Responsibility Accounting

PREFACEThis subject is called “Responsibility Accounting which is third type of management accounting information and describes the organizational structure in which the management control takes place.  It focuses on three types of responsibility centers called expense centers, profit centers and investment centers.The characteristics of each of these organization units are given and the accounting information that is appropriate for each of them is described.An essential characteristic of responsibility accounting is that it focuses on responsibility centers.  This difference in foc…