no
Public sector accounting in Ghana has evolved significantly since the country gained independence in 1957. Initially influenced by colonial accounting practices, Ghana's public financial management system underwent reforms in the 1990s aimed at improving transparency and accountability. The introduction of the Public Financial Management Reform Program (PFMRP) in the early 2000s further modernized accounting practices, leading to the adoption of International Public Sector Accounting Standards (IPSAS). Today, Ghana continues to refine its public sector accounting framework to enhance governance and fiscal responsibility.
Yes
standards issued by American Institute of Certified Public Accountants?
kamran ali
money set aside for expenses