accounting dillemas
needs of its beneficiaries.
Furthermore, as public sector entities are non profit organizations, managers are not motivated to manipulate the true financial performance of the entities, to enhance their personal status for income benefits. On the other hand, the managers of private sector entities can be assumed to be motivated by self-interest theory, thereby, leading to the possible manipulation of the true financial performance of the entity. As the nature of these entities and the motivations for accounting policy choices are significantly different, I argue that the governing rules and regulations should be adjusted accordingly, to suit the differing objectives of the organizations.