Tag Archives | Responsibility Accounting

In this article we will discuss about Responsibility Accounting:- 1. Steps in Responsibility Accounting 2. Centres 3. Limitations. Steps in Responsibility Accounting: To make responsibility accounting effective and efficient, the following steps are suggested: (i) Targets are set and should be communicated to each manager Or executive. (ii) A continuous appraisal of actual performance is to be made and actual [...]