Fundamentals of Cost Accounting

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting 111 Pollard Chapter 12 Summary Learning Objectives (L.O): 4 Assignment: Exercises None Problems None Read the sections of the chapter which cover the Learning Objectives listed above and review the PowerPoint slides for the chapter. Use this information to complete this chapter summary. Test your understanding of the material by completing the assignment for the chapter. L.O. 4: Explain the relation between organization structure and responsibility centers. What is responsibility accounting? a system of reporting tailored to organizational structures so that revenues and costs are reported at the level within the organization having the related responsibility How does it support the delegation of decision-making? It supports the delegation of decision- making by providing a basis for measuring managers’ performance in making those decisions Name of Responsibility Center Responsibility Measure of Performance Example Cost center only for costs Managers are responsible for
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/04/2011 for the course ACCT ACCT111 taught by Professor Na during the Spring '11 term at American River.

Page1 / 2

Chapter 12 Key - Accounting 111 Pollard Chapter 12 Summary...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online