What are the key differences between public sector and private sector accounting

What are the key differences between public sector and private sector accounting

What are the key differences between public sector and private sector accounting? (Select all that apply)

    A) Objective: public service vs. profit

    B) Focus: stewardship vs. shareholder value

    C) Funding: taxation vs. capital markets

    D) Regulation: IPSAS vs. IFRS

    Answer: A, B, C, D

    Explanation: All these are key differences between public and private sector accounting.