Asked by Francies Guzman on Jul 08, 2024
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The process of measuring and reporting operating data by responsibility centers is termed responsibility accounting.
Responsibility Accounting
The process of measuring and reporting operating data by areas of responsibility.
Responsibility Centers
Responsibility centers refer to distinct segments or areas within a company for which individual managers are accountable for revenue, costs, or investments.
- Understand the process and significance of responsibility accounting in organizational management.
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Learning Objectives
- Understand the process and significance of responsibility accounting in organizational management.
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