Difference between revisions of "Investment center"
(Created page with "Investment center is responsibility center where the manager is accountable for investments, revenues, and costs. ==Definitions== According to Cost Accounting by Horngr...") |
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Investment center]]. Responsibility center where the manager is accountable for investments, revenues, and costs. | :[[Investment center]]. Responsibility center where the manager is accountable for investments, revenues, and costs. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Investment center]]. A responsibility center in which managers are responsible for generating revenues, controlling costs, and efficiently managing the division's assets. | ||
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 11:34, 15 July 2020
Investment center is responsibility center where the manager is accountable for investments, revenues, and costs.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Investment center. Responsibility center where the manager is accountable for investments, revenues, and costs.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Investment center. A responsibility center in which managers are responsible for generating revenues, controlling costs, and efficiently managing the division's assets.
