• Responsibility accounting is a system of management accounting under which. accountability is established according to the responsibility delegated to various levels. of management and a management information and reporting system instituted to give. adequate feedback in terms of the delegated responsibility
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What Is Meant By The Term Responsibility Accounting
• Responsibility accounting is a system of management accounting under which. accountability is established according to the responsibility delegated to various levels. of management and a management information and reporting system instituted to give. adequate feedback in terms of the delegated responsibility
What Is An Example Of Responsibility Accounting?
For example, the cost of rent can be assigned to the person who negotiates and signs the lease, while the cost of an employee's salary is the responsibility of that person's direct manager. ... Similarly, scrap costs incurred at a machine are the responsibility of the shift manager
