AN ASSESSMENT OF THE ACCOUNTING SYSTEM IN PRIVATE AND PUBLIC SECTOR ESTABLISHMENT

The purpose of this study is to examine the Accounting systems in private and public sector establishment and to know what accounting is all about, History of accounting Nature and purpose of Accounting, The operational guideline and attributes of Accounting etc Two organizations will be choosen for the purpose, that is private and public establishment. Data will be collected from both primary and secondary sources, questionnaires and oral Interview from the employees or management of the organization. After analyzing the data, the following findings will be made - The principles of Accounting, procedures and practices in both private and public establishment. - Different financial statements prepared at the end of an accounting period. - Different users of accounting Information. - Different financial statements are prepared at the end of the Accounting period.