responsibility accounting



Focuses on providing financial information useful in evaluating efficiency and effectiveness of managers or department heads, on the basis of financial performance directly under their control.

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  • The key lesson from the meeting was to engage in responsibility accounting which was pleasing to hear according to our accounting team.

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  • You need to make sure that everything you log is correct and accurate when you are dealing with responsibility accounting.

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  • Our responsibility accounting system was well worth it because it gave us a lot of useful information that we needed.

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