responsibility accounting

A system of *management accounting in which individual managers are held *accountable for operational and financial performance. See also *accountability

Auditor's dictionary. 2014.

Look at other dictionaries:

  • responsibility accounting — A management accounting system designed to provide information to all levels of an organization, based on the responsibility of the individual managers for particular items of expenditure or income. Budgetary control and standard costing are both …   Accounting dictionary

  • Responsibility Accounting — ⇡ verantwortungsorientiertes Rechnungswesen …   Lexikon der Economics

  • responsibility accounting — Fin the keeping of financial records with an emphasis on who is responsible for each item …   The ultimate business dictionary

  • Учет по центрам ответственности (RESPONSIBILITY ACCOUNTING)  — Система, при которой доходы, расходы и капитал учитываются в разрезе центров ответственности …   Словарь терминов по управленческому учету

  • social responsibility accounting — Fin the identification, measurement, and reporting of the social costs and benefits resulting from economic activities …   The ultimate business dictionary

  • accounting standard — A definitive standard for financial accounting and reporting established in the form of a Statement of Standard Accounting Practice (SSAP) issued by the Accounting Standards Committee or, since 1990, a Financial Reporting Standard (FRS) issued by …   Accounting dictionary

  • responsibility centre — A section or area of an organization the costs or income of which can be assigned to be the responsibility of a particular manager. A responsibility centre may be a department, cost centre, division, profit centre, or investment centre. Its size… …   Accounting dictionary

  • Accounting scandals — Accounting scandals, or corporate accounting scandals, are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. Such misdeeds typically involve complex methods for… …   Wikipedia

  • accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… …   Universalium

  • responsibility — Synonyms and related words: accountability, accountableness, accounting for, action, agency, agentship, amenability, answerability, answerableness, application, arrogation, ascription, assignation, assignment, attachment, attribution, auspices,… …   Moby Thesaurus

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