Responsibility accounting is a management control system that assigns responsibility for revenues and costs to specific departments within an organization. It helps control costs by holding ...

It is our responsibility to educate the next generation of academics and professionals in accounting, business ethics, and information systems. In addition to remaining current through the production ...

A variance can be calculated for any cost or revenue item in a responsibility accounting system. For example, if a unit's actual sales revenue is $100,000 and the budgeted sales revenue is $90,000 ...