| Objective | Accountability & transparency in public funds | Profitability & financial performance |
| Source of funds | Public funds (taxes, grants, etc.) | Private funds (sales, investments, etc.) |
| Accounting standards | Government Accounting Standards Board (GASB) | Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) |
| Budgeting process | Complex and stringent | Flexible |
| Audit and compliance | Frequent audits for legal requirements and public accountability | Primarily for financial statements and tax compliance |
| Financial reporting | Detailed reports to the public | Reports for internal stakeholders and investors |
| Performance evaluation | Efficient and effective use of public funds | Financial performance and profitability |
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