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.