A Public Finance Accountant is a professional responsible for preparing financial accounts and acting as management accountants for government agencies, local authorities, nationalized industries, and publicly owned bodies. They possess specialized skills that differ from private sector accountants due to the non-profit nature and statutory regulations governing public entities.
Public Sector Accounting refers to accounting principles and standards designed specifically for government and public sector entities. It includes methods and systems to track, record, and report financial activities within the public domain.
Comprehensive understanding of the principles, rules, and procedures governing the accounting systems used by federal, state, and local government units.
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