The following points highlight the top five advantages of responsibility accounting, i.e, (1) Assigning of Responsibility, (2) Improves Performance, (3) Helpful in Cost Planning, (4) Delegation and Control, and (5) Helpful in Decision-Making
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What Is The Purpose Of A Responsibility Accounting System
A responsibility accounting system provides information to evaluate each manager on the revenue and expense items over which that manager has primary control (authority to influence). A responsibility accounting report contains those items controllable by the responsible manager
What Is The Main Advantage Of Responsibility Accounting?
The following points highlight the top five advantages of responsibility accounting, i.e, (1) Assigning of Responsibility, (2) Improves Performance, (3) Helpful in Cost Planning, (4) Delegation and Control, and (5) Helpful in Decision-Making
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