Business Finance
Discussion

Question Description

Describe what you feel are the most important differences between private-sector entities and public-sector entities with respect to accounting objectives, authoritative sources, and bases.

Address both of the following requirements:

  • Defend your choice of accounting practices; why are the differences you identify important?
  • Explain why the differences matter in their respective (private- and public-sector) contexts. Explain why each difference in accounting practice is proper and necessary in its context, or critique any current practice that is not proper for its context.

Final Answer

Attached.

Running head: DIFFERENCES BETWEEN PUBLIC AND PRIVATE SECTOR ENTITIES

Differences between public and private sector entities
Institution Affiliated
Date

1

DIFFERENCES BETWEEN PUBLIC AND PRIVATE SECTOR ENTITIES

2

Public sector entities refer to entities in which the government has a stake while private
sector entities are those owned by private citizens but are only regulated by government
agencies. Financial management varies from the public sector ...

Kishnewt2017 (29137)
Boston College

Anonymous
Return customer, been using sp for a good two years now.

Anonymous
Thanks as always for the good work!

Anonymous
Excellent job

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