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.
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.
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.
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.
comparision of p.b and p.b
Well, "Staff Accountant" is the name of a position whithin an accounting firm. After being a staff accountant you can become a Senior Staff Accountant, and then a Manager and ultimatelly a partner of the accounting firm. Whereas, an accountant is any person that works either in public or private accountancy.
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.
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.
Public is open, private is closed.
Public is the opposite of private.
private anf public
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 speaking is to a general audience. Private speaking is to certain individuals.
Well ask yourself what the difference between "public" and "private" is. This isn't rocket science!
No, both refer to joint efforts by private companies and governmental bodies.
Public sectors are funded by the government
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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.