Private or Industrial Accounting Pittsburgh, PA

Private or Industrial Accounting

A private or industrial accountant limits his practice to a single firm. This may be true even when the company is a public entity. The internal accounting functions of the firm are the responsibility of the private accountant. Public accounting is concerned with the collection and reporting of information; private accounting provides information so that managers can make informed business decisions.

Without a knowledgeable accountant, officers of a corporation will have difficulty in deciding whether a merger or an acquisition will be profitable, what type of employee benefits the firm can afford, whether a proposed product will pay for its production costs, or whether a contemplated expansion is feasible.  These are only a few of the situations in which the sound financial advice of an accountant is an absolute necessity.