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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.

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Q: What is a difference between public and private accounting?
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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 is the difference between public sector accounting as opposed private sector 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.


How is accounting is said to be political in nature by analysing public interest theory with private interest theory?

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.


Difference between public bank and a private bank?

comparision of p.b and p.b


Difference between an accountant and a staff accountant?

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.

Related questions

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 is the difference between public sector accounting as opposed private sector 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.


The difference between private and public administration?

Public is open, private is closed.


What is the important difference between public and private administration?

Public is the opposite of private.


What is the difference between public and private sectors aims and objectives?

private anf public


What are the similarities between public sector accounting and private sector accounting?

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.


What is the difference between public and private speaking?

Public speaking is to a general audience. Private speaking is to certain individuals.


What are the Differences between public nuisance and private nuisance?

Well ask yourself what the difference between "public" and "private" is. This isn't rocket science!


What is a difference between public private partnership and private public partnership?

No, both refer to joint efforts by private companies and governmental bodies.


What is the difference between the private and public sectors of your economy?

Public sectors are funded by the government


What is the difference between international financial report as opposed to the public sector accounting?

your nan


How is accounting is said to be political in nature by analysing public interest theory with private interest theory?

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.