Accounting is a fundamental area for public companies, as they need to deal with a series of specific issues, such as accountability to the population and the need for transparency in relation to the use of public resources.
One of the main functions of Accounting for public companies is the preparation of accounting reports that allow the evaluation of the financial situation and assets of the organization. This is important for both internal decision-making and accountability to society.
Another important accounting function for public companies is budget management. It is the public accountant's responsibility to ensure that resources are used efficiently and that funds are not wasted or misappropriated.
In addition, Accounting for public companies must also be aware of legal and tax issues. It is necessary to comply with tax and social security obligations, as well as to follow the specific rules and regulations for public companies.
Finally, it is important to highlight that Accounting for public companies must also be aligned with the public policies and objectives of the organization. It is necessary that the public accountant understands the demands and needs of society so that he can effectively contribute to the development of the country.
