Responsibility accounting

Definition:

Responsibility accounting is the collection, summarization, and reporting of financial information about various decision centers throughout an organization; can also be called profitability accounting or activity accounting. It tracks costs, revenues, or profits to the individual managers who are responsible for making the decisions about costs, revenues, or profits and taking action about them.

Related terms:

Generally Accepted Auditing Standards

Responsibility accounting

Useful articles:

»	When Everyone Sells
»	Insurance for Ailing Teams!
»	Managing Transformational Change within the Public Sector
»	Integrity at Any Cost

Credit Grade

Different lenders may grade you somewhat higher or lower, depending on their requirements

Cost Spreading

This is a cost spreading calculator that can be used to spread the estimated cost of up to 8 years.

Savings Estimator

Remember on payday to pay yourself first, you might need it sometime in the future.

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Motivation

What Is Your Life Purpose?

Why are you here? What is it that you want to do before you die? When do you feel like your life is completely effortless: it just 'clicks' and you know you're in the right place?

A L... [ more... ]

E-commerce

The Ten Commandments of Linking

http://www.gorillawebsitemarketing.com

I’ve been teaching people the virtues of linking the right way for a long time in my book, “Gorilla Website Marketing”. Howe... [ more... ]

Marketing

Negotiation Success Tips

PREPARE

Know what you’re worth both in the industry and within your organization.

Determine what you hope to accomplish from this negotiatio... [ more... ]