Responsibility accounting

Responsibility accounting,

Definition of Responsibility accounting:

  1. 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.

How to use Responsibility accounting in a sentence?

  1. Our responsibility accounting system was well worth it because it gave us a lot of useful information that we needed.
  2. You need to make sure that everything you log is correct and accurate when you are dealing with responsibility accounting .
  3. The key lesson from the meeting was to engage in responsibility accounting which was pleasing to hear according to our accounting team.

Meaning of Responsibility accounting & Responsibility accounting Definition