PUBLIC SECTOR ACCOUNTING : LSUS

FINANCIAL ACCOUNTING SSS3 SECOND TERM              

WEEK 6

PUBLIC SECTOR ACCOUNTING

Contents

  • Meaning of Public Sector Accounting
  • Differences between Public Sector Accounting and Private Sector Accounting
  • Government sources of revenue
  • Accounting procedures for revenue allocation/illustration
  • Cost budget  preparation and illustration

Meaning of Public Sector Accounting

Public Sector Accounting is the process of recording the financial transactions concerning the receipts and payments of government funds, in a systematic way, as well as their analysis and interpretation so as to guide governments and their agents in various financial decisions.

Governments Sources of Revenue

Government revenue means the total income accruing to the government of a country. This can be classified.... View More

Subscribe now to gain full access to this lesson note

Take Me There

Click here to gain access to the full notes.