“RESPONSIBILITY ACCOUNTING”

Overview
Cite Work

INTRODUCTION

Responsibility accounting is the third type of management accounting information. It is called by that name because the accounting information is structured according to organization units, which are responsibility centers. Responsibility accounting collects and reports information that is used in an important management function and management control.

RESPONSIBILITY ACCOUNTING

DEFINITION

An information system designed to a measure the performance of that segment of a business for such a given manager is responsible is often referred to as “responsibility accounting system”.

A responsibility accounting system should reflect the plans and performance of each organization. It is designed to provide timely information for decision making and for the evaluation of performance. In addition to being timely such information should highlight deviations of actual performance from planned performance so that appropriate corrective action can be taken. All items of expense are the responsibility of an individual and should be charged to that

TABLE OF CONTENT

TITLE PAGE i

APPROVAL PAGE ii

PREFACE iii

DEDICATION iv

ACKNOWLEDGEMENT v

TABLE OF CONTENT vi

CHAPTER ONE

1.1 Introduction

1.2 Responsibility accounting

1.3 Responsibility center

1.4 Types of responsibility centers

1.5 Expense center

1.6 Profit center

1.7 Investment center

CHAPTER TWO

2.1 Management control process

2.2 Steps in management control

2.3 Type of budget

2.4 The cash budget

2.5 Uses of budget

2.6 Budget preparation

2.7 Reporting and analysis

CHAPTER THREE

3.1 Control reports and their uses

3.2 Information reports

3.3 Performance reports

3.4 Technical criteria for report

3.5 Summary

BIBLIOGRAPHY

Read Download

“RESPONSIBILITY ACCOUNTING”

Related Works