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.
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.
devinition
ANSWERS
Commitment accounting is also referred to as encumbrance accounting or invoice matching. This method allows you to audit changes in real time and set a cap for specific combination codes. The biggest disadvantage of this method is that is more subjective than most other methods.
no
Yes
kamran ali
money set aside for expenses