Presentation1 - ResponsibilityAccounting...

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Click to edit Master subtitle style  3/13/10 Responsibility Accounting An overview of your department And Responsibility Center By Chadisia Lopez
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 3/13/10 Responsibility Accounting managers are held responsible for the difference between  the actual performance and those budgeted the managers are closely involved in the planning and  controlling of the resources and has a Responsibility centre which is  a division or  department in the organization for them to be responsible  for their performance.
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 3/13/10 Cost Center Responsible only for costs the company occurs Does not create revenue
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 3/13/10 Revenue Center Creates revenue by selling the company’s goods or  services Does not create the goods; only sales
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 3/13/10 Profit Center Drives sales revenues and creates costs in revenue making  activities Considered a separate entity in order to determine 
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Presentation1 - ResponsibilityAccounting...

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