Responsibility accounting

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.