Compare and contrast public accountants and private accountants
What will be an ideal response?
Answer: Private accountants are in-house accountants employed by organizations and businesses other than a public accounting firm. They are also called corporate accountants.
In contrast to private accountants, public accountants are independent of the businesses, organizations, and individuals they serve. Most public accountants are employed by public accounting firms that provide a variety of accounting and consulting services to their clients.
You might also like to view...
Which of the following options is most likely to be used for reaching potential audiences you can't yet identify?
A) Group meeting B) Email C) Telephone D) Blog E) Text message
Avery works for Proctor and Gamble as a market researcher in the United States. P&G is interested in launching a new line of shampoo in India and has asked her to look into doing research to support this decision. Since Avery is not familiar with the language or the culture, what should she do?
A. perform a demand analysis. B. hire a local market research firm. C. perform causal research. D. access the company's big data. E. collect secondary data.
What are the three categories of assets in a Statement of Financial Affairs?
What will be an ideal response?
A project manager is using the payback method to make the final decision on which project to undertake. The company has a 15% required rate of return and expects a 5% rate of inflation for the following five years
What is the discounted payback of a project that has cash flows as shown in the table? Year Cash Flow 0 -$500,000 1 $50,000 2 $75,000 3 $150,000 4 $150,000 5 $750,000 A) 3.9 years B) 4.3 years C) 4.6 years D) 4.1 years