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Nikki Alfano
on Oct 23, 2024

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Where an organisation elects to incorporate responsibility accounting into the firm, they will establish some common responsibilities centres such as cost, revenue, investment and expense.

Responsibility Accounting

A financial recording system that accumulates, consolidates, and presents finance-related data pertaining to the obligations of specific managers or units.

Responsibility Centres

Segments within an organization for which individual managers are accountable, focusing on financial performance and operational efficiency.

  • Explain the main objectives of the budgeting process.
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Jacob MoralesOct 26, 2024
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