Difference between revisions of "Responsibility accounting"
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Responsibility accounting]]. System that measures the plans, budgets, actions, and actual results of each responsibility center. | :[[Responsibility accounting]]. System that measures the plans, budgets, actions, and actual results of each responsibility center. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Responsibility accounting]]. A system for evaluating the performance of each responsibility center and its manager. | ||
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 18:39, 16 July 2020
Responsibility accounting is system that measures the plans, budgets, actions, and actual results of each responsibility center.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Responsibility accounting. System that measures the plans, budgets, actions, and actual results of each responsibility center.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Responsibility accounting. A system for evaluating the performance of each responsibility center and its manager.
