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
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(2014, 11). “responsibility Accounting”.. ProjectStoc.com. Retrieved 11, 2014, from https://projectstoc.com/read/4196/ldquo-responsibility-accounting-rdquo-2362
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"“responsibility Accounting”.." ProjectStoc.com. 11, 2014. Accessed 11, 2014. https://projectstoc.com/read/4196/ldquo-responsibility-accounting-rdquo-2362.
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