Difference between revisions of "Investment center"

From CNM Wiki
Jump to: navigation, search
(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...")
 
 
Line 4: Line 4:
 
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.