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Implementation And Public Financial Management

Implementation And Public Financial Management

Submitted by • January 28, 2020

Public sector accounting is the process of gathering, recording, classifying, analyzing, and making financial reports in a company / institution / organization, both private and public, which are used to provide financial information to those who need it when making a decision. So what are the characteristics of public sector accounting? The following explanation. Characteristics of Public Sector Accounting. Public sector accounting is certainly very different from private sector accounting. The most visible difference is in the agencies / institutions that implement the accounting system. Public sector accounting is indeed related to government agencies / institutions. Following are some of the components that greatly affect public sector organizations. (Dont forget read: Types of Accounting Types)

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