{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ORIE 3150 November 17 2011 Slides (1)

ORIE 3150 November 17 2011 Slides (1) - ORIE 3150...

Info icon This preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
ORIE 3150 November 17, 2011 Responsibility Accounting
Image of page 1

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

View Full Document Right Arrow Icon
Sarah Callister makes her high school hockey debut Suffers tough loss but manages +1 +/-
Image of page 2
Boys team opens season November 25th with visit from the Hanson Brothers
Image of page 3

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

View Full Document Right Arrow Icon
Definition Responsibility Accounting : accumulating and reporting financial data on the basis of the authority to make the day-to-day decisions about the items.
Image of page 4
Responsibility Accounting Can be used at each level of management where: 1. Revenues and expenses can be directly associated with the specific level of management responsibility. 2. Revenues and expenses are controllable at the level of responsibility with which they are associated. 3. It is practical and possible to develop performance reports to evaluate the manager’s effectiveness at that level.
Image of page 5

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

View Full Document Right Arrow Icon
Responsibility Accounting Responsibility accounting is especially valuable in a decentralized company, where control is delegated to many managers throughout the corporation. Each manager may be in charge of a business segment . Segment performance reports should emphasize or include only those items which are controllable by the segment manager.
Image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern